Selangor State Extends Digitalisation Matching Grant for SMEs

Are you