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.
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
2 quotations from preferred and comparison supplier
Malaysia Digital X-Port Grant (MDXG)
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
Type Of Grant:
R&D, Export
Maximum Grant RM1Mil
Status :
Open
Key Objectives
MDXG is focused on supporting Malaysian technology companies that have demonstrated export readiness and are seeking to expand their global market presence. This grant is for expansion of Malaysian technology companies operating within Malaysia Digital promoted sectors, to drive the development and commercialisation of cutting-edge, sustainable products and services and To elevate the branding of Malaysian technology.
GRANT AMOUNT
For Local Owned Company : Up to 50% of total project cost or up to RM1 Million whichever is lower.
Project Duration: Up to 1 Year
For Majority Foreign Owned Company: Up to 30% of total project cost or up to RM1 Million whichever is lower. Headquarters must be in Malaysia
Project Duration: Up to 1 Year
Eligibility Criteria
Local Company:
Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016
Minimum issued share capital of at least RM50,000.00
Active and minimum of 51% equity held by Malaysian(s) as per shareholding structure in the SSM; and
Majority Foreign owned:
Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016;
Active and minimum issued share capital of RM500,000.00;
Headquartered in Malaysia.
In operation for at least one (1) year as of the date of submission.
Not the subject of liquidation/winding up/bankruptcy order and has no going concern issue*. [*If the Applicant/Recipient has going concern issue (as reported in their latest audited account), the Applicant/Recipient is to provide a letter of undertaking by the shareholder and/or authorised director (whichever applicable as per the Applicant/Recipient’s level of authority) to undertake that in the event that their application is approved, the Applicant/Recipient shall perform its obligations under the terms and conditions to be issued by MDEC and the said shareholder and/or authorised director to provide financial support to the Applicant/Recipient to enable the Applicant/Recipient to meet its obligations and/or liabilities under the terms and conditions.]
Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare and disclose if there is any business relationship/family relationship with any of MDEC’s director or employee.
Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare if they are under any litigation or legal proceeding i.e. litigation/legal proceeding relating to criminal offences, offences under any applicable laws, insolvency, or cases related to MDEC.
The Director(s) and shareholder(s) of the Applicant/Recipient shall not owe any amounts to MDEC due to clawback issues from previous grants.
Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare if they are blacklisted by Malaysian authorities (MACC, Bank Negara Malaysia, Securities Commissions Malaysia and MDEC. In the event, the Director(s) and shareholder(s) are blacklisted, the said Applicant/Recipient shall be disqualified
The Applicant/Recipient with common shareholder(s) can only apply for one (1) grant per one (1) project administered by MDEC at any one time (this requirement is not applicable to registered and active venture capital investors, accredited angel investor, registered market operator and government agencies e.g.: Equity Crowdfunding Platforms).
Requirements for Venture Capitals:The venture capitals are(is) required to invest its funds actively within a 10-year timeframe and/or be officially registered with local regulatory authorities.
Requirements for Angel Investors:The angel investor(s) MUST be registered, accredited by local association/body (Malaysian Business Angel Network) and hold less than 20% of equity ownership; or
Individual Angel Investors MUST fully fit into these three (3) criteria:
-Hold less than 20% of equity ownership
-Does(do) not hold any directorship of the company; and
-Non-related party(ies) to the Applicant/Recipient.
8. If Applicant/Recipient previously has received any *MDEC/government grant, the Applicant/Recipient must
Demonstrate the completion of the funded project(s);
Declare any notice of non-compliance/breach being recorded during the period of the funded project(s); and
Past MDEC Grant Recipients can only reapply after one (1) year from the project completion date (grant closure email date) or duration may be determined by the Approval Authority only if required (internal information).
If the Applicant/Recipient currently has an on-going grant with other government agencies, Applicant/Recipient to prove that the project is different (not overlap with the proposed project under MDEC’s grant) and has no non-compliance/breach issues being recorded during the period of the funded project(s) (via a letter from grant awarding entity or equivalent).
*Limited to five (5) years records from the of approval of the respective grant.
10. The Applicant/Recipient must be a Malaysia Digital (MD) or MSC Malaysia status company.
Malaysia Digital Catalyst Grant (MDCG)
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
Type Of Grant:
R&D,Digitalization
Maximum Grant RM1Mil
Status :
Open
OUR OBJECTIVES
The grant will be used solely for the purpose of co-creation, problem-solving, development and commercialisation of innovative solutions with an end-user partner.
To increase the productivity, product/service quality, and business efficiency within Malaysia Digital (MD) promoted sectors.
SPECIFIC CONDITIONS
The Applicant/Recipient is required to meet the following specific condition throughout the project period:
The Applicant/Recipient must not have any relationship with the end-user, including shared ownership, subsidiary companies, or parent companies.
