Claim Up To RM5000! Latest Digitalization Grants For SMEs!

As Malaysia progresses forward into the Fourth Industrial Revolution (IR4.0), SMEs must digitally adapt and implement the most up-to-date online strategy to continue developing and competing in this digital era.

With more people using gadgets and mobile devices, small businesses and startups must step up their game to stay competitive in the market.

This would not only assist SMEs’ digital companies flourish, but it will also aid new firms and local small businesses trying to make ends meet.

BigDomain has collated the most recent digitalization grants made available by the federal and state governments to SMEs to accelerate their digitalization journey.

        MDEC SME Business Digitalisation Grant of              RM5000

The Malaysia Digital Economy Corporation (MDEC) decides to provide a 50% matching grant of up to RM5000 per company for the service’s subscription. It is limited to 100,000 small and medium enterprises to carry out their digital business operation.

SMEs should keep this in mind and take steps to strengthen their business strategies. So, here are the 7 key digitalization areas to help you boost your company’s productivity.

1. Digital Marketing and/or Sales
2. Electronic Point of Sales (e-POS) system
3. Human Resource (HR) Payroll System or Customer Relationship Management (CRM)
4. Procurement
5. Ecommerce
6. Remote Working
7. Enterprise Resource Planning (ERP) or Accounting & Tax

Before you may apply for this MDEC grant, there are a few requirements that you must complete:

• Registered under SME and Cooperative (“Koperasi”) and complied with Malaysia laws
• Business is owned 60% by Malaysians
• Minimum average annual sales turnover of RM50,000
• In operation for at least 6 months

To be eligible for this grant, you must execute the digitalization service.

BigDomain is now an official MDEC grant service provider, and we’re ready to assist you with this grant to help you transition your company to the digital age. We offer a wide range of digital services, including website development, design, digital marketing, security protection, website hosting, and domain name registration.

   Selangor SME Digitalisation Matching Grant of         RM5000

The Selangor state government is also providing a similar approach to the federal government. They are really going all out to help you solve your financial issues. A maximum of RM5000 for state SMEs or a 50% matching grant is provided for SMEs by Selangor Information Technology and Digital Economy (SIDEC).

There are 5 key digitalization areas which are:

1. E-commerce
2. HR and Payroll System
3. Cloud Accounting
4. Digital Marketing
5. E-PoS and Payment Gateway

BigDomain offers E-commerce and digital marketing services to SMEs. Allow us to ease your burden while you transition your business to a digitalized-savvy one.

Before you can apply for this Selangor grant, you must first fulfill a few criteria. The criteria may appear to be quite similar to those of the MDEC grant; however, there are some minor but significant differences that you must note:

• Registered under SME and Cooperative (“Koperasi”) and complied with Malaysia laws
• Business is owned 51% by Malaysians
• Minimum average annual sales turnover of RM300,000 and not exceeding RM3 million
• In operation for at least 1 year
• Business address or operation address registered in Selangor only
• Limited to 1 application per company. On the other hand, SMEs are allowed to apply for up to 3 digital services with 1 or more SIDEC-certified service providers, such as BigDomain

Penang Bantuan Khas Kewangan (BKK) Grant of RM1000

Small and Medium Enterprise Association (SAMENTA) is the official collaborator with the Penang government. They also work closely with Digital Penang and have local B2B platforms onboard.

The Penang State Government offers the Bantuan Khas Kewangan (Penang BKK) to provide RM1,000,000 worth of grants to SMEs. Each eligible SME is entitled to RM1,000.

To apply, you must meet the following criteria::

1. To be eligible, you must be a Penang- based SME
2. Must be a SME, as defined by SME Corp. SME Definition

Documents required:

1. SSM Documents / company Registration
2. Receipt from BigDomain or other qualified digital platforms
3. Bank Statement/Doc confirming the Company Name and Account No

Check out this article for more information on applying for the RM1000 Penang Bantuan Khas Kewangan (BKK) Grant.

Conclusion

These three digital incentives will surely help local businesses grow and adapt to the fast-paced route of digitization. Small businesses can utilize the extra funds to improve their goods, expand their operations, hire more employees, and so on. For Malaysian SMEs who want to make a difference for themselves, their community, and their homeland, seize this opportunity before it passed them by.

Apply Now through BigDomain

1) Contact us at go.bigdomain.my/marketing for immediate assistance

2) We will provide solutions as well as receipts for the solutions.

3) We will guide you through the submission