PayRecon MDEC Smart Automation Grant 2021
max RM200,000 per company
- Application available until 25/09/2021
What Is Smart Automation Grant (SAG)?
The grant will be used solely to kick start the development and implementation of project by technology to automate the business operations.
Criteria
Local company/ Enterprises / Sole Proprietorships/ Partnerships incorporated in Malaysia
≥ 51% owned by Malaysians
in operation for ≥ 1 year
Service sector: Retail, Wholesale, Food and Beverages, Tourism, Logistics, Transportation, Education, Healthcare, Real Estate, Professional Services and Financial Services
- Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016
- Minimum issued and paid up capital of RM50,000
- Minimum of 51% equity held by Malaysian(s). For companies which shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding.
Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016
Minimum issued and paid up capital of RM50,000
Minimum of 51% equity held by Malaysian(s). For companies which shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding.
Eligible Expenditures
- Cost of IT Hardware or IT equipment
- Cost of Software associated
- License fee
- Process redesign
- Testing & certification costs associated with the development of the project
- Training costs associated to the project
- Increase in revenue
- Savings in business cost
- Reduction of process time cycle
- Reduce man hours
- Create new sources of growth
To achieve one of these outcomes
Project Duration
1 Month: Duration of project implementation
