Grants (Malaysia and Singapore)

Grants are not Loans!

G. Technology Fund #2

Overview of THe Fund
It provides funding to eligible women entrepreneurs to acquire equipment and machinery for immediate incorporation into company's manufacturing activity. The acquisition of the equipment and machinery must be for the improvement of the current production capacity or process.

Target Group

  • Incorporated Malaysian majority woman/women manufacturing, manufacturing-related services or K-based companies (SMEs and large corporation) excluding GLCs, public listed companies and their subsidiaries.  

Eligibility Criteria

  • The company must be an SME/large corporation incorporated in Malaysia;
  • The company must be at least majority owned by Malaysian woman/women for a minimum of 2 years prior to application;
  • The company must be in operation as a manufacturing/manufacturing-related services company for a minimum period of 2 years;
  • The CEO/MD/ED must be a woman, holds a minimum equity of 10% in the company and actively participate in the operation and management of the company;
  • The management, marketing, and technical team must have relevant qualification and/or experience;
  • The machine acquired is to be immediately adopted in the company's manufacturing activity; and
  • The proposed project must be from one of the Priority Technology Clusters.  

Eligible Expenses

  • Cost of acquisition of equipment and machinery; and
  • Training.  

Funding Quantum

Up to a maximum of 50% or RM1,000,000 whichever is lower depending on the merits of each application for majority (51%) woman owned company.  

Project Duration
The project duration under The Fund is a maximum of 1 year for project implementation and product roll-out and 1 year for project monitoring/impact study.

Agreement
An agreement will be signed between the Malaysian Government Agency (MGA) (on behalf of the government) and grant recipient detailing the terms and conditions of the funding.

Disbursement of Grant
Disbursement of grant will be made in accordance to the following:-

o Approved grant will be disbursed either on a matching or reimbursement basis according to the claims submitted by the grant recipient; and

o Approved grant will be disbursed in stages in accordance with the Grant Agreement and subject to the satisfactory progress of the project in terms of deliverables and milestones reached.