Get a 50% matching grant up to RM 5,000

It’s time to digitalise your business by taking advantage of the SME Digitalisation Grant!

APPLY NOW

* For a limited time only

* Limited to first 100,000 SMEs application

LEAD

PARTNERS

AN INITIATIVE UNDER

TSP APPROVED BY MDEC

Elevate Your Business to the Next Level

The Ministry of Finance (MOF) is collaborating with Malaysia Digital Economic Corporation (MDEC), Bank Simpanan Nasional (BSN), and SME Bank to offer grant to eligible Small & Medium Enterprises (SMEs) to adopt digitalisation into their business operation. Do not miss this opportunity if you are going digital.

We are honoured to be chosen as one of the Technology Services Provider (TSP) of this program to assist the SMEs journey to digitalisation.

Transform your business now!

O2O Digital Services you can apply for this Grant

With more than 10 years of experience in the industry, we are here to help you grow your business effectively.
Apply SME Digitalisation Grant now!

E-commerce Website Development

Providing a feature-rich platform that allows businesses to sell and market online.

Corporate Website Development

Professional website design that prioritise visuals and functionality

of a business website.

Search Engine Optimisation

Ultimate SEO strategy to strengthen your online business presence.

Google Ads

It’s important to increase brand awareness and brand equity of your product & services.

Facebook Ads

We focus on targeting the right audience.

SME Digitalisation Grant Eligibility

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

The SME is registered under the relevant laws of Malaysia.

The SME has been in operation for at least one (1) year.

For SMEs which has been in operation for one (1) year, the SME is required to have a minimum annual sales turnover of RM100,000.00.

For SMEs operating for two (2) years or more:

A minimum annual sales turnover of RM50,000 is required for the preceding two (2) consecutive years.

SME Digitalisation Grant Terms

Required Documents

Completed SME Digitalisation Initiative Application Form.
A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the SME, whichever is applicable.
A copy of the SME’s business registration licenses (CCM or any similar forms under the Companies Act 2016).
Latest audited financial statements or latest financial management account statement or the SME’s bank statement for the last two (2) months;
Quotation/invoice for the selected digitalisation services from the Service Provider listed by MDEC
Any other information and documents as and when required by the bank.

How to Apply SME Digitalisation Grant ?

Step 1 Contact us for quotation on a service that is applicable for SME Digitalisation Grant.

Step 2 Applicant to complete and submit application form together with required the supporting documents and Service provider will assist with submission.

Step 3 Once the SME’s application is approved, subject to the total invoice amount, the SME is responsible to pay the difference of the total invoice after deducting the subsidised amount granted from the Initiative for each digitalisation service to the Service Provider.

Step 4 The Bank will then make a direct 50% payment of the total invoice amount or up to RM5,000.00 to the Service Provider in one lump sum payment or in stages based on the Bank’s discretion.

Frequently Asked Questions

What is SME Digitalisation Initiative?
SME Digitalisation Initiative is a new grant initiative provided by the Ministry of Finance Malaysia to assist Small and Medium Enterprises (“SME”) to adopt digitalisation in their business operations.

As announced in Malaysia’s 2020 Budget presentation, the Government will provide a 50% matching grant of up to RM5,000.00 per SME over a period of 5 years for the subscription of digital services that will enhance their productivity and competitiveness.
What are the grant details for the SME Digitalisation Initiative?
1. Grant
  This matching grant is limited to one (1) application per SME only, however, SMEs are allowed to apply up to three 3) digital services with one (1) or more service providers that is endorsed by MDEC (“Service Provider”).
2. Availability
  This grant facility is provided by the Government for a period of five (5) years beginning from 17th February 2020 or upon reaching 100,000 applications, whichever comes first.
3. Fees
  No fees imposed.
What are the Digitalisation services available under the SME Digitalisation Initiative?
There are seven (7) types of digitalisation services available as follows:-
1. Electronic Point of Sale System (e-POS)
2. Human Resource Payroll System/Customer Relationship Management (CRM)
3. Digital Marketing / Sales
4. Procurement
5. Enterprise Resource Planning (ERP)/Accounting and Taxation.
6. Remote Working
7. E-Commerce
Who is eligible to apply for the SME Digitalisation Initiative?
SMEs that fulfil the following criteria below are eligible and encouraged to apply:-
1. The SME must be at least 60% owned by Malaysian;
2. The SME must be registered under the relevant laws of Malaysia and classified as SME;
3. The SME have been in operation for at least one (1) year;
4. For the SMEs which has been in operation for one (1) year, the SME is required to have an annual minimum sales turnover of RM100,000.00 for the first year; and
5. For the SMEs which has been in operation for two (2) years or more, the SME is required to have a minimum sales turnover of RM50,000.00 for the preceding two (2) consecutive years.

O2O Digital