Revolving Fund Under ICC

I would like to suggest the university to create a revolving fund for RM500k or RM1 mil to be park under ICC as the custodian of the fund. The objectives of the fund is to support the newly formed start up or spin off company which has commercialized R&D products from the university. The scenario is that the new company with no track and records with credible transaction is hard to get fund or loan from financial institution without collateral. The fund will be monitored by the appointed committee to evaluate company applications according to the terms and conditions which will be set by the committee. The fund will grow progressively with the impose of interest rate or royalty from the money borrowed by the company. Many university’s spin off company was created from the grant received from the agency etc. but once the grant is finished, the spin off company will have difficulties in raising capitals to expand their business. With this initiative, it will benefit many spin off companies in UTM especially when the company reached the growth period (eg. manufacturing, market expansion and marketing).