Small And Medium Industries Development Corporation (SMIDEC)

Financial Assistance Scheme for SMEs in The Services Sectors

Objective

To provide assistance to SMEs which facilitate them:

•	in starting-up of business;
•	in obtaining certification/s and quality management systems;
•	in advertising and promotion; and
•	in improving and upgrading of existing sevices and/or processes.

Services Sectors

•	Distributive Trade;
•	Business and Professional Services;
•	Information and Communication technology (ICT);
•	Tourism;
•	Logistics;
•	Education; and
•	Construction.

Qualifying Criteria

•	Business incorporated/registered under the: - Companies Act 1965; or - Registration of Businesses Act 1956; or - Certificate/s of Practice by Professional Regulatory Bodies;
•	Fulfill the definition of SME with an annual sales turnover of not exceeding RM5 mil or full-time employees not exceeding 50;
•	Companies with annual sales turnover of not exceeding RM25 million or full-time employees not exceeding 150 (for Logistics Sector only)
•	At least 60 per cent equity held by Malaysians;
•	Possess valid premise/business licenses.

Financial Assistance

Matching Grant
Assistance is given in the form of matching grant where 50% of the approved project cost is borne by the Government anf the remainder by the applicant.

i.	Business Start-Up
		The maximum grant allocated per application is RM100,000. The grant is available for business in operation less than 12 months.
		Eligible expenses
		• Preperation of business plan • Preparation of marketing plan • Market feasibility studies • Rental of business premise and related equipments up to 24 months • Development of prototype/s (for construction and related activities only) • Purchase of machinery or office equipment • One year broadband subscription fee (for ICT sector)
ii.	Improvement and Upgrading of Existing Services and Processes
		The maximum grant allocated per application is RM500,000. The grant available for ICT, Healthcare and Construction Sectors.
		Eligible expenses
		• Undertake technology feasibility studies • Fees for technology transfer • Development of prototype/s • Initial Intellectual Property (IP) registration
iii.	Certification and Quality Management Systems
		The maximum grant allocated per application is RM250,000
		Eligible expenses
		• Acquisition of certifications and quality management systems for related services • ISO 9000 Series. • Halal certification/s and related expenditure in compliance to the certification requirements.
iv.	Advertisement and Promotion
		The maximum grant allocated per application is RM50,000
		Eligible expenses
		• Production of marketing and promotional materials such as brochures, catalogues, flyers, banners, posters, plastic/paper carrier bags and CD-ROMS. • Electronic media advertisement • Printed media advertisement • Development of an interactive website for e-commerce activities

Application

Download the form here.

Project Proposal

• BUSINESS START-UPS
• IMPROVEMENT AND UPGRADING OF EXISTING SERVICES AND PROCESSES
• CERTIFICATION AND QUALITY MANAGEMENT SYSTEMS
• ADVERTISEMENT AND PROMOTION

Form is in PDF (Acrobat) format. To read PDF files you will need a copy of the (free) Acrobat Reader. Please go to Adobe's website to download the reader.

Enquiry

Jamadilah Salwa Mohamed Jalil (6207 6000 ext 6186)

Small and Medium Industries Development Corporation (SMIDEC)
Aras 20, West Wing, Menara MATRADE
Jalan Khidmat Usaha, Off Jalan Duta
50480 Kuala Lumpur

Tel No: 03-6207 6000
Fax No: 03-6201 6564
E-mail : info@smidec.gov.my
Infoline : 1-300-88-1801
Website www.smidec.gov.my