IMMIGRATION PROCEDURES
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List of Grant from Ministries or Agencies
The government of Malaysia under several ministries or agencies offered grants to the Malaysian and also Foreigners that looking forward to set up, expand, diversify and modernize their business in Malaysia. Below are the type of grant offered by ministries or agencies which we can give advisor on application.
TECHNOLOGY DEVELOPMENT Fund (TeD) - PEMACU 2.0
MOSTI
Type Of Grant:
R&D
Maximum Grant up to RM4Mil
Status :
Open
The TeD scheme uses a bottom-up approach based on research and innovation ideas proposed by applicants. The scheme focuses on technology development projects that already have a strong technical foundation and clear commercial potential. This approach helps speed up the process of turning research projects into commercial products or services.
Objectives
To provide funding support for R&D projects that support government policies, roadmaps, action plans, and national initiatives.
To develop innovative technologies, products, or processes that can solve industry challenges and create positive socioeconomic impact in line with the country’s STI policies and the 13th Malaysia Plan (RMK13).
To improve and strengthen existing technology, product, or process designs towards commercialisation and help bridge the technology development gap (“valley of death”). Technology readiness will be measured using the Technology Readiness Level (TRL) scale.
To strengthen the R&D ecosystem through strategic collaboration between Government Research Institutes (GRI), Higher Education Institutions (IPT), and industry players.
Eligibility Criteria
Small and Medium Enterprises (SMEs) and Start-up companies that meet the following minimum requirements:
Registered with the Companies Commission of Malaysia (SSM);
Majority ownership by Malaysian citizens (more than 50%);
Minimum paid-up capital of RM10,000;
Business must be technology or innovation-based;
Must have been operating for at least one (1) year and not more than five (5) years.
The proposed project must achieve at least Technology Readiness Level (TRL) 4, with a proven concept (POC) or a working prototype.
Strategic Technology Accelerator Fund (PEMACU) 2.0
The Strategic Technology Accelerator Fund (PEMACU) 2.0 is a research and development (R&D) grant program that provides focused and strategic funding support in line with national goals and the priorities set by the Ministry.
The funded R&D projects are expected to create long-term benefits for industries and communities by using resources effectively and focusing on achieving the targeted outcomes.
The PEMACU 2.0 Fund is offered under two (2) schemes.
Technology Development Fund (TeD) up to RM4Mil
Strategic Research Fund (SRF) up to RM10Mil
SKALA IB
SME Corporation Malaysia
Type Of Grant:
Software, Machinery, Digitalization, Woking Capital, R&D, Advertising
Maximum Grant RM200,000.00
Status :
Open
Matching 90% of the total project cost. Maximum funding limit of RM200,000.00 for each eligible Inclusive Business (IB) company
Program Penskalaan Perniagaan Inklusif (Skala-IB) is an initiative by SME Corp. Malaysia to help businesses grow through the Inclusive Business (IB) model. Inclusive Business refers to a sustainable and profitable business approach that creates opportunities for inclusive communities by involving them in the company’s main business activities, such as suppliers, distributors, retailers, or service providers. The program aims to support companies in expanding their business while creating positive social and economic impact for local communities.
Objective
The program aims to improve the capability, productivity, and competitiveness of companies by strengthening their business operations and supply chains through the Inclusive Business (IB) model.
Type of Assistance
The program provides a capacity development grant covering up to 90% of the total project cost, with a maximum funding amount of RM200,000 for each eligible Inclusive Business (IB) company with SME status.
Eligibility Criteria
Only companies that meet the definition of an MSME and have received Inclusive Business (IB) recognition* from the Ministry of Entrepreneur and Cooperatives Development (KUSKOP) are ELIGIBLE FOR CONSIDERATION*Please refer to the Inclusive Business (IB) recognition criteria below:https://smecorp.gov.my/index.php/my/slides/5140-pengiktirafan-perniagaan-inklusif-ib
Small and medium enterprises with annual sales turnover of at least RM300,000.00 and a minimum of 5 full-time employees
Businesses registered with the Companies Commission of Malaysia under the Companies Act 1965 or 2016 (Sdn. Bhd.)
At least 60% equity owned by Malaysian citizens
Operating from a valid business premises with a Business Premises License from the Local Authority or an equivalent license from the relevant authorities
Companies are required to submit MSME Status Registration Certificate and Audited Financial Statement for at least two (2) years (latest) and EPF Statement (latest)
Possess a valid SCORE Rating Certificate OR if registered for SCORE assessment, the SCORE Rating Certificate must be submitted before submitting final claim
The project must involve a community of at least 50 participants
Project Scope
The grant supports projects related to infrastructure development, renovation of business premises or factories,
Purchase of machinery and equipment for productivity improvement and automation.
