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Matching Grant for Product And Process Improvement
Short write-up
This scheme provides assistance to SMEs for improvement and upgrading of existing products, product design and process upgrading.
Qualifying Criteria
Manufacturing companies or companies providing manufacturing related services Incorporated under the Companies Act 1965 or enterprises in the manufacturing sector incorporated under the Registration of Business Ordinance 1956 with annual sales turnover of not exceeding RM25 million or full-time employees not exceeding 150.
For the services sector, businesses incorporated under the Registration of Business Ordinance 1956 with an annual sales turnover of not exceeding RM5 million or full-time employees not exceeding 50.
At least 60 per cent equity held by Malaysians.
Possess valid premise license.
Form of Assistance
Assistance is given in the form of a matching grant, where 50% of the approved project cost is borne by the Government and the remainder by the applicant. The maximum grant allocated per application is RM 500,000.
Related Web
http://www.smidec.gov.my
http://www.miti.com.my
http://www.mtdc.com.my
Joint us as a member of JUTALINE, you will enjoy the service of a group of our professional consultants in providing you with our professional advise through our web and emails.
Why hassle with the research of the rules and regulations, engage us to conduct on the necessary research just for you.
Join us now!
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