SME BUSINESS DIGITALISATION GRANT

BELANJAWAN 2020

SME BUSINESS DIGITALISATION GRANT

Yea Business falls under the Technology Service Provider (TSP) category created by Malaysia Digital Economy Corporation (MDEC) to support Small-to-Medium Enterprise (SMEs) digitalise.

 

In conjunction with Budget 2020, BSN has been appointed by the Ministry of Finance (MOF) to become the key mover in providing matching grants for SMEs to help improve digitally and move them more effectively and rapidly into the technology ‘bubble’.

 

The Government will provide a 50% matching grant or a maximum of RM 5,000 from the total invoice amount for each SME that is participating and are eligible. Each SME will be eligible to subscribe to three out of five digital services, and this grant will only be provided to the first 100,000 participants applying to upgrade their systems.

WHO IS ELIGIBLE?

The SME is at least 60% owned by Malaysian individually.

The SME is registered under the relevant laws of Malaysia and Classified as SME.

The SME has been in operation for at least one(1) year with minimum annual sales turnover(refer to the table below.

A TRANSFORMATIVE AGENCY PARTNER WITH CREATIVE SPARK.

We look more like a modern management consultancy solving major problems for businesses. From marketing strategy and web experience to lead generation.

GRANT APPLICATION

SMEs interested to apply the grant can fill out the form provided by BSN here. Only the SME is authorised to complete and submit the application form with the relevant supporting documents to any of the Banks’ branches or via company official email.

REQUIRED DOCUMENTS

  • Completed SME Digitalisation Initiative Application Form.

  • Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), whichever is applicable.

  • Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016).

  • Audited financial statement for the last financial year and the latest management account. (if any) or evidences of sales turnover (if any).

  • Company's bank statement for the last two (2) months.

  • Company's profile (if any).

  • Invoice/billing and service agreement from authorized vendor listed by MDEC.

  • Any other information and documents as and when required by the bank.

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