PayRecon MDEC Smart Automation Grant 2021

max RM200,000 per company

SMEs and mid- tier companies in the services sector are now able to kickstart their digital adoption journey and increase their digital capabilities to continue striving forward in this new norm.

What Is Smart Automation Grant (SAG)?

SAG is a matching grant for services companies to automate their business processes and move towards digitalisation.

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.

Eligible Expenditures

To achieve one of these outcomes

Project Duration

Total 4 Months Duration

1 Month: Duration of project implementation

3 Months: Post monitoring to achieve project outcome

Apply SAG ...