UPM Industry Networking Incentive Scheme

UPM INDUSTRY NETWORKING INCENTIVE SCHEME 

• Has been approved by the LPU based on the minutes of the 159th LPU Meeting on 12 October 2021 (Minutes 159/16).
• Sources or funds unrelated to the government and entirely from external parties only such as donations, industrial research grants, waqf (endowments) and others are eligible to receive cash incentive payments subject to the stipulated terms and conditions.
• The Administrative Fee that will be applied to all JINM grants is maximum 10%.
• The maximum incentive limit that staff can receive is RM25,000.00 for each project brought in.

 

Details of Distribution for INCENTIVE SCHEME 

 

 

Incentive Scheme Criteria

1. Type of project.

Any project that has cash financing and includes administration charges (maximum 10%) from the industry is eligible to receive this incentive. These projects include:

1.1. Product development projects,

1.2. Product and process improvement projects,

1.3. Obtaining a scholarship for UPM,

1.4. Obtaining an endowment for UPM,

1.5.  Obtain donations or gifts for UPM,

1.6. Projects that involve the community.

 

2. Cash Funds.

Only cash funds, those that go into the Trust Account at UPM are accepted in this incentive facility.

 

3. Funder.

Cash funds received must come from industry or individuals (e.g., philanthropists) only. Industry refers to all private agencies including NGOs, Government Linked Companies (GLCs), Foundations, Cooperatives, but excludes funds from government and government agencies (such as FRGS, LRGS, PRGS etc).

 

4. The project does not include private allowances.

Entitle project in Item 1, must not contain private allowances (such as emoluments, honorariums, consolation payments) in the agreement approved by the funder. If there any, then incentives to staff cannot be claimed.

 

5. Effective date.

Only projects starting in January 2022 are accepted for this incentive.

 

6. Administrative fee.

The project agreement (MoA etc.) in item 1 must contain an administration charge (maximum 10%) agreed upon by the funder. If not in the agreement, CiRNeT provides a template of the administrative charge agreement letter. An example of a letter is in Appendix 1.

 

7. Claim Procedures.

7.1. The opening of a Trust Account or Trust Fund in PTJ is made.

7.2. The incentive allocation form as in Appendix 2 needs to be filled out by staff and sent to CiRNeT. Forms are also available on the CiRNeT website.

7.3. Review of distribution form by CiRNeT.

7.4. The payment instruction letter issued by CiRNeT to the Bursar refers to the division form in item 7.3.

7.5. Payments are made to the staff salary account, and the relevant PTJ Trust Fund.

Updated:: 03/05/2023 [rabaa.mr]