IMMIGRATION PROCEDURES
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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.
CRADLE INVESTMENT PROGRAMME SPRINT (CIP SPRINT)
Cradle Fund Sdn bhd (CIP Sprint is a Conditional Convertible Commercialization Grant.)
Type Of Grant:
Commercialization
Maximum Grant RM600K
Status :
Open
Objective/Activity
CIP SPRINT is a grant of up to RM600,000 for a maximum duration of eighteen (18) months, covers the commercialization of tech and covers SMEs. It is a funding in the form of a conditional grant to assist entrepreneurs to fund their technology based business venture. Upon receiving the fund, the CIP SPRINT recipients are supported with business networking opportunities and other value-add services which will help nurture, develop and prepare them with business model development, market validation skill and market access.
CIP SPRINT is open to companies.CIP SPRINT accepts application from companies to cover for expenses such as product enhancement, market access, market expansion and others.CIP SPRINT is disbursed to recipients via advance payment and reimbursement basisCIP SPRINT is a conditional grant, whereby one of the conditions, is that recipients are subject to pay back for the amount that has been disbursed, in the event of of termination and other terms as stated in the funding agreement.
Criteria
APPLY AS SDN BHD (INCLUDING UNIVERSITY & RESEARCH INSTITUTE SPIN-OFFS AND SMES)
Company must less than 7 years old
Company's Revenue must not exxceed RM5 Million
No other company hold 25% or more of shareholding in your company
Majority Employees must be Malaysians (For < 51% Malaysian Owned)
Must have IP rights (Include University & Reseach Institute Spin-Offs)
Documents requested
You will need to submit your pitch deck based on the template provided. There are other documents for the purpose of the verification of eligibility, however these will only be required once your application has been shortlisted.
It will take around two (2) months from pitching to approval stag
CRADLE INVESTMENT PROGRAMME SPARKS (CIP SPARKS)
Cradle Fund Sdn bhd (CIP Spark is a Conditional Development / Pre-Seed Grant to fund.)
Type Of Grant:
R&D
Maximum Grant RM150K
Status :
Open
CIP SPARK is a grant of up to RM150,000 for a maximum duration of eighteen (18) months, covers the development and pre-commercialization of for technology start-ups. It is a funding in the form of a conditional grant to assist early-stage entrepreneurs to develop and commercialize their product. Upon receiving the fund, the CIP SPARK recipients are supported with business networking opportunities and other value-add services which will help nurture, develop and prepare them with business model development, market validation skill and market access.
CIP SPARK is open to both companies and individuals.CIP SPARK accepts applications from various stages from ideation, prototype development, product enhancement.CIP SPARK is disbursed to recipients via advance payment beginning of every milestone and reimbursement basis.CIP SPARK is a conditional grant, whereby one of the conditions, is that recipients are subject to pay back the amount disbursed in case of termination and other terms as stated in the funding agreement.
Criteria
APPLY AS INDIVIDUAL (MINIMUM GROUP OF 2 PAX)
Malaysians
Non- Malaysians Residing in Malaysia
APPLY AS PLT, ENT AND SDN BHD
Company Must Be Less Than 5 Years
Company's Revenue Must Not Exceed RM3 Million
No other Company holds 25% or More shareholding in your company
Majority Employees Must Be Malaysian (For < 51% Malaysian Owned)
Must Own IP Right (including University & Reseach Institute Spin-Offs)
Documents requested
You will need to submit your pitch deck based on the template provided. There are other documents for the purpose of the verification of eligibility, however these will only be required once your application has been shortlisted.
It will take around two (2) months from pitching to approval stage
NATIONAL TECHNOLOGY AND INNOVATION SANDBOX (NTIS)
Mosti (Minister of Science, Technology and Innovation)
Type Of Grant:
R&D
Maximun RM4Mil
Status :
Open
Objective/Activity
NTIS is a facility that allows researchers, innovators, startups and high-tech entrepreneurs to test their products, services, business models and delivery mechanisms in a live environment.
Target Sectors
Opens to technologies, products, solutions and R&D for these prioritised sectors as below:
Medical and Healthcare Technology.
