The Market Development Grant (MDG) is a reimbursable grant offered by MATRADE Malaysia to support small and medium enterprises (SMEs) in their efforts to expand their reach in international markets. This grant provides funding for various activities related to international trade, such as participating in international conferences, joining trade investment missions, and taking part in export acceleration missions. Additionally, the MDG can be used for listing fees for made-in-Malaysia products in supermarkets and retail centres, which can significantly boost the visibility of local products or services on a global scale.
Navigating through the application process for the Market Development Grant (MDG) can be complex and time-consuming. That's where the expertise of the SMI Funding consultant team comes in. We offer comprehensive assistance to ensure your application is properly prepared, including documentation preparation, developing a strong proposal, and training you for effective pitching to relevant officers. Our team works closely with you to ensure your submission stands out and meets all requirements, keeping the process smooth from start to finish. We take care of the entire process, from preparing the necessary documents to the approval stage and funds arrival.
Whether you are looking to introduce your products or services to global markets or participate in international trade events, the Market Development Grant MDG is an invaluable tool for SMEs. SMI Funding understands the importance of these opportunities and works diligently to help businesses like yours secure the funding necessary to reach new markets and grow internationally. Through our support, you can confidently navigate the complex world of international trade and turn your expansion dreams into reality. Let us take the hassle out of the process while you focus on growing your business.
Please click here for official SMI FUNDING Webpage for MDG MATRADE
For further information please contact here
To view available Grants please visit here
To get immediate answer please whatsapp here
Funding:
Maximum Grant up 300K life time
Type of Grant : Export
Status : Open
Agency : MATRADE (Malaysia External Trade Development Corporation)
Facts:
The programme is designed to help the best and highest potential MTCs in Malaysia
Quantitative:
▪ Positive growth in 3 of the past 5 years; ▪ >5% CAGR for the past 5 years
Involved in NKEA or MITI High Impact sectors
At least 60% Malaysian ownership (for listed companies, traceable ownership of Top 20 shareholders)
Not a subsidiary of a company with revenues of more than RM 500 million
Qualitative:
Innovative, sustainable and scalable business model
Important:
When small and medium companies (SMEs) or organizations engage in export promotion efforts, they may be eligible to receive a reimbursable grant from the Malaysian External Trade Development Corporation (MATRADE) called the Market Development Grant (MDG).
Please click here for official SMI FUNDING Webpage for MDG MATRADE
For further information please contact here
To view available Grants please visit here
To get immediate answer please whatsapp here
The MDG's application process and flexible eligibility criteria make it an ideal platform for your company's expansion and growth:
To overcome capital restrictions and fuel strategic efforts like expansion, technology adoption, and research & development, funding and grants play a crucial role in the growth drivers for small and medium companies (SMEs) in Malaysia. Your company can invest in expansion without draining working capital or depending on bank loans with the help of these resources. But there's also the Market Development Grant (MDG) if you're only interested in getting money to promote your items, either domestically or abroad.
Objectives:
Enterprise development:
The grant plays a critical role in assisting Malaysian businesses in their quest for expansion by providing them with tailored assistance and incentives to showcase their wares at global trade shows.
Assistance Programs:
This program helps your company save money by allowing it to investigate potential new markets without having to take out loans from traditional banks.
Global Outreach:
The award helps small and medium-sized enterprises (SMEs) in Malaysia go from being regional to global challengers by giving them funding, guidance, and new ideas. These things might be a part of your strategy for regional expansion, help diversify the economy, and make you more competitive.
Funding allocation and scope:
Two main categories are eligible for a business's expenses to be covered. Below are the examples further elaborated:
1. Physical Events:
Attendance in international trade shows and exhibits held in Malaysia or abroad
Being a part of a Trade and Investment Mission or an Export Acceleration Mission
Travel to and attendance at foreign conferences Product Listing Fees for Foreign Supermarkets, Hypermarkets, Shopping Centers, and Boutiques
2. Virtual Events:
Taking Part in Online Global Trade Shows in Malaysia and Other Countries
A role in virtual trade investment missions and business-to-business (B2B) meetings focusing on boosting exports
Please click here for official SMI FUNDING Webpage for MDG MATRADE
For further information please contact here
To view available Grants please visit here
To get immediate answer please whatsapp here
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