Section 23
Innovation Fund
of Agensi Inovasi Malaysia Act 2010
ActIn forceProvision 23 of 46
Section 23
(1)
For the purposes of this Act, the Agency shall establish and maintain an Innovation Fund.
(2)
The Innovation Fund shall consist of all moneys and property received by the Agency from the Government, any organization, body corporate or institution solely for the purposes of research activities and initiatives relating to innovation, and shall be disbursed for such like purposes, including funding of selected innovation determined by the Agency.
Conservation of Operational Fund and Innovation Fund