Manufacturing
Agriculture
Travel & Tourism
Education
Focused Technologies
It is open to all technologies, with priority given to the followings:
1. 5G/6G2. Sensor Tech3. 4d/5d printing4. Advanced Material 5. Advanced Intelligent Systems6. Augmented Analytics & Data Recovery7. Blockchain 8. Neuro Tech 9. Bioscience Tech10. Robotic11. Manufacturing Tech12. Electrical & Electronics13. Cybersecurity & Encryption14. Drones
Criteria
Malaysian individuals or Malaysian-owned companies. The primary applicant must be a Malaysian citizen above 18 years old and residing in Malaysia.
Foreign companies - JV plans / incorporation of Malaysian-owned entity upon approval of application
Technology Readiness Level (TRL) of 6 (Commercial Ready Prototype) and above
Have proof of technology ownership / permission to use the technology
Problems & Issues relating to market access / regulation
Financing schemes
4 types of funding schemes are available under NTIS:
Single Site Sandbox – Maximum financing amount of RM250,000 in Full Grant to fund a single site sandbox solution
Multi-Site Sandbox – Maximum financing amount of RM500,000 in the form of a Partial Grant (70%) to fund multiple site sandbox solutions
Commercialisation – Maximum financing of RM4 million in the form of a Hybrid Fund; Grants and Convertible Promissory Notes to finance the commercialisation of the sandbox solution
Matching fund with investors/corporates – Maximum allocation of RM15 million as a matching fund with investors and corporate companies. The financing instrument will be subject to agreement between MTDC and the participating investors and corporates
MARKET DEVELOPMENT GRANT
MATRADE (Malaysia External Trade Development Corporation)
Type Of Grant:
Export
Maximum Grant up 300K life time
Status :
Open
Objective/Activity
The Market Development Grant (MDG) is a support initiative in the form of a reimbursable grant. MDG was introduced in 2002 with the objective of assisting exporters in their efforts to promote Malaysian made products or services globally. The lifetime limit of MDG is RM300,000 and it is specifically formulated for Malaysian SME Companies, Professional Service Providers, Trade and Industry Associations, Chambers of Commerce, Professional Bodies and Co-operatives.
[Note: MDG reimbursements are subject to the availability of the government funds]
What activities are eligible for grant funding?
Physical Events
Participation in International Trade Fairs or Exhibitions held in Malaysia/Overseas
Participation in Trade & Investment Missions (TIM) or Export Acceleration Missions (EAM)
Participation in International Conferences Held Overseas
Listing Fees for Made in Malaysia Products in Supermarkets or Hypermarkets or Retail Centres or Boutique Outlets Located Overseas
Virtual Events
Participation in Virtual International Trade Fairs In Malaysia Or Overseas
Participation In Business To Business (B2B) Meetings Related To Virtual Trade Investment Missions And Export Acceleration Missions
Criteria
Incorporated under Companies Act 1965
At least 60% Malaysian equity
In operation at least 1 year
Not government link companies
Register with Matrade
Exporting Malaysia Product / Service
Must Be Malaysian Brand (Made in Malaysia)
Maximum RM300,000
Who is eligible to claim for MDG? (please refer to MDG Guidelines)
Small And Medium Enterprises (SMEs)
Professional Service Providers (Sole Proprietor Or Partnership)
Trade & Industry Associations, Chambers Of Commerce Or Professional Bodies
Co-operatives
INDUSTRY4WRD INTERVENTION FUND
MIDA (Malaysian Investment Development Fund)
Type Of Grant:
Software, Training
Combine Maximum RM500k
Status :
Closed
Objective/Activity
Industry4WRD Readiness Assessment (Industry4WRD-RA) is a comprehensive programme to help firm assess their capabilities and readiness to adopt Industry 4.0 technologies and processes. The assessment uses a pre-determined set of indicators to understand their present capabilities and gaps, from which will enable firms to prepare to prepare feasible strategies and plans to move towards Industry 4.0. The Industry4WRD-RA will help firms to:
Determine their state of readiness in the adoption of Industry 4.0 technologies
Identify the gaps and areas of improvement for Industry 4.0 adoption as well as opportunities for productivity improvement and growth and
Develop feasible strategies and plans to perform outcome-based intervention projects
Criteria
Incorporated under Companies Act 1965
Only for SME Company
At least 60% Malaysian equity
Obtain Manufacturing License & Business License
Grant of maximum RM 500,000 (70% Matching) if success or; Tax deduction of RM27,000 if not success. Can go for Industry4WRD Domestic Investment Strategic Fund (DISF) provides matching grant in the form of 60:40 ratio maximum up to RM 5mil grant