Digitalisation Grant ②⓪②⓪
BSN-MDEC SME Digitalisation Grant Malaysia ②⓪②⓪
As an initiative to encourage Malaysian SME to transform ➡️ digitalisation, under the Budget 2020, The Ministry of Finance Malaysia was in collaboration with Malaysia Digital Economic Corporation (MDEC), Bank Simpanan Nasional (BSN) and SME bank to introduce “SME Digitalisation Initiative” by providing matching grant for the Malaysian SME’s digitalisation transformation.
Our company Maximus System Solutions Sdn Bhd is honoured to be one of the Technology Solution Providers (TSP) chosen to assist SMEs in their digital transformation.
If your company is SME, and is looking for digitalisation, we are here for you. The SME Digitalisation Initiative Grant entitles eligible SME in Malaysia to claim 50% matching grant up to RM5,000. This offer is limited to first 100,000 SMEs, so, grab this opportunity before it is too late !
Our Solutions Under This BSN - MDEC Digitalisation Grant
1) Web Design
Develop a new website via our Web Designs services. We provide a total website development services to ensure your company is ready for the digitalisation era.
You can claim the grant up to RM 5,000 for Web Design Service
2) SEO Services
Also known as Search Engine Optimization (SEO), is a process to optimize your website to get better traffics from search engines, especially Google. In layman term, it means “Rank your website in Google 1st page”. You could learn more about SEO Services here.
You can claim the Grant up to RM 5,000 for SEO Service
3) Google Ads
Previously known as “Google Adwords” , is an online advertising platform developed by Google. You pay Google and your website will be ranked in Google with the keywords you targeted, that’s simple. You could learn more about Google Ads here
You can claim the grant up to RM 5,000 for Google Ads Service
DOES YOUR COMPANY QUALIFY 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 RM100,000 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
Completed SME Digitalisation Initiative Application Form (Download here)
Copy of Identity Card or Passport of Director(s) / Partner(s) / Proprietor(s), whichever is applicable.
Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016)
Company’s bank statement for the last two (2) months
Invoice/Billing and Service agreement (Service Order Form) from authorized vendor listed by MDEC (Both documents need client’s official company stamp and signature)
Any other information and documents as and when required by the bank
Latest audited account with official company stamp and signature on every relevant page, inclusive of page 1 and all pages of the statement of changes in equity, statement of cash flow, and notes to financial statements.
Latest 6 months management account (P&L and Balance Sheet) with official company stamp and signature
SME Digitalisation Grant FAQ
SME business digitalisation grant , also known as SME Digitalisation Initiative, was announced by the Ministry of Finance under the year 2020 Budget to support SMEs to adopt digitalisation transformation.
The total amount allocated for SME Digitalisation Grant is RM 500,000,000 for the period of 5 years , or limited to first 100,000 SME applications, which ever come first.
The SME could apply the grant for : 1) Digital marketing & sales 2) E-POS (Point Of Sales) 3) HR Payroll / CRM 4) Procurement System 5) E-commerce 6) Remote Working System 7) ERP /Accounting System
The Government will provide a 50% matching grant of up to RM 5,000 maximum per company for the subscription above. In other words, the SME pay 50%, the Government pay 50% up to maximum of RM 5,000
THE Malaysian SME company who are at least 60% owned by Malaysian, registered under SSM with operation at least 1 year, the yearly sales turnover more than RM 100,000 and have proper accounting documents such as audited report and management account statement.
You can download the application form in our webpage here
You can directly submit the application to the nearest BSN branch, Alternatively , you can ask the TSP to help you to submit the application. (According to the latest revision of SOP from MDEC)
Maximums System Solutions is an experiences web design and SEO company since year 2003. We are also a certified Google Ads Agency and Approved TSP under this SME Digitalisation Grant. Our Digital Marketing Service helped hundreds of SME clients get more exposure on Internet, and more importantly, get more sales though our SEO and Google Ads services.