Enterprise Innovation Fund (EIF)


Enterprise Innovation Fund is a grant scheme which funds the development or improvement of new or existing products, processes or services with elements of innovation. The project must have economic value and improves the societal well-being of the community


To increase the participation of micro-businesses, individuals in innovative activities and encourage technological innovation of new or existing products, process or services for commercialisation

Financing type
Financing amount (max)
  • RM 50,000 for individual
  • RM 150,000 for sole proprietor / partnership
  • RM 500,000 for small companies
Purpose of Financing
Technology Development
Eligibility criteria
  • Individual, sole proprietor, micro and small companies
  • The company must be at least 51% Malaysian-owned
  • The company must have minimum paid up capital in cash of RM 10,000 (individual and sole proprietor are exempted from this stipulation but must provide justification and supporting documents on the ability to sustain itself)
  • Project proposal must contain elements of technological innovation leading to commercialisation
  • Project must be for the development of new or existing products, processes or services with the potential for commercialisation
  • Application from an individual must be accompanies by a supporting letter from a referee
  • Project must be undertaken in Malaysia
Application procedure

Applicant for Enterprise Innovation Fund should be submitted through online system https://edana.mosti.gov.my

The process approval is as below:

  • Fund Application
  • Internal Screening
  • Technical and Financial Committee Evaluation
  • Fund Approval Committee Meeting
  • Approval
For further information

Fund Division 

Tel: 603 – 8885 8305/8324/8367/8704/8322 Fax: 603 – 8888 7710
Web: https://edana.mosti.gov.my 

Ministry of Science, Technology and Innovation 
Level 4, Block C4, Parcel C 
Federal Government Administrative Centre 62662 Putrajaya