CREST receives funding from different channels for different programmes. The CREST R&D Grant is funded by the Government of Malaysia, together with industry and higher learning institutions by contributing in cash and/or in resources on per project basis.

CREST began its operations in 2012. The idea and concept of forming CREST was mooted as early as in 2009. CREST was formed to address Malaysia’s needs for a change agent to bring together Industry, Academia and Government to collaborate in R&D initiatives for the E&E sector. Through these collaborative research, design and development activities, a vibrant R&D ecosystem can be developed to accelerate economic growth for the sector.

CREST is a national development initiative, it is for the entire Malaysia. CREST started in Penang because of its strong existing local E&E support system. But it is expanding its footsteps across Malaysia, regionally and internationally.

At the moment, CREST has one physical office in Penang. However, it is already in progress for CREST to have satellite offices across Malaysia in the relevant major cities including Kuala Lumpur.