Criteria of Eligibility – Global Technology Grant LOCAL COMPANY: Incorporated in Malaysia under the Companies Act 1965 of the Companies Act 2016; Minimum issued and paid-up capital of RM20,000; Minimum of 51% equity held by Malaysian(s). For companies whose shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding. FOREIGN-OWNED COMPANY: Incorporated in Malaysia under the Companies Act 1965 of the Companies Act 2016; Minimum issued and paid-up capital of RM500,000. In operation for at least 1 year; Company director/ shareholder/ partner/ senior management to declare and disclose if there is any close business relationship/close family relationship with any of MDEC’s director or employee. Company director/ shareholder/ partner/ outsourced partner to declare if they are under any litigation (not applicable for grants under RM 50,000); Company director/ shareholder/ partner/ outsourced partner to declare if they are blacklisted by BNM, MACC and Securities Commission (SC) (not applicable for grants under RM 50,000); Companies with common shareholder/s can only submit applications for one company only. If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project/s. SPECIFIC CONDITIONS: The APPLICANT must procure approved cost items from Malaysian incorporated organizations for ecosystem development purposes unless there is valid justification provided such as no local supplier. All approved activities must be conducted in Malaysia. If outsourcing cost is involved, MDEC has the right to conduct background checks to the outsource parties to ensure there is no conflict of interest. All details from MDEC

Criteria of Eligibility – Business Accelerator Programme (BAP 3.0) TYPE OF ASSISTANCE: Matching Grant Soft Loan: SME Bank QUALIFYING CONDITIONS: Undergo SME Status Certification Fulfill SME Definition Annual sales turnover exceeds RM300k per year With at Least 60% local equity Valid Business Premises Licenses from Local Authorities With at least 6 months in operations Undergone or willing to undergo SCORE / MCORE assessment PRIORITY CRITERIA: A business taxpayer A minimum paid-up capital of RM30,000.00 Cash at banks at least 20% of project value Ratio of local workers: foreigner workers at least 70:30 Projects with high value-added/ contribution to increased productivity. WHAT IS THE SME CRITERIA? Given that there have been many developments in the economy since 2005 such as price inflation, structural changes, and change in business trends, a review of the definition was undertaken in 2013 and a new SME definition was endorsed at the 14th NSDC Meeting in July 2013. The definition covers all sectors, namely services, manufacturing, agriculture, construction, and mining & quarrying. Sales turnover and the number of full-time employees are the two criteria used in determining the definition with the “OR” basis as follows: For the manufacturing sector, SMEs are defined as firms with sales turnover not exceeding RM50 million OR a number of full-time employees not exceeding 200. For the services and other sectors, SMEs are defined as firms with sales turnover not exceeding RM20 million OR a number of full-time employees not exceeding 75. IMPORTANT NOTE: Applications can only be made online It is compulsory to obtain SME Status Certification. It is recommended to apply for SCORE when applying for this assistance All details from SME Corporation Malaysia

Malaysia Grants - Interconnected IT Solutions

Be a part of Malaysia’s digital revolution by accelerating your technology adaptation to scale.

In the current disruption that we are facing today, each and every business is a key driver that holds the ropes to maintain economic stability. With the right technology partner and well-stabilized funding programs, your business can scale with speed.

Get Funded Today!

Grant-Support Schemes to Digitally Empower Businesses

ITG will be your Business technology expert and partner in providing assistance Grant Application and your solutions provided in partnership with Oracle NetSuite.

Creating a Proposal
Providing a Quotation
Escalation of Application Process

Backed with the best business practices in the market, ITG, and Oracle NetSuite can give you higher chances of approval for your grant applications.

About our Tech Consultants

ITG works alongside businesses in Malaysia and the nearby ASEAN countries to establish robust operations by enabling businesses to shift to digital, with speed and at scale.

Our seasoned technology experts can guide you in designing a digital roadmap that can guide you towards a future-ready business with key technologies that can help you set foot on the digital future of Malaysia.

ITG’s Grant Application Assistance

Make the digital leap with ITG as your digital accelerator by helping you take advantage of the grants available. ITG is your innovation strategy that specializes in boosting your digital efforts for the next normal.

