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SME Corp BAP 3.0 is 50% Matching Grant

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 given is 50% up to RM400,000

Important note:

  • Applications can only be made via online** 

  • It is compulsory to obtain SME Status Certification. Please apply here [click]

  • It is recommended to apply for SCORE [click] when applying for this assistance

 

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Application Period:

  • For information, new application for BAP 3.0 will reopen on 4 March 2024 to 31 March 2024, be prepare your SME Status now.

  • Application will be opening soon through MyBPI 

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Disclaimer: Acceptance of the applications depends on the balance of the funds    

Scope’s of grant:

 

Mix and match RM400,000 of Grant

 

Project Scope

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  1. Acquisition of Machinery & Equipment (Productivity & Automation)

  2. ICT Adoption & E-Commerce

  3. ESG (Environment, Social & Governance) Adoption

  4. Product Certification

  5. Advertising & Promotion (limited to RM50,000 only)

 

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Qualifying Condition:

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Undergo SEM Status Certification

Fullfill SME Definition

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  • Annual sales turnover exceeds RM300k per year

  • At least 60% local equity

  • Valid Business Premises Licenses from Local Authorities

  • At least 12 months in operations

  • Undergone or willing to undergo SCORE / MCORE assessment (Min 2 star to apply)

  • Majority / common shareholders in 2 or more companies are only eligible to submit 1 application

  •  Companies that have received BAP 3.0 grants in 2021 and 2022 are not eligible to apply

  •  The same project that has been approved under any other SME Corp. Malaysia programmes is not eligible

  • Open to all economic sectors EXCEPT sectors related to primary agriculture, financial, insurance, real estate, and securities trading sectors (priority will be given to high growth industries)

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Priority Criteria:

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A business taxpayer

A minimum paid-up capital of RM30,000.00

Cash at banks at least 30% of project value

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

Projects with high value added/ contribution to increased products

Maximum Project of 12 Months and open to project that implemented since 1 June 2023

 

PROCESSING FEE

* Processing fee of RM500 for SME

* Processing fee of RM300 for Micro total cost is allowed to be paid directly to the supplier.

(imposed after the applicationis approved)

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APPLICATION OPENING MONTHS

  • 4 march 2024 to 31 march 2024

The following is a list of documents that need to be prepared to be uploaded for the Business Accelerator Program (BAP) application.

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  1. Valid PMKS Status Statement Certificate

  2. SSM Superform Document (Core Form) / SSM Company Profile Document (company establishment information, equity ownership name)

  3. Audited financial statements / management accounts for the past 3 years

  4. Valid Business Premises License from the Local Authority (PBT) / Exemption Letter by PBT / Incubator Confirmation Letter; or â–ª Business, Profession & Trade Licensing Ordinance (only for Sabah and Sarawak); or â–ª Certificate of Registration with Professional Bodies OR Approval from the Authority (if relevant). Examples: Lawyers, Doctors, Accountants, etc.

  5. Bank statement for the last 3 months

  6. Information document with pictures of premises and products using the format provided

  7. Latest EPF Contribution Statement.

  8. Documents Related to Selected Suppliers.

  9. Receipt proof of payment if the project has been paid/implemented before the application (if relevant)

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