BORANG PERMOHONAN SME CORP

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GRANT FOR UPGRADING OF SMEs CAPABILITIES

OBJECTIVE:

The Scheme provides financial assistance for SMEs to start-up their businesses as well as... (More) GRANT FOR UPGRADING OF SMEs CAPABILITIES

OBJECTIVE:

The Scheme provides financial assistance for SMEs to start-up their businesses as well as to enhance their capability in developing products, upgrading processes, acquiring certification and quality management system, improving of packaging and undertaking promotion and marketing.

SECTOR COVERAGE*:

Manufacturing;
Manufacturing related services;
Services; and
Processing of Agricultural Produce.
*Except for businesses that promote immoral activities and encourage betting activities which include pubs, nightclubs, discotheques, massage parlours, gambling shop and liquor & tobacco businesses.

QUALIFYING CRITERIA

• Companies or enterprises incorporated under the:

Companies Act 1965;
Registration of Businesses Act 1956 (amended 2001); or
Registered with Professional Regulatory Bodies.
• Fulfil the definition of SME:

Services

-Annual sales turnover of not exceeding RM5 million or full-time employees not exceeding 50.
Manufacturing, Manufacturing related services and Agro-based

-Annual sales turnover of not exceeding RM25 million or full-time employees not exceeding 150.
• At least 60 per cent equity held by Malaysians.

• Possess valid premise/business license.

FORM OF ASSISTANCE

Assistance is given in the form of a matching grant where 50 per cent of the approved project cost is borne by the Government and the remainder by the applicant;
For enterprises in the manufacturing sectors incorporated under the Registration of Businesses Act 1956 (amended 2001), assistance is given up to 80 per cent of the approved cost. However, this flexibility applies for a period of 3 years from the date of first approval enterprises are expected to upgrade their businesses to Sdn. Bhd.
ELIGIBLE EXPENSES

A. Business Start-ups

• Only available for companies in operation less than 12 months

Eligible Expenses

1. Preparation of Business Planning / Related Feasibility Studies. Service providers must be registered with:

Ministry of Finance; OR
Malaysia Institute of Accountants (MIA)
2. Rental of incubators and business premises up to 24 months

Only for incubators under government agencies, Technology Parks and Economic Corridor Regions
Not Applicable for sub-let, branches, virtual offices, land / area, temporarily building, canteen
3. Purchase of basic office equipment and related machinery

Excluding infrastructures, renovations, fixtures & fittings, notebook
4. Rental of equipment and machinery (only for incubators)

5. Monthly subscriptions of business package broadband (only for one year)

6. Development of prototype

7. Product sample and testing

B. Upgrading of Product, Processes and Services

• For development of new products and services and improvement upgrading of existing products and services, product design and processes

Not Applicable for the setting up of new plant / premise
Application must be submitted before commencement of the project
Eligible Expenses

1. Technology Feasibility Studies

Service providers must be registered with:

Ministry of Finance; OR
Professional Bodies (i.e Board of Engineers Malaysia (BEM), Institute of Engineers Malaysia (IEM), Persatuan Arkitek Malaysia (PAM))
2. Fees for technology transfer

Only for original technology owner
Not Applicable for royalty fees / annual subscription costs
3. Development of prototypes and system design

4. Prototype Product testing including type test of the prototype and purchase of testing equipment

5. Initial patent registration/patent search/ IP Protection

Allowable for registration in three countries including Malaysia
6. Testing machine and equipment calibration

7. Development and designing of mould and die

8. Purchase of machinery and equipment

Capping of grant RM200,000.00
Used machine must not exceed five years from manufacturing date
9. Purchase of software and hardware related to system development

10 (Less)