To contribute to the progress of “Science and Technology” in Malaysia. (“Science and Technology” will be limited to the fields of natural sciences, including the environment, but excluding clinical medicine and mathematics).

To make a positive contribution to the betterment of Malaysian society and growth through national scientific and technological advancement and development of human capital.

• To stimulate and encourage basic research in science and technology in Malaysia.
• To reward Malaysian scientists and researchers whose outstanding achievements have contributed to the advancement of science and technology.
• To enhance and develop educational initiatives through creative and effective science teaching methods.

Expenditure of approximately RM600,000 annually, derived from interest income and contributions from Toray Science Foundation, Japan and Toray subsidiaries in Malaysia.

To achieve the objectives, the Foundation endeavours to undertake the following 3 annual programs :
(A) Science & Technology Award (STA) - recognizes the outstanding achievements/ discoveries/contributions of Malaysian scientists and researchers.
(B) Science & Technology Research Grant (STRG) - provides financial assistance to young Malaysian researchers (below 40 years of age) for basic research in science and technology (limited to the fields of natural sciences, including the environment, excluding clinical medicine and mathematics).
(C) Science Education Award (SEA) - recognizes outstanding Malaysian teachers and educators for innovative and creative science education in secondary schools, technical schools, educational centres and Pre-university colleges.