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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.

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PROGRAMME FOR ENHANCEMENT OF STRATEGIC INDUSTRY AND HIGH GROWTH ENTERPRISE (PRESTIGE)

SME Corporation Malaysia

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Type Of Grant:

R&D

Maximum Grant RM500k

Status : 

Open

Programme for Enhancement of Strategic Industry and High Growth Enterprise (PRESTIGE) aims at developing high growth SMEs in strategic sectors such as Medical Devices, Biotechnology, Aerospace, Rail etc. in line with the National Entrepreneurship Policy (DKN 2030).

The programme envisions the creation of globally competitive SMEs through two (2) strategic goals, namely:

  • Expand the number of high growth and innovative firms to that generate a substantial share of employment and output; and

  • Raise the productivity of high growth SMEs to boost incomes and standards of living.

Matching grant assistance with a maximum of RM500,000 for each participating SME for:

Applicable to all sector

Scope’s of grant:


  • Product and Process improvement

  • Production prototypes and standards

  • Product testing and validation

  • Compliance and regulatory certification

  • Quality Management System and Manufacturing/ Enterprise Resource Planning (MRP/ERP)

  • Marketing and promotional activities

Criteria


PRESTIGE aspires to create home-grown champions through a targeted approach by building the capability and capacity of participating companies through development programmes, provision of market intelligence and enhancement in market access with the following elements:

  • Technological Adoption
    Improving participating SMEs’ technology capability through the adoption of IR4.0 related activities that will increase manufacturing capability and efficiency:

  • Organisational Transformation
    Developing action plans for the SMEs to address the identified gaps and supporting their business process transformation through modification of policies, procedures, and processes according to the respective industry’s requirements; and

  • Marketing Strategy
    Development of marketing activities and strategy to expand participating SMEs’ market share and global presence.

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SME GO GLOBAL (SMEGO)

SME Corporation Malaysia

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Type Of Grant:

Export

Maximum Grant RM200k

Status : 

Closed

In support of this strategy, the implementation of SMEs export enhancement programme provides financial assistance in the form of matching grant in order to SMEs with internationalisation activities through export programmes namely:


  1. SMEs Go Global Programme (SMEGO - maximum grant up to RM200,000,00*Subject to current government policy and decision.

Applicable to all sector


Scope’s of grant:

Components of SMEs Export Enhancement Programme

  • Market Linker and Practitioner Experts’ Services.

  • Office Management Overseas.

  • Manufacturing of product prototypes for international buyers.

  • Export Packaging Enhancement and Services.

  • International buyers‘ audit visits to Malaysia.

  • Market Immersion Activites Overseas.

  • Certification & Compliance with International Standards.

  • Participation in e-marketplace / e-commerce.

  • Traning / Courses / Seminars / Conferences Related to Export.

Criteria


  • Possess Malaysian SME Status Certificate issued by SME Corporation Malaysia.

  • At least 60% Malaysian equity.

  • Valid business licenses from local authorities and operating at valid business premises (subject to business activities).

  • Have been in business operations for at least 3 years.

  • Minimum 3-Star SCORE rating and above and reach the latest annual sales of at least RM1 million.

  • Audited Financial Statement for at least 2 years.

  • Submit business income tax statement (with valid evidence) under the Income Tax Act 1967.



GALAKAN EKSPORT BUMIPUTERA (GEB)

SME Corporation Malaysia

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Type Of Grant:

Export, Certificate

Maximum Grant RM250k

Status : 

Closed

In support of this strategy, the implementation of SMEs export enhancement programme provides financial assistance in the form of matching grant in order to assist SMEs with internationalisation activities through export programmes namely:


  1. Galakan Eksport Bumiputera Programme (GEB) - maximum grant up to RM250,000.00


*Subject to current government policy and decision.


Applicable to all sector


Scope’s of grant:

Components of SMEs Export Enhancement Programme

  • Market Linker and Practitioner Experts’ Services.

  • Office Management Overseas.

  • Manufacturing of product prototypes for international buyers.

  • Export Packaging Enhancement and Services.

  • International buyers‘ audit visits to Malaysia.

  • Market Immersion Activites Overseas.

  • Certification & Compliance with International Standards.

  • Participation in e-marketplace / e-commerce.

  • Traning / Courses / Seminars / Conferences Related to Export.

Criteria


  • Possess Malaysian SME Status Certificate issued by SME Corporation Malaysia.

  • At least 60% Bumiputera equity

  • Valid business licenses from local authorities and operating at valid business premises (subject to business activities).

  • Have been in business operations for at least 3 years.

  • Minimum 3-Star SCORE rating and above and reach the latest annual sales of at least RM1 million.

  • Audited Financial Statement for at least 2 years.

  • Submit business income tax statement (with valid evidence) under the Income Tax Act 1967.



BUMIPUTERA ENTERPRISE ENHANCEMENT PROGRAMME (BEEP)

SME Corporation Malaysia

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Type Of Grant:

Advertising, E-Commerce, Machinery, Software,

Maximum RM200K

Status : 

Open

BEEP aims to create and develop competitive, resilient and dynamic Bumiputera SMEs through integrated assistance to strengthen SMEs core business, build capacity and capability, increase productivity and facilitate their access to financing. The grant riven is 50% up to RM200,000


Applicable to all sector


Scope’s of grant:

  • Productivity and Automation;

  • Online Applications, e-Commerce, e-Payment and ICT Applications; and

  • Enhancing Packaging;

  • Branding Development and Promotion;

  • Certification and Quality Management System (QMS);

  • Product Development and Innovation; and

  • Listing on the LEAP market.


Fees & ChargesEffective 1st March 2023, processing fees will be charged for new application.

Processing fees for application:


  • RM500 for small & medium SMEs; and

  • RM300 for micro SMEs.

Criteria


  • MSME Status Certification

  • Micro*, small & medium companies only;

  • 60% equity owned by Bumiputera;

  • Operating with valid business premise license;

  • At least 6 months in operations;

  • Have undergone SCORE assessment; and

  • No vested interest supplier(s).


* Refers to high-potential Micro* enterprises as follows:

  1. At least 12 months in operation;

  2. Annual sales turnover exceeds RM250,000 per year; and

  3. Operating in licensed business premise.


To apply, please book video conferencing meeting through the MeetMe platform under the myAssistMSME portal.

Kindly visit www.myassist-msme.gov.my for more information.

GVMD – GRANT FOR HIGH VALUE ADDED MARKET DEVELOPMENT

MIDF

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Type Of Grant:

Commercialization

Maximum Grant 1Mil

Status : 

Open

Objective


Grant for High Value-Added Market Development (GVMD) aims to bridge the industry gap by assisting local businesses in their effort to commercialise high value-added and complex products.

To be eligible, your company must:


  1. be a SME or non-SME registered with SSM

  2. have at least 60% equity / ownership held by Malaysians

  3. possess a valid business license issued by local authority

  4. be in operation for more than 6 months

  5. be in manufacturing sector


Applicable for:


  1. productivity improvement and capacity building

  2. licensing, standards & certification compliance

  3. conducting of life cycle assessment

  4. promotional activities

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