Posting Date 25/08/2007

Matching Grant for Business Start-ups

Definition of SMEs

Companies with annual sales turnover not exceeding RM25 million OR full time employees not exceeding 150.

 

Qualifying Criteria

•    Companies incorporated under the Companies Act 1965 OR enterprises incorporated under the Registration of Business Ordinance 1956

•    Fulfill definition of SMEs

•    At least 60% equity held by Malaysian

•    Possess valid premise license

 

Qualifying criteria for enterprises in the manufacturing sector registered under business ordinance 1956 are eligible to apply the following grants up to 80 percent of the approved costs :

 

Ø     Matching Grant for Business Start ups

Ø     Matching Grant for Enhancing Product Packaging

Ø     Grant for Enhancing Marketing Skills of SMEs

Ø     Grant for Skills Upgrading 

  •  This flexibility is only for a period of 3 years until May 2009. These enterprises are expected to upgrade their companies to Sdn. Bhd. in order to continue receive of financial assistance.

Eligible Expenses

•    Provides assistance to assist start–up of businesses

•    Eligible expenses (maximum grant RM 40,000):

-      Preparation of Business Planning

-      Related Feasibility Studies

-      Rental of equipment and machineries

-      Development of prototype

-      Product sample and testing

-      Rental of incubators and  business premises up to 24 months

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