What is the SME Digitalisation Grant?

SME Digitalisation grant of up to RM 5,000 or 50% discount is now available for eligible Small and Medium-Sized Enterprises. The Malaysian government is actively encouraging more local businesses to move rapidly into the technology sphere to accelerate the digital economy and build more digital companies.

In conjunction with Budget 2020, The Ministry of Finance (MOF) is now providing grants to Small & Medium Enterprises (SME) to adopt Digitalisation in daily operations. It is limited to the first 100,000 SMEs applications only.

Retail business staff using SYCARDA.

Digitalise your retail business today

SME Digitalisation is a strategic collaboration between MDEC and BSN Malaysia, that encourages Small & Medium Enterprises (SMEs) to adopt digitalisation in their daily businesses. With a grant of up to RM5,000, your can have comprehensive retail business performance in data visualization & gain data-driven retail business insights to make smarter decisions through SYCARDA in 360 degree view.

Get a 50% matching grant of up to RM5,000 for your retail business

Now’s your chance to get your business digitalized! 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.

Apply Now

Push your business to the digital forefront with the SME Digitalisation Initiative

Receive a grant amounting up to 50% or a maximum of RM 5,000 from total invoice amount

Gain great deals on digital solutions from a wide list of panels listed by MDEC

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Three simple steps to get your grant


Appoint SYCARDA as your digitalisation service provider


Submit required documents and application form


Submit 50% of invoice to processing bank and claim your grant

Applicant eligibility

  • Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia;
  • The SME is at least 60% owned by Malaysian;
  • The SME/Coop has been in operation for at least six (6) months; and
  • The SME/Coop has minimum average annual sales turnover of RM50,000.

Required documents

  • Completed SME Digitalisation Initiative Application Form.
  • A copy of the Identification Card or Passport of Director (s) / Partner (s) / Proprietor(s) of the SME / applicant appointed by the Coop , whichever is applicable.
  • A copy of the SME’s business registration licenses (CCM or any similar forms under the Companies Act 2016). For Coop, a copy of SKM registration certificate.
  • Latest audited financial statements or latest financial management account statement or the bank statement for the latest two (2) months;
  • Quotation/invoice for the selected digitalisation services from the Service Provider listed by MDEC; and
  • Any other information and documents as and when required by the bank.

Now's your chance to get your business digitalised!

Read on more details about the grant here, or contact us so we can answer all your inquiries about it.

Apply Now