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MDEC-SAG

MDEC SAG (Smart Automation Grant)

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

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Maximum Grant RM200,000

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Grant Amount :
Type of Grant :

Digitalization, Software

Status :

Closed

Agency :

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

MDEC-SAG

Introduction

A critical part of Pelan Jana Semula Ekonomi Negara (PENJANA), the SMART Automation Grant (SAG) is a matching grant for services companies.


SMEs and mid- tier companies in the services sector are now able to kickstart their digital adoption journey and increase their digital capabilities to continue striving forward in this new norm.


Objectives


  • This is a specific matching grant for services companies that will help them automate their business processes and move towards digitalisation.

  • The grant will be used solely for the purpose of kickstarting the development and implementation of projects that push the adoption of technologies to automate business operations.


Financing amount (max)


Each successful application will receive up to 50% of the total project cost, subject to a ceiling limit up to RM200,000 or, whichever is the lowest, through this matching grant.


EXPECTED PROJECT OUTCOMES


This matching grant is intended to assist services companies embarking on automation to achieve one of these outcomes:

  • Increase in revenue

  • Savings in business cost

  • Reduction of process time cycle

  • Reduce man hours

  • Create new sources of growth

Purpose of Financing

SAG is matching grant for services companies to automate their business processes and move towards digitalisation.


The eligible expenses are the approved project costs that are critical to the project success.

Expenses include:

  • Cost of IT Hardware or IT equipment

  • Cost of Software associated

  • License fee

  • Process redesign

  • Testing and certification costs associated with the development of the project.

  • Training costs associated to the project

Eligibility criteria

  • Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016.

  • Has an issued and paid up capital of at least RM50,000

  • Has a minimum of 51% equity held by Malaysian(s)

  • Not be the subject of a liquidation / winding up order

  • Has no going concern issue and/or not dormant and

  • Has entered into a written contract or a committed arrangement technology partner for the development and implementation of the project

  • If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded projects


Application procedure

This matching grant can be applied through:

  • Specific digitalisation programmes under MDEC’s Business Digital Adoption Division; or

  • Direct online Application

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