The Recipient shall demonstrate new IP creation and/or project must result in commercial value
GRANT AMOUNT
Local Owned Company
Up to fifty percent (50%) of the total project cost, subject to a ceiling limit of RM1,000,000 whichever is lower.
Project Duration: Up to 1 Year
Majority Foreign Owned Company
Up to thirty percent (30%) of the total project cost, subject to a ceiling limit of RM1,000,000 whichever is lower
Project Duration: Up to 1 Year
Local Owned Company
Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016.
Minimum issued share capital of at least RM50,000.00.
Active and minimum of 51% equity held by Malaysian(s) as per shareholding structure in the SSM.
Majority Foreign Owned Company
Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016.
Active and minimum issued share capital of RM500,000.00.
Other Criteria
In operation for at least one (1) year as of the date of submission.
Not the subject of liquidation/winding up/bankruptcy order and has no going concern issue*.[*If the Applicant/Recipient has going concern issue (as reported in their latest audited account), the Applicant/Recipient is to provide a letter of undertaking by the shareholder and/or authorised director (whichever applicable as per the Applicant/Recipient’s level of authority) to undertake that in the event that their application is approved, the Applicant/Recipient shall perform its obligations under the terms and conditions to be issued by MDEC and the said shareholder and/or authorised director to provide financial support to the Applicant/Recipient to enable the Applicant/Recipient to meet its obligations and/or liabilities under the terms and conditions.]
Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare and disclose if there is any business relationship/family relationship with any of MDEC’s director or employees.
Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare if they are under any litigation or legal proceeding. i.e. litigation/legal proceeding related to criminal offences, offences under any applicable laws, insolvency, or cases related to MDEC.
Director(s) and shareholder(s) of the eligible Applicant to declare if they are blacklisted by Malaysian authorities/enforcement bodies including but not limited to Malaysian Anti-Corruption Commission (MACC), Bank Negara Malaysia (BNM), Securities Commissions Malaysia (SC) and Malaysia Digital Economy Corporation (MDEC). In the event, the Director(s) and shareholder(s) are blacklisted, the said Applicant shall be disqualified.
The Applicant/Recipient with common shareholder(s) can only apply for one (1) grant per one (1) project administered by MDEC at any one time (this requirement is not applicable to registered and active venture capital investors, accredited angel investor, registered market operator and government agencies e.g.: Equity Crowdfunding Platforms).
Requirements for Venture Capitals:
The venture capitals are(is) required to invest its funds actively within a 10-year timeframe and/or be officially registered with local regulatory authorities.
Requirements for Angel Investors:
The angel investor(s) MUST be registered, accredited by local association/body (Malaysian Business Angel Network) and hold less than 20% of equity ownership; or
Individual Angel Investors MUST fully fit into these three (3) criteria:
-Hold less than 20% of equity ownership.
-Does(do) not hold any directorship of the company.
-Non-related party(ies) to the Applicant/Recipient.
If Applicant/Recipient previously has received any MDEC/government grant, the Applicant/Recipient must:
-Demonstrate the completion of the funded project(s); and
-Declare any notice of non-compliance/breach being recorded during the period of the funded project(s).
-Past MDEC Grant Recipients can only reapply after one (1) year from the project completion date (grant closure email date).
If the Applicant/Recipient currently has an on-going grant with other government agencies, Applicant/Recipient to prove that the project is different (not overlap with the proposed project under MDEC’s grant) and has no non-compliance/breach issues being recorded during the period of the funded project(s) (via a letter from grant awarding entity or equivalent).
*Limited to 5 years records from the of approval of the respective Grant.
The Applicant/Recipient must be Malaysia Digital (MD) or MSC Malaysia status company.
The Director(s) and shareholder(s) of the Applicant/Recipient shall not owe any amounts to MDEC due to clawback issues from previous grants.
DIGITAL CONTENT GRANT (DCG)
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
Type Of Grant:
Digitalization
Maximum Grant RM 500K
Status :
Open
Objective
Digital Content Grant (DCG) is the government’s initiative started in 2016 which is designed and created to support local creative content companies in developing, producing, and marketing their digital content in animation, digital games, digital comics and creative technology contents.
To create and develop original works for the Animated Series and Feature Film, Digital Game, Digital Comic and Creative Technology in the digital content industry.
To create sustainable enterprises in terms of job creation (including female empowerment in the workplace), business planning and market expansion.
To develop talents through leveraging on international partners to enhance creative, technical, and human capital competencies locally
To create Malaysian-owned or Malaysian-shared Intellectual Property (IP).
