The Investment Accelerator Fund (DIAF), managed by the Malaysian Investment Development Authority (MIDA), aims to assist Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in implementing ESG practices. SMI FUNDING's consultant assists in organizing documents, proposal, process till approval
Please visit here to view more details
Please visit here to view Grant
Please visit here to view Loans
Please click here for immediate response
Through the Domestic Investment Accelerator Fund, eligible businesses can receive a matching grant of up to RM500,000 per company to support their ESG transition. Approval is subject to government funding availability and applicable policies, ensuring SMEs and MTCs remain competitive in sustainable investments.
Please visit here to view Grant
Please visit here to view Loans
Please click here for immediate response
Overview
The Domestic Investment Accelerator Fund (DIAF) is a matching grant designed to support Malaysian-owned Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in the manufacturing and selected services sectors in adopting Environmental, Social, and Governance (ESG) practices.
1.2 Grant Structure
The DIAF ESG grant operates on a matching basis, either 50:50 or 70:30, depending on individual case evaluations. The maximum reimbursable amount per company is RM500,000, subject to fund availability.
1.3 Objectives
The grant aims to:
1.3.1 Facilitate and support SMEs and MTCs in their ESG transition by enabling validation, verification, certification, disclosures, and subscription to technology systems or software for ESG tracking and data collection.
1.3.2 Ensure Malaysian SMEs and MTCs remain competitive in the global supply chain and gain access to sustainable investment ecosystems.
1.3.3 Strengthen SMEs' and MTCs’ eligibility for ESG-focused financing from financial institutions, venture capitalists, and private equity firms.
Please visit here to view Grant
Please visit here to view Loans
Please click here for immediate response
Please visit here to view Grant
Please visit here to view Loans
Please click here for immediate response
2. Effective Date of Application
Applications submitted to the Malaysian Investment Development Authority (MIDA) from April 24, 2024, onwards will be considered for this grant. However, approval is subject to the availability of funds, government allocation, and the prevailing policies in effect.
3. Eligible Expenditures
3.1 The grant covers expenditures incurred for ESG adoption, specifically for the following activities:
3.1.1 Expenses related to validation, verification, and/or certification of ESG adoption, carbon emissions tracking, and ESG disclosures.
3.1.2 Costs for the first-year subscription of systems and/or software used for data collection and tracking of ESG adoption and/or greenhouse gas (GHG) emissions.
Please visit here to view Grant
Please visit here to view Loans
Please click here for immediate response
Non-Eligible Expenditures
The following expenses are not covered under the grant:
a) Costs related to staff training and capacity building.
b) Purchase or rental of land, buildings, offices, vehicles, or furniture.
c) Expenses for renting or purchasing automation machinery, equipment, refurbishments, or retrofitting.
d) Maintenance and repair costs, including premises renovation.
e) Employee wages.
f) Employee benefits programs.
g) Legal fees and stamp duty charges.
h) Insurance costs.
i) Collateral, loans, and interest payments.
j) Office-related expenses, including general-purpose computers, peripherals, and mobile phones.
k) Utility bills.
l) Research and development (R&D) expenses.
m) Advertising and marketing costs.
n) Any general items or expenses that are not explicitly related to approved training and/or certification projects.
Please visit here to view Grant
Please visit here to view Loans
Please click here for more information
Comments