Smart Automation Grant for Malaysian Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in Manufacturing and Services Sector.
The Smart Automation Grant is offered to Malaysian Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in the Manufacturing and Services Sector.
The grant will be given on a matching basis (1:1) based on eligible expenditures, up to a maximum grant of RM1 million per company.
The main objectives of the Smart Automation Grant are:
1. To assist as well as incentivize SMEs and MTCs to automize and digitalize operations, production and trade channels
2. To improve efficiency in the manufacturing and services sector
3. To reduce reliance on low-skilled foreign workers
4. To provide job opportunities in high value-added sectors
5. To enhance SME competitiveness on an international level
6. To be aligned with the National Policy on Industry 4.0
7. To boost domestic investment
Applications received by the Malaysian Investment Development Authority (MIDA) from 4 December 2020 to 31 December 2021 are eligible to be considered for this grant.
Source: MIDA website
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