How to take advantage of the MDEC MCC Digitization Grant?

A closeup shot of the waving flag of Malaysia with interesting textures

Do you know? Small and medium business owners (SMEs) like you can now apply for grants amounting to RM5,000. This is not a myth.

You must be wondering how an SME Digitization Grant can help your business, especially in MCO where most customers make purchases from home. Before we get to that topic, let’s find out more about the MDEC SME Digitization Grant.

 

What is the MDEC SME Digitization Grant?

Based on Budget 2020, the government has found an opportunity to help SME business owners to thrive despite facing obstacles in MCO through digitization. To encourage more local businesses to venture into the latest technology, the government has allocated an additional RM150 million under the SME’s Digitization Grant scheme in Budget 2021.

The government will provide 50% grants worth up to RM5,000 to each company to own digital solutions. The cumulative allocation of this Grant is RM500 million for a period of five years, and is limited to the first 100,000 successful applicants.

MDEC, having its role as well, is responsible for ensuring local businesses receive the right tools and solutions to help them digitize their business operations.

In addition, the government has identified seven main frameworks for digitization that need to be adapted by SMEs, namely:

  • Digital Marketing and/or Sales
  • Electronic Point of Sales (e-POS) System
  • Human Resource Payment System/CRM
  • procurement
  • Accounting and Taxation/ERP

 

How do grants help your business?

Let’s take a look at 3 scenarios to understand more about how you can take full advantage of the grant.

Scenario 1: Spend with limits

An SME trader contacted 3 vendors and applied for three different services. The first service costs RM5,000, the second is RM3,000 and the third is RM2,000 with a total amount of RM10,000, so the trader is eligible to receive the full amount of the grant of RM5,000.

Scenario 2: Spending over the limit

An SME trader spends RM12,000 for a settlement and pays RM7,000 but not RM6,000 (50%), this is because the total grant is limited to RM5,000. So, the trader has also used the full amount of the grant limit.

Scenario 3: Spend less than the limit

An SME trader bought a solution worth RM4,000. This means that the company has to pay half the price (RM2,000) and the rest is paid using a grant (RM2,000). In this case, the trader did not use the balance of RM3,000.

For more information about mdec grant malaysia, please visit  https://www.nuweb.com.my/sme-matching-grant/

Get a FREE 1-to-1 Google Search Ads Consultation

Fill up below and we will get back to you with a FREE 1-to-1 Google Search Ads consultation on how to get leads & enquiries from Google!

Latest News

What’s New in SEO & SEM ?

  • All
  • Blog
  • color contact lens
  • cosplay contact lens Malaysia
  • cyberpunk cosplay contacts Malaysia
  • gas assisted injection molding
  • Google Ads
  • Google Search Console
  • Google Shopping
  • Local SEO
  • mdec grant malaysia
  • SEO
  • Servis Air Cond
  • web design
  • web design malaysia
  • YouTube
All
  • All
  • Blog
  • color contact lens
  • cosplay contact lens Malaysia
  • cyberpunk cosplay contacts Malaysia
  • gas assisted injection molding
  • Google Ads
  • Google Search Console
  • Google Shopping
  • Local SEO
  • mdec grant malaysia
  • SEO
  • Servis Air Cond
  • web design
  • web design malaysia
  • YouTube
gas assisted injection molding

Boost Your Production with Gas Assisted Injection Molding

H.H. Precision Mould is a well-known manufacturer that specializes in producing high-quality plastic injection molds. H.H. Precision Mould provides gas-assisted …

web design malaysia

Maximize Your Online Potential with Top-notch Web Design in Malaysia

Nuweb is a leading web design company based in Malaysia that specializes in creating stunning and functional websites for businesses …

color contact lens Malaysia

Discover the Magic of Color Contact Lenses

Color contact lenses have the power to transform your appearance and take your look to the next level. Whether you’re …

cyberpunk cosplay contacts Malaysia

Bring Your Favorite Cyberpunk Characters to Life with Cosplay Contacts

Cyberpunk is a popular genre of science fiction that has inspired many movies, TV shows, and video games. The aesthetic …

cosplay contact lens Malaysia

Transform into Your Favorite Character: A Guide to Cosplay Contact Lenses

Cosplay is a popular pastime that allows fans to bring their favorite characters to life through costumes, makeup, and accessories. …

template 1200 x 600

Kepentingan Servis Pendingin Hawa Anda Secara Teratur

Penghawa dingin menjadikan rumah selesa. Mereka membantu mengawal suhu untuk kehidupan yang selesa. Secara ringkasnya, mana-mana rumah moden memerlukan penghawa …

Closeup view of businessman holding two joined puzzle pieces leaning on his office desk.

Understanding Link Building and Why It Is So Important

Link Building is the method through which an SEO service obtains links from other trustworthy websites to your website. It …

why-seo-is-important-for-businesses-during-this-pandemic

Why SEO Is Important For Businesses During This Pandemic

The impact of Covid 19 on the majority of enterprises is extraordinary. All those years of unending labour and sacrifice …

Website development

Tips for Choosing a Good Web Design Company for Your Website

There are many web design companies in KL, Malaysia, and it is understandable that you want to hire the best …

A closeup shot of the waving flag of Malaysia with interesting textures

How to take advantage of the MDEC MCC Digitization Grant?

Do you know? Small and medium business owners (SMEs) like you can now apply for grants amounting to RM5,000. This …