Mosti channels RM32.8 mln Innofund grant to 60 innovative projects
JASIN: The Ministry of Science, Technology and Innovations ( Mosti) has channelled RM32.8 million out of its allocation of RM50 million Innofund grant to 60 innovative projects throughout this year.
Its deputy minister, Datuk Dr Abu Bakar Mohamad Diah said the fund which allocates a maximum of RM500,000 for every application, aimed to commercialise every product made besides enabling innovative products in the country to help the community.
“We receive a lot of applications under the Innofund fund and they are all screened before approval is given. For example, last year we received about 500 applications and 85 per cent of them were approved.
“Many innovative products were introduced and commercialised under the fund and we gather all the products, including those produced under all ministries receiving this grant at the Commercialisation Expo expected to be held in November,” he told reporters in Merlimau, here yesterday.
Earlier, he handed over a cheque amounting to RM102,000 under the Innofund grant for the Community Innovation Fund ( CIF) category to the Merlimau Polytechnic director, Zolkarnain Jobshi for the Portable Eco Supply project developed by the Electrical Engineering Department of Merlimau Polytechnic.
Also present were Portable Eco Supply head of research, who is also the principal lecturer of the Electrical Engineering Department of Merlimau Polytechnic, Dr Kamarudin Md Tahir and its Project Head Noor Ropidah Bujal.