Commercialisation of Research & Development Fund (CRDF 2)
CRDF 2 is a grant for the commercialisation of R&D output from Public and Private University (PPU) / Government Research Institute (GRI) by a Start Up company.
A Start Up is defined as a newly set up Small & Medium Enterprise (SME) established specifically as the vehicle for the commercialization activities of the specific project.
Under this fund, the SME is recommended to operate their business from a recognised Technology Centers. The Company is also required to focus their commercialisation activities on business development while producing their product via out-sourcing mode.