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5K

SME BUSINESS DIGITALIZATION

MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)

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Maximum Grant RM5k

Grant Amount :
Type of Grant :

Digitalization, Software

Status :

Closed

Agency :

MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)

5K

Objective/Activity


The favourable provisions for digital adoption set out in the 2020 Budget denotes the government is actively encouraging more local businesses to move rapidly into the technology sphere.


The Government will provide a 50% matching grant of up to RM5,000 per company for the subscription of the above services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to digitalise their business operation..


Eligibility

  • Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia

  • Owned by at least 60% of Malaysian

  • Operating for at least six (6) months

  • Has minimum average annual sales turnover of RM50,000

  • Must not received  previous Digitalization Matching Grants

  • Must be registered with SSM, PBT and SKM

SSM - Companies Commission of Malaysia PBT - Local Authorities SKM - Malaysia Co-operative Societies Commission

  • Wide range of digitalisation areas:
    Electronic Point of Sale System (e-POS)
    Human Resource Payroll System (HR) / Customer Relationship Management (CRM)
    Digital Marketing / Sales
    Procurement
    Enterprise Resource Planning (ERP) / Accounting & Taxation
    Remote Working
    e-Commerce

Required Document

  • Identification: Copy of identity card or passport of director(s) / partner(s) / proprietor(s), whichever is applicable.

  • Business License: Business registration documents / SSM business profile / SKM registration docs.

  • Financial Document: Latest audited accounts, management accounts, or latest two-month bank statements.

  • Invoice: Invoice / quotation issued by Digitalization Partners.

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