MALAYSIA - SINGAPORE Third Country Business Development Fund

The Malaysia - Singapore Third Country Business Development Fund is co- founded and co-funded by the two countries. The Fund allows Malaysian and Singaporean Enterprises to cooperate and to jointly identify investment and business opportunities in "third countries", outside Malaysia and Singapore.  

The Fund aims to encourage Malaysian and Singaporean enterprises to expand their business operations in the global arena. 

QUALIFYING ACTIVITIES 

The fund covers up to 50% of all eligible expanses for: 

·         Target Specific Due Diligence Studies

For enterprises with a specific project in mind and are conducting a thorough investigation on the business viability of the project, up to a maximum grant of RM200,000. 

·         Pro- active Searches

For a general search in a specific market for potential investments or business opportunities, up to a maximum grant of RM100,000. 

·         Joint Missions

For enterprises participating in approved joint missions, up to a maximum grant of RM200,000. 

CRITERIA FOR ELIGIBILITY 

Applicants must be registered under the Business Registration Act or under the Registration of Business Ordinance or incorporated under the Companies Act  

Be a Malaysian local company which has at least 51% equity owned by Malaysian citizens, and a local company in Singapore which has at least 30% equity owned by Singapore citizens or Permanent Residents.  

Business associations or the appointed representative of the group of companies involved in organising joint missions may also apply.

ELIGIBLE EXPENSES INCLUDE

·         Joint feasibility study

  Travelling, accommodation and subsistence allowance

  Fees for patent and information search

  Consultant fees (excluding success fees)

·         Joint mission

  Air travel and accommodation

  Common costs which cover arrangements on logistics, publicity, networking,

  Consultation fees, mission gifts and execution

The validity of fund support shall not exceed 6 months and the Lead Enterprise / Business Association must submit a report to MIDA and IE Singapore within 1 month of completion of the project. Claims for reimbursement from the fund have to be submitted within 3 months of completion of the Joint Feasibility Study / Joint Mission.

APPLICATION  － Malaysian Industrial Development Authority (MIDA)

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