REVENUE GROWTH-DOMESTIC INVESTMENT ACCELERATOR FUND-MALAYSIA

The Domestic Investment Accelerator Fund (DIAF) is a government resourcefulness designed to support Malaysian SMEs and MTCs in the adoption of Environmental, Social, and Governance (ESG) performs. The fund is specifically embattled at Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in the manufacturing and selected services sectors.

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The goalmouth of the DIAF ESG adoption is to inspire these Malaysian SMEs and MTCs to transition into more justifiable and socially liable business practices, safeguarding that companies affiliate with global values of ESG performance.

The DIAF ESG grant works as a matching grant, with funding provided on a 50:50 or 70:30 based structure depending on the specific case. The grant propositions a maximum reimbursable amount of RM500,000 per company, subject to the availability of funds. This funding scheme is considered to ease the financial burden on companies undertaking the shift towards ESG practices, certifying that they have the necessary resources to invest in sustainability efforts, technological upgrades, and process perfections.

Discover How SMI Funding Simplifies The Matching Grant Process Effortlessly

This is where SMI Funding stands out as the leading financial advisory. SMI Funding has extensive expertise in handling the matching grant process, from preparing the necessary documentation to submitting applications and ensuring smooth coordination between various departments until approval and disbursements are complete. With their in-depth understanding of the DIAF ESG adoption process, SMI Funding guarantees that your application is processed efficiently, giving your company the best chance to receive the fund DIAF ESG adoption and take the leap towards becoming a more sustainable and responsible business. Whether your company is a small and medium enterprise or a mid-tier company, SMI Funding ensures that you navigate the process with ease, helping you maximize the potential of this invaluable financial support.

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How MIDA Transforms Investment Processes For Malaysian Companies

One of the main agencies behindhand the implementation of this program is the Malaysian Investment Development Authority (MIDA), which is responsible for overseeing the investment accelerator fund DIAF. MIDA has been instrumental in driving the growth and development of Malaysian SMEs and MTCs, and the Investment Development Authority ensures that the process is rationalized and transparent. For companies applying for the DIAF ESG adoption, the application process can be multifaceted, requiring careful documentation and efficient coordination across diverse departments

ELIGIBLE EXPENDITURES

Qualifying spending count on expense related to the adoption of ESG practices through the following activities:

• Validation and verification and/or certification expenses for ESG adoption and/or carbon emission and ESG disclosures; and

• 1st year subscription of system and/ or software for data collection and tracking of ESG adoption and/ or GHG emissions.