Malaysia Grant & Incentive
Now day, a lot of Ministry and Agencies give the grant to help SME Company growth and Boost their sales. Grant was a gifted fund from government. There is a lot of grant which is for purchasing of new machinery / technology, acquiring a new technology, R&D, acquiring a testing standard, training and many more. These grants were given by government on selected ministry and statutory body. This Grant is useful for manufacturer because can help you reducing your capital for expansion. The grant can up to millions of ringgit depend on your cost.
Beside grant for manufacturing sector, government also support services sector (Eg. ICT, Greentech, R&D, Logistic etc) in term of R&D and Commercilization Grant. Even you only have an idea of business, government have access to support it.
Types of Grant
The government of Malaysia under several ministries offered grants to the Malaysian and also Foreigners that looking forward to set up, expand, diversify and modernize their business in Malaysia. Below are the ministries that offered the grant:
- MSC (Multimedia Development Corporation)
- MATRADE (Malaysia External Trade Development Corporation)
- MBC (Malaysian Biotechnology Corporation)
- Ministry of Tourism Malaysia
- Shell Malaysia Sustainable Development (SD) Grants scheme
- CIP (Cradle Fund Sdn Bhd )
- MTDC (Malaysian Technology Development Corporation)
- MOSTI (Ministry of Science, Technology and Innovation)
- MDEC (Multimedia Development Corporation)
- NEF (New Entrepreneur Foundation)
- MIDA (Malaysian Investment Development Authority)
- SME Corp (SME Corporation Malaysia)
- MPC (Malaysia Productivity Corporation)
