Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead agency in digital transformation, has announced the 2021 edition of its #SMART Automation Grant (SAG) and is calling for new applicants.
SAG is a matching grant to help services companies automate their business processes and move towards digitalization, an important process that is increasingly necessary in face of COVID-19 challenges and a digitally disruptive world.
The grant works to help kickstart the development and implementation of projects that adopt technology to automate business operations. Each successful applicant will receive up to 50 percent of the total project cost, subject to a ceiling limit of RM200,000 (or whichever is lower).
As this is a matching grant, successful applicants will need to invest in the 50 percent balance. SAG functions as an outcome-based grant, whereby projects must achieve specific digitalization benefits, such as increased revenue, savings in business costs, reduction in process lifecycle and man-hours.
SAG is targeted to services SMEs looking to embark on their digital journey or are planning to enhance and improve their business via digital tools. It covers the general and professional service sectors, including retail, wholesale, food and beverages, tourism, logistics, transportation, education, healthcare, real estate, and professional and financial services.
Source: MDEC
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