GRANT
Malaysian Government Is Giving Out Grants Worth RM5,000 to Small & Medium Enterprises (SME)
SME DIGITALISATION GRANT BY MDEC
The Ministry of Finance in collaboration with Malaysia Digital Economic Corporation (MDEC), SME Bank and Bank Simpanan Nasional (BSN) has rolled-out a digitalisation grant to encourage SMEs embrace digitalisation in their day-to-day operations. WebServer is honoured to be one of the Technology Solution Providers (TSP) chosen to assist SMEs in their digitalisation efforts.If you are an SME looking at going digital, this is an opportunity not to be missed! The SME Digitalisation Initiative entitles eligible SME in Malaysia to a 50% matching grant up to RM5,000. This offer is limited to first 100,000 SMEs, so, grab this chance to shine online at a subsidised cost.
Get your matching grant up to RM5,000 with us.
What You Need?
APPLICANT ELIGIBILITY
Required Documents
- Completed SME Digitalisation Initiative Application Form.
- Copy of the director(s) / partner(s) / owner(s) identification card or passport, whichever is applicable.
- Copy of licences for company registration (CCM, Form A / B, Form 24 & 49 and M&A or other related forms under the 2016 Companies Act).
- Latest audited financial statements or latest financial management account statement or the bank statement for the latest two (2) months
- Quotation/invoice for the selected digitalisation services from the Service Provider listed by MDEC; and
- Any other information and documents as and when required by the bank.
Questions
FREQUENT ASKED QUESTIONS
SME Digitalisation Grant is a Budget 2020 initiative to encourage SMEs to adopt digitalisation in their business operations. Through this initiative, the government will provide each company with a 50% matching grant, up to RM5,000 for the subscription of approved digital services. The grant worth RM500 million over 5 years is limited to the first 100,000 SMEs.
The 5 Digitalisation services covered by the SME Digitalisation Initiative are:
- Electronic Point of Sales (e-POS) System
- Human Resource Payroll System (HR) / Customer Relationship Management (CRM)
- Digital Marketing / Sales
- Procurement
- Enterprise Resource Planning (ERP) / Accounting & Tax
Technology Service Providers (TSPs) are local technology companies identified to support Malaysian SMEs in their digitalisation efforts through the SME Digitalisation Grant. SMEs can only engage with approved TSPs to be eligible for the grant.
WebServer is one of the official TSPs approved by MDEC to provide Digital Marketing services.
As a leading Web Hosting and Cloud Computing provider in Malaysia, WebServer is committed to providing a comprehensive service to SMEs – from consultation to execution, we will guide you throughout your digitalisation journey. We will also be providing full assistance on your grant application.
As SMEs are trying to stay afloat, WebServer has undertaken a goodwill initiative where we are committing to comprehensive service delivery even if the grant application is rejected.
SMEs has to fulfil the below criteria to be eligible for the grant:
- At least 60% Malaysian-owned
- Registered under the relevant laws of Malaysia
- Has been in operation for at least 1 year
- Minimum annual sales turnover of 100,000 for companies in operation for 1 year
- Minimum annual sales turnover of RM50,000 in the preceding two consecutive years for companies in operation for more than 2 years.
Follow these steps to apply for your SME Digitalisation Grant:
Step 1: Contact and appoint Webserver as your TSP to kick-start your digitalisation plans;
Step 2: Choose your web hosting or cloud computing solutions with WebServer;
Step 3: WebServer will assist you for the documentation checking and audit before submitting them for approval;
Step 4: Once your application is approved, you will receive a notifications from BSN;
Step 5: The bank will pay the balance 50% of your total invoice amount, up to a maximum of RM5,000 to WebServer.
Required Documents | Sdn Bhd Registered Before 31 Jan 2017 | Sdn Bhd Registered After 31 Jan 2017 | Partnership / Sole Proprietor |
|---|---|---|---|
Completed SME Digitalisation Initiative Application Form | |||
Copy of Identity Card or Passport | Director(s) | Director(s) | Partner(s) / Proprietor |
Copy of business registration licenses (CTC required) | Form 9, 24, 49 and M&A (Compulsory need to submit)
Form 13 (if any, not compulsory) | Section 17, 14 & 58 (Compulsory need to submit)
Section 28 & 78 (if any, not compulsory) | Form A / B / D
(Compulsory need to submit) |
Full set of Audited financial statement for the 2019/ 2020 company stamp and sign on every pages including the cover page. | |||
Latest continuous management account from latest audited account with company stamp and sign.
– P&L
– Balance Sheet | |||
Company’s bank statement for the last two (2) months
(Company stamp and signature are required, CTC not required) | |||
Company’s profile | |||
Invoice/Billing
(Company stamp and signature, CTC not required) | |||
Service agreement (Service Order Form) from authorized vendor listed by MDEC
(Company stamp and signature, CTC not required) | |||
Any other information and documents as and when required by the bank | |||
Note: Official Receipt issued by WebServer – It only needs to be submitted to the Bank after approval of the grant application.
Contact Us About This Grant
Contact Us About This Grant
WebServer.com.my, a business unit of a privately owned Acme Commerce Sdn Bhd was established in 1989. Specializes in the complex managed hosting services such as database hosting and mission critical application hosting since 1999.
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