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Claim your 50% SME Business Grant Today!

Claim up to RM5,000 SME Business Digitalization Grant from government when you sign up our digital marketing packages.

Official MDEC Announcement
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Malaysia SME

Malaysian SMEs
can now apply for
government-matched grants

In conjunction with 2020 Budget, the Ministry of Finance (MOF) is giving out grants to Small & Medium Enterprises (SME) to adopt digitalisation in daily operations.

The Government will provide a 50% matching grant of up to RM5,000 per company for any digital marketing services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to upgrade their systems.

50% discount for all SMEs Digital Solutions

Now is your best chance to get your business digitalised!

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Does Your SME 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
Does Your SME Qualify For The Grant?
Does Your SME Qualify For The Grant?

Required Documents

  • Completed SME Digitalisation Initiative Application Form
  • 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
  • Company’s profile
  • Service agreement from authorized vendor listed by MDEC
  • 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 5 months management account (P&L and Balance Sheet) with official company stamp and signature

Frequent Asked Questions

What Is Sme Digitalisation Grant?

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

What Are Technology Solutions Providers (Tsp)?

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.

Inspiren Is One Of The Official Tsps Approved By Mdec To Provide Digital Marketing Services.

Why Choose Inspiren As Your Tsp?

As One Of The Leading Digital Marketing Agencies In Malaysia, Inspiren 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-on Assistance On Your Grant Application.

At This Trying Time, When Smes Are Trying To Stay Afloat, Inspiren Has Undertaken A Goodwill Initiative Where We Are Committing To Full-service Delivery Even If The Grant Application Is Rejected, Subject To Terms And Conditions.

What Are The Criteria To Be Eligible For The Sme Digitalisation Grant?

Smes Has To Fulfil The Below Criteria To Be Eligible For The Grant:

At least 60% Malaysian-owned

Registered under the relevant laws of MalaysiaRegistered 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.

What Are The Documents To Be Submitted For The Application?

Required Documents

Type of Entity
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(s)
Copy of business registration licenses
  • Form 9, 24, 49 and M&A (Compulsory need to submit)
  • Form 13 (if any)
  • Section 17, 14 & 58 (Compulsory need to submit)
  • Section 28 & 78 (if any)
Form A / B (Compulsory need to submit) Form A / B (Compulsory need to submit)
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 5 months management account (P&L and Balance Sheet) with official company stamp and signature
Company's bank statement for the last two (2) months
Company's profile
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

How To Apply?

Follow these steps to apply for your SME Digitalisation Grant:

Step 1:Contact and appoint Inspiren as your TSP to kick-start your digitalisation plans

Step 2:Choose your digital marketing solutions with Inspiren

Step 3:Inspiren will assist you for the documentation checking & 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 Inspiren

How To Apply?

Follow these steps to apply for your SME Digitalisation Grant:

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