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SME Digitalisation Grant 2020

Apply for SME Digitalisation Grant 2020 (Up to RM 5,000)

In conjunction with Budget 2020, The Ministry of Finance (MOF) is now giving grants to Small & Medium Enterprises (SME) to adopt Digitalisation in daily operations. We are pleased to inform that MYwave have been identified as a Technology Solution Provider (TSP) to support the SME Business Digitalisation Grant. 


About SME Digitalisation Grant 2020

  • This matching grant is limited to one (1) application per SME only, however, SMEs are allowed to apply up to three (3) digital services with one (1) or more service providers that is endorsed by MDEC (“Service Provider”).
  • Availability This grant facility is provided by the Government for a period of five (5) years beginning from 17th February 2020 or upon reaching 100,000 applications, whichever comes first.
  • Grant amounting up to 50% or a maximum of RM 5,000 from total invoice amount.


SME Eligibility

  • The SME is at least 60% owned by Malaysian invidually; 
  • The SME is registered under the relevant laws of Malaysia and classified as SME; 
  • The SME has been in operation for at least one (1) year; and 
  • For SMEs which has been in operation for one (1) year, the SME is required to have a minimum annual sales turnover of RM100,000.00 for the first year; and 
  • For SMEs which have been in operation for two (2) years or more, the SME is required to have a minimum annual sales turnover of RM50,000.00 for the preceding two (2) consecutive years.


Required Documents

  • Completed SME Digitalisation Initiative Application Form.
  • Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), whichever is applicable.
  • Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016).
  • Audited financial statement for the last financial year and the latest management account. (if any) or evidences of sales turnover (if any).
  • Company's bank statement for the last two (2) months.
  • Company's profile (if any).
  • Invoice/billing and service agreement from authorized vendor listed by MDEC.
  • Any other information and documents as and when required by the bank.


Why MYwave

MYwave is passionate about people’s development. With more than 15 year's experience in the market, our offerings range from our award winning Human Capital Software (EmplX) through to HR outsource and Payroll consulting services. Our goal is to help you to maximise the most valuable asset in your business – your people. 


Be fast ! Contact us for more information.