MDEC /MOSTI have provided Grant for Pre Seed for Malaysian in ICT Sector. The grant is up to RM150,000 for 12 months development of products.
So far many have applied and many have been approved.
The idea is good. I think it is excellent.
The criteria and questions asked during evaluation process have been fine tuned.
However the next question is how many of these bright ideas can become commercial products that are successful fighting in the world market.
The real success of the Pre-Seed Grant should be measured by the commercialisation success of the ideas.
More work need to be done here.