BUILDING DIGITAL COMPANIES
The favourable provisions for digital adoption set out in the 2020 Budget denotes the government is actively encouraging more local businesses to move rapidly into the technology sphere.
The Government will provide a 50% matching grant of up to RM5,000 per company for the subscription of the above services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to digitalise their business operation..
Strategic Collaboration Efforts
The government through Ministry of Finance (MOF) is working together with Bank Simpanan Nasional, SME Bank and Malaysia Digital Economy Corporation (MDEC) in managing the grant to eligible Small & Medium Enterprises (SMEs) to adopt digitalisation in daily operations.
7 Digitalisation Areas
The Government has identified 7 Key Digitalisation Areas that should be adopted by SMEs.
DIGITAL MARKETING &/SALES
ELECTRONIC POINT OF SALES (e-POS) SYSTEM
HR PAYROLL SYSTEM/CRM
PROCUREMENT
ECOMMERCE
REMOTE WORKING
ERP/ACCOUNTING & TAX
SMEs Eligibility
In order to further develop Malaysia’s digital adoption ecosystem, we’ve set out key strategic initiatives that would guide us in our actions.
Check out the Application Guidelines
CLICK HERETRANSFORM YOUR BUSINESS TODAY
Get your Matching Grant up to RM 5,000 with SME Digitalisation Initiative
Apply NowBE A PART OF THE TECHNOLOGY SOLUTION PROVIDERS
Technology Solution Providers (TSPs) are local technology companies identified to support Malaysian SMEs in digital adoption under the SME Business Digitalisation Grant
APPLY NOWLIST OF TECHNOLOGY SOLUTION PROVIDERS
VIEW FREQUENTLY ASKED QUESTIONS (FAQ)
IMPORTANT DATE
SEPTEMBER
SUBMISSION CLOSING DATE:
30 SEPT 2020
PRESENTATION TO GRANT COMMITTEE: 23 OCT 2020
OCTOBER
SUBMISSION CLOSING DATE:
30 OCT 2020
PRESENTATION TO GRANT COMMITTEE: 23 NOV 2020
NOVEMBER
SUBMISSION CLOSING DATE:
30 NOV 2020
PRESENTATION TO GRANT COMMITTEE: 23 DEC 2020
DECEMBER
SUBMISSION CLOSING DATE: 30 DEC 2020
PRESENTATION TO GRANT COMMITTEE: 23 JAN 2020
Note: There might be some minor changes on the dates above.
Application for SME Business Digitalisation Grant & Technology Solution Providers
APPLICATION FOR SME BUSINESS DIGITALISATION GRANT
Introduction
- SME business digitalisation grant was announced by the Ministry of Finance under the 2020 Budget to support SMEs to adopt digitalisation measures for their operations.
7 Digitalisation Areas
- Digital Marketing / Sales
- Electronic point of sales (e-POS) system
- HR payroll system / CRM
- Procurement
- ERP / Accounting & Tax
- E commerce
- Remote Working
SMEs Eligibility
- The company is at least 60% owned by Malaysian.
- The company registered under the relevant laws of Malaysia
- The SME has been in operation for atleast one (1) year
- Company operation in one (1) year, company required to have a minimum annual sales turnover of RM 100,000
- Company operation > two(2) years, company required to have a minimum annual sales turnover of RM 50,000 (preceding two (2) consecutive years).
AN OPEN INVITATION TO APPLY TO BECOME A TECHNOLOGY SOLUTION PROVIDER UNDER THE SME BUSINESS DIGITALISATION GRANT
Introduction
- SME business digitalisation grant was announced by the Ministry of Finance under the 2020 Budget to support SMEs to adopt digitalisation measures for their operations.
Seeking Technology Solution Providers in the following digitalisation areas
- Digital Marketing / Sales
- Electronic point of sales (e-POS) system
- HR payroll system / CRM
- Procurement
- ERP / Accounting & Tax
- E-commerce
- Remote Working
TSPs are Partners to National Digital Adoption Agenda
- Opportunity to be part of key digitalisation efforts by government as trusted partners
- Added advantage as part of TSPs overall offerings to potential customers
- A platform for TSPs to promote its capability via an umbrella promotional campaign
- Support from MDEC and partners on TSPs own awareness efforts
- Channel to share views and suggestions with regards to digitalisation to MDEC, BSN and SME Bank and MoF
Who is eligible to apply?
- Company incorporated under the laws of Malaysia;
- Must be at least 51% owned by Malaysians;
- Must have paid-up capital of at least RM50,000.00;
- Must have successfully deployed the digital solutions in any one of the 7 Digitalisation Areas; and
- Must have successfully deployed the digital solutions in any one or more of the 7 Digitalisation areas to at least 100 enterprises in total.