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SMECORP-BAP3

BUSINESS ACCELERATOR PROGRAME (BAP 3.0)

SME Corporation Malaysia

Opening Soon.jpg

Maximum Grant RM400K

Grant Amount :
Type of Grant :

Machinery, Software, E-Commerce , Advertising

Status :

Opening Soon

Agency :

SME Corporation Malaysia

SMECORP-BAP3

Business Accelerator Programme (BAP 3.0) is an integrated assistance programme aimed to enhance the capabilities of small and medium enterprises (SMEs) through business advisory services and financial support. This programme supports a wide range of capability building initiatives to assist SMEs to grow and expand their businesses locally and globally. The grant riven is 50% up to RM400,000


Applicable to all sector


Scope’s of grant:


RM400,000 of Grant covers:

  1. Machinery / Sensor

  2. CRM/ Automation System/ Front-end and back-end System

  3. Retrofitting

  4. Warehousing System


RM50,000 of Grant cover:

  1. E-Commerce


RM200,000 of Grant Covers:

  1. Premise Renovation (for certification requirement only)

  2. Branding & Promotion

  3. Packaging & Product Packaging


APPLICATION OPENING DATES

  • For information, new application for BAP 3.0 will remain closed until further notice.

Criteria

  • At least 60% Malaysian equity

  • Fulfil SME definition

  • Business license from the Local Authority

  • At least 6 months in operation and full time business operator

  • Has undergone or willing to undergo SCORE / M-CORE assessment

  • NOT ELIGIBLE for Public Listed Companies in the Main Board / Secondary Markets / Large Firms, MNCs, GLCs, MoF Inc. & State Owned Enterprises Companies AND their subsidiaries.

  • Annual sales turnover exceeds RM300,000 per year

  • A business taxpayer

  • A minimum paid-up capital of RM30,000.00

  • Cash at banks at least 20% of project value

  • Ratio of local workers: foreigner worker at least 70:30

  • Projects with high value added/ contribution to increased products

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