The grant helps to kickstart projects that adopt technology to automate business operations. Each successful application will receive up to 50% of the total project cost, subject to a ceiling limit of RM200,000 (or whichever is lower).
The Malaysia Digital Economy Corporation (MDEC) has announced that applications are open for its 2021 edition of its #SMART Automation Grant (SAG).
In a press release on Friday (27 August), MDEC said the SAG is a matching grant to help services companies automate their business processes and move towards digitalisation, "an important process that is increasingly necessary in face of COVID-19 challenges and a digitally disruptive world".
The grant helps to kickstart the development and implementation of projects that adopt technology to automate business operations. Each successful application will receive up to 50% of the total project cost, subject to a ceiling limit of RM200,000 (or whichever is lower).
MDEC shared that as this is a matching grant, successful applicants will need to invest the 50% balance.
"SAG functions as an outcome-based grant, whereby projects must achieve specific digitalisation 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."
About the #SMART Automation Grant (SAG)
Introduced in June 2020, SAG was part of the Malaysian Government’s initiative to expand support for SMEs to make the digital leap and increase their digital capabilities.
Aiza Azreen, Chief Digital Business Officer, MDEC, said: "We introduced the #SMART Automation Grant to help SMEs in the services sector thrive and survive in this disrupted business environment. Businesses today fully understand that they need to embrace digitalisation tools and solutions to remain relevant – the grant gives them the support they need to positively impact their operations and income generation."
Full details on the SAG can be found here.
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