THE MINI GRANT
The grant is aimed to support the development, production and commercialisation of digital content products with the ceiling amount of RM150,000.00.
THE PRIME GRANT
The grant is aimed to support the development, production and commercialisation of digital content products with the ceiling amount of RM500,000.00.
THE MARKETING AND COMMERCIALISATION GRANT
The grant is aimed to commercialise the digital content product with the ceiling amount of RM300,000.00.
ELIGIBLE EXPENSES
Salary - limited to personnel involve directly with the project (excluding Applicant/Recipient's directors, shareholders, C-Level, finance, HR, admin and non-tech personnel Eg: intern, despatch and etc); A Creative Director is allowable and it can be from one of the Director/Shareholder of the company. *Note: Not applicable for non Sdn Bhd
Cost of IT Hardware and IT equipment associated with the development of the project;
Cost of Software associated with the development of the project;
Cost associated to obtain IP protection (eg: patents, trademarks, copyright, other forms of IP Protection, legal and professional services);
Marketing, Commercialisation, Licensing and Distribution cost;
Outsourcing Cost which (i.e. cost incurred by the third party appointed/engaged by the Applicant/Recipient for the development of the Project) not more than 20% from the grant amount requested. To provide the justification if outsourcing outside of Malaysia;
Any cash transaction MUST not exceed RM1,000.00 per invoice. Cash transaction is not applicable for salary and outsourcing; and/or
Any other eligible expenses identified and recommended by GRC and approved by the rightful Approval Committee.
NON-ELIGIBLE EXPENSES
Any form of taxes and duties;
Expenses in obtaining certification & accreditation for professional development;
Maintenance of plant / equipment;
Mobile phones, Camera, Tablets, laptops and personal computer (including additional accessories not part of hardware bundle i.e. additional mouse, cable; printer and other peripherals) for general use;
Furniture and Fittings;
Utilities (phone bills, electricity, internet), printing, office rental, stationaries, secretarial, audit fees;
Travelling expenses which includes mileage, food and beverage and accommodations;
Incentives that support political campaigns and/or of political nature;
Incentives for faith-based activities;
Depreciation costs;
Debts and debt service charges, fines, financial penalties and expenses of litigation;
Bank charges, costs of guarantees and similar charges;
Conversion costs, charges and exchange losses;
Provision for losses or potential future liabilities;
Any expenses or claims, including outsourcing costs incurred by related parties of the Applicant/Recipient for project development, testing and certification.
Credits to third parties; and/or
Any other expenditures non-related to the project.
DOMESTIC INVESTMENT
ACCELERATOR FUND -
ESG ADOPTION
MIDA (Malaysian Investment Development Authority)
Type Of Grant:
Software
Maximum Grant RM500K
Status :
Open
Objective/Activity
The Domestic Investment Accelerator Fund (DIAF) – ESG Adoption is a matching grant for ESG adoption that was introduced to support Malaysian-owned Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in the manufacturing and selected services sectors for the transition into ESG practices.
The grant is given on a matching basis of either 50:50 or 70:30 based on a case-to-case basis with a maximum reimbursable amount of RM500,000 per company.
To facilitate and assist SMEs and MTCs to transition into ESG practices through validation and verification of ESG adoption, certification, disclosures, as well as for the subscription of technology system/ software for the purpose of ESG tracking and data collections;
To ensure Malaysian SMEs and MTCs remain relevant and competitive in the global supply chain and to have the opportunity to be part of the ecosystem for sustainable investment projects; and
To enhance the SMEs' and MTCs’ prospects for ESG-mandated funds from financial institutions, venture capital and private equity firms.
Criteria
The company must be incorporated under the Companies Act, 2016. Effective equity ownership of the company must be at least 51% Malaysians. The company possesses a valid Business Licence from the respective Local Authority.
The companies must engage/ undertake any of the following activities:-
Manufacturing activities where the company must possess a valid Manufacturing Licence (ML) from MITI or the Confirmation Letter for Exemption from ML from MIDA in compliance with the Industrial Coordination Act, 1975; or
Services activities that are governed/ supervised by relevant ministries/ agencies in the following areas: - a) Hotel and Tourism; b) Private Healthcare; c) Private Education; d) Oil & Gas Services; e) Global Establishment - Principal Hub/Global Services Hub; f) R&D Activities; g) Logistics Services; or h) Other Services: - i. Ship Building Ship Repair; ii. Green Technology Project - Business Purpose; iii. Sterilisation Services; iv. Digital Infrastructure; and v. Maintenance, Repair & Overhaul for Aerospace.
The company has been in operation for at least 3 years.
Note: All SMEs and MTCs must be entities registered with the Companies Commission of Malaysia; and