A critical part of Pelan Jana Semula Ekonomi Negara (PENJANA), the #SMART Automation Grant (SAG) is a matching grant for services companies.

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SMEs and mid- tier companies in the services sector are now able to kickstart their digital adoption journey and increase their digital capabilities to continue striving forward in this new norm.

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Type of Cmapany
Natural of Business
Sales a Year
Company Registered How Long (Year)
Propose of Grant
Cost of the project (RM)
Malaysian shareholder

Objectives
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  • This is a specific matching grant for services companies that will help them automate their business processes and move towards digitalisation.

  • The grant will be used solely for the purpose of kickstarting the development and implementation of projects that push the adoption of technologies to automate business operations.

 
Financing amount (max)
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Each successful application will receive up to 50% of the total project cost, subject to a ceiling limit up to RM200,000 or, whichever is the lowest, through this matching grant.

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EXPECTED PROJECT OUTCOMES

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This matching grant is intended to assist services companies embarking on automation to achieve one of these outcomes:

 

  • Increase in revenue

  • Savings in business cost

  • Reduction of process time cycle

  • Reduce man hours

  • Create new sources of growth

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Purpose of Financing

 

SAG is matching grant for services companies to automate their business processes and move towards digitalisation.

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The eligible expenses are the approved project costs that are critical to the project success.

 

Expenses include:

 

  • Cost of IT Hardware or IT equipment

  • Cost of Software associated

  • License fee

  • Process redesign

  • Testing and certification costs associated with the development of the project.

  • Training costs associated to the project

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Eligibility criteria​
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  • Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016.

  • Has an issued and paid up capital of at least RM50,000

  • Has a minimum of 51% equity held by Malaysian(s)

  • Not be the subject of a liquidation / winding up order

  • Has no going concern issue and/or not dormant and

  • Has entered into a written contract or a committed arrangement technology partner for the development and implementation of the project

  • If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project/s

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Application procedure
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This matching grant can be applied through:

  • Specific digitalisation programmes under MDEC’s Business Digital Adoption Division; or

  • Direct online Application