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SAG

MADANI Smart Automation Grant (SAG MADANI)

MIDA (Malaysian Investment Development Authority)

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Maximum Grant RM1Mil

Grant Amount :
Type of Grant :

Machinery

Status :

Closed

Agency :

MIDA (Malaysian Investment Development Authority)

SAG

Objective/Activity

The MADANI Smart Automation Grant (SAG MADANI) was introduced under the MADANI Economy initiatives in August 2023.


Under the SAG MADANI scheme, the Government has allocated RM100 million.


The SAG MADANI will be provided on a matching basis (70:30) based for eligible expenditures, with a maximum grant of Ringgit Malaysia One Million (RM1,000,000) per company.


a) Supporting and assisting Micro, Small and Medium Enterprises (MSMEs) to automate and digitalise their operations and production processes.
b) Enhancing productivity and efficiency in the manufacturing and service sectors.
c) Creating employment opportunities in high-value-added sectors.
d) Stimulating domestic investment



EFFECTIVE DATE OF APPLICATION

Applications received by the Malaysian Investment Development Authority (MIDA) from 10 November 2023 until 31 December 2023 will be eligible for consideration for this grant.

Criteria

The company must engage in the following activities:

  • Incorporated under the Companies Act, 2016

  • Effective equity of the company must be at least 51% owned by Malaysians

  • The company possesses a valid Business Licence from a Local Authority

  • Grant of maximum amount up to RM 1,000,000 with 70% matching grant

  • The company has been in operation for at least 3 years

  • The company must engage in the following activities: Manufacturing activity and. Services activities

  • Eligible for MSMEs

  • The company must meet at least two (2) of the Committed Deliverables


The company must engage in the following activities: 


i. Manufacturing activity in compliance with the Industrial Co-ordination Act, 1975; 

OR

ii. Services activities that is governed/supervised by relevant ministries/agencies in the following area: 

  • Hotel and Tourism; 

  • Private Healthcare; 

  • Private Education;

  • Oil & Gas Services; 

  • Global Establishment 

  • Principal Hub/Global Services Hub;

  • R&D Activities;

  • Logistics Services; or 

  • Other Services 

-Ship Building Ship Repair

-Green Technology Project -Business Purpose  

-Sterilisation Services  

-Digital Infrastructure 

-Maintenance, Repair & Overhaul for Aerospace

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