It also covers working capital, technology adoption, digitalisation systems and applications, as well as market access activities such as promotion, packaging, and branding.
In addition, support is provided for research and development (R&D), including product development, innovation, certifications, Quality Management Systems (QMS), and product testing.
SIRIM Smart Tech-Up Grant
SIRIM berhad
Type Of Grant:
Software, Training
Maximum Grant 500k (Grant 50:50 Company)
Status :
Open
The Smart Technology Uptake programme is an initiative by the Ministry of International Trade and Industry (MITI) Malaysia to encourage and support local businesses, particularly Small and Medium Enterprises (SMEs) and Mid-tier Companies (MTCs), in adopting smart technologies to enhance their productivity and competitiveness.
The program aims to accelerate the transformation of 3,000 companies into smart factories by 2030.
Application Process
Online Registation
Online Self-Assessment
Onsite Smart Factory Assessment (OSFA)
Project Evaluation & Approval
Project Implementation
Funding Assistance
* 50% Government Matching Grant.
* Maximum funding up to RM500,000.
* Covers project implementation and training costs.
* Applicant to fund the remaining 50% of project cost
Eligibility Criteria
* Incorporated under the Companies Act 2016.
* At least 51% Malaysian owned.
* SMEs and Mid-Tier Companies (MTC).
* At least 3 years in operation.
* Valid business licence from local authority.
* Manufacturing OR Manufacturing Related Services (MRS).
Technology Scope
Internet of Things (IoT)
Artificial Intelligence (AI)
Big Data Analytics
Cloud Computing
Autonomous Robotics
Cybersecurity
Augmented Reality
Advance Material
System Integration
Simulation
Additive manufacturing.
Business Accelerator Programmme (BAP) 4.0
SME Corporation Malaysia
Type Of Grant:
Machinery, Advertising
Maximum Grant RM400K
Status :
Closed
Business Accelerator Programme (BAP) 4.0 is undertaken by
SME Corp. Malaysia with the aim to provide agile access to financing for Micro, Small and Medium Enterprises (MSMEs) via a digital platform.
Financing Features:
Financing Amount up to RM400,000
Profit Rate up to 3.5% per annum
Eligible companies may receive a rebate or grant of up to 40%*
Financing tenure: of up to 36 months
*Subject to the terms & conditions of SME Corp. Malaysia
Financing Scope
Raw Materials
Operating Expenses (Rental, Salaries & Wages, Utility Payments)
Acquisition of Machinery & Equipment
ESG (Environment, Social & Governance) Adoption
Product Certification
Advertising & Promotion
ICT Adoption
Eligibility Criteria for SMEs
MSMEs Registered with the Companies Commission of Malaysia (SSM) under the Companies Act 1965 or 2016, Limited Liability Partnerships Act 2012, or Trade Licensing Ordinance 1948 (Sabah & Sarawak);
Have a valid SME Status Certificate;
At least 60% local equity;
Have a valid business license issued by the Local Authority (PBT);
At least 12 months in operations from the application date; and
Priority will be given to companies with a good financial track record with financial institutions.
Business Accelerator Programme for Indian Small Business
SME Corporation Malaysia
Type Of Grant:
Advertising, E-Commerce, Machinery, Software, Certification
Maximum Grant RM100,000
Status :
Closed
Business Accelerator Programme for Indian Small Business (I-BAP) is an integrated assistance programme aimed to enhance the capabilities of small-sized companies through business advisory services and financial support. This programme supports a wide range of capability building initiatives to assist MSMEs grow and expand their business locally and globally.
Type of Assistance
Matching grant 50% of the eligible expenses (maximum RM100,000)
Project Scope
Acquisition of Machineries & Equipment (Productivity & Automation)
ICT Adoption & E-Commerce
ESG (Environment, Social & Governance) Adoption
Product Certification
Advertising & Promotion (limited to RM50,000 only)
Eligibility Criteria
Having a valid MSME Status Certificate
Annual sales turnover exceeds RM300,000 per year
At least 60% of local Indian ownership
Having a valid Business Premise License from Local Authorities
At least 12 months in operations from the date of application
Major / common shareholders in 2 or more Private Limited Companies are only eligible to submit 1 application
Enterprise owned by the same owner in 2 or more enterprises (sole proprietorship or partnership) are only eligible to submit one application
Companies that have received BAP 3.0 grants are not eligible to apply
The same project that has been approved under any programme by SME Corp. Malaysia is not eligible
Open to all economic sectors EXCEPT sectors related to primary agriculture, financial, insurance, real estate, and securities trading sectors (priority will be given to the high growth industries)
Basic Application Documents
Superform document from SSM
Business Premise License from Local Authorities
Audited Financial Statement for the last 3 years or the latest management accounts
Bank statements for the last 3 months
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