Cloud Transformation
Financial Automation
Business Modernization

Grant Details

Malaysia Grants- GTG & BAP 3.0

Subsidize on your Cloud ERP NetSuite project with the GTG / BAP 3.0 grant.

GLOBAL TECHNOLOGY GRANT GTG focuses on technology champions that can drive innovation, commercialization, and development of local-scale up tech companies and support the uprising of a unicorn as they venture towards the future. This grant caters specifically to:

Technology Company
Technology-Accelerator

BUSINESS ACCELERATOR PROGRAMME (BAP 3.0) BAP 3.0 aims to assist SMEs to accelerate their operations in order to increase efficiency, productivity, and profitability beyond the pandemic. This grant covers two different types of assistance such as:

Matching Grant
Soft Loan: SME Bank

FAQs - GTG

Criteria of Eligibility – Global Technology Grant

LOCAL COMPANY:
- Incorporated in Malaysia under the Companies Act 1965 of the Companies Act 2016;
- Minimum issued and paid-up capital of RM20,000;
- Minimum of 51% equity held by Malaysian(s). For companies whose shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding.

FOREIGN-OWNED COMPANY:
- Incorporated in Malaysia under the Companies Act 1965 of the Companies Act 2016;
- Minimum issued and paid-up capital of RM500,000.
- In operation for at least 1 year;
- Company director/ shareholder/ partner/ senior management to declare and disclose if there is any close business relationship/close family relationship with any of MDEC’s director or employee.
- Company director/ shareholder/ partner/ outsourced partner to declare if they are under any litigation (not applicable for grants under RM 50,000);
- Company director/ shareholder/ partner/ outsourced partner to declare if they are blacklisted by BNM, MACC and Securities Commission (SC) (not applicable for grants under RM 50,000);
- Companies with common shareholder/s can only submit applications for one company only.
- If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project/s.

SPECIFIC CONDITIONS:
- The APPLICANT must procure approved cost items from Malaysian incorporated organizations for ecosystem development purposes unless there is valid justification provided such as no local supplier.
- All approved activities must be conducted in Malaysia.
- If outsourcing cost is involved, MDEC has the right to conduct background checks to the outsource parties to ensure there is no conflict of interest.

All details from MDEC

FAQs - BAP 3.0

Criteria of Eligibility – Business Accelerator Programme (BAP 3.0)

TYPE OF ASSISTANCE:
- Matching Grant
- Soft Loan: SME Bank

QUALIFYING CONDITIONS:
- Undergo SME Status Certification
- Fulfill SME Definition
- Annual sales turnover exceeds RM300k per year
- With at Least 60% local equity
- Valid Business Premises Licenses from Local Authorities
- With at least 6 months in operations
- Undergone or willing to undergo SCORE / MCORE assessment
PRIORITY CRITERIA:
- A business taxpayer
- A minimum paid-up capital of RM30,000.00
- Cash at banks at least 20% of project value
- Ratio of local workers: foreigner workers at least 70:30
- Projects with high value-added/ contribution to increased productivity.

WHAT IS THE SME CRITERIA?
- Given that there have been many developments in the economy since 2005 such as price inflation, structural changes, and change in business trends, a review of the definition was undertaken in 2013 and a new SME definition was endorsed at the 14th NSDC Meeting in July 2013. The definition covers all sectors, namely services, manufacturing, agriculture, construction, and mining & quarrying.
- Sales turnover and the number of full-time employees are the two criteria used in determining the definition with the “OR” basis as follows:
  - For the manufacturing sector, SMEs are defined as firms with sales turnover not exceeding RM50 million OR a number of full-time employees not exceeding 200.
  - For the services and other sectors, SMEs are defined as firms with sales turnover not exceeding RM20 million OR a number of full-time employees not exceeding 75.

IMPORTANT NOTE:
- Applications can only be made online
- It is compulsory to obtain SME Status Certification.
- It is recommended to apply for SCORE when applying for this assistance

All details from SME Corporation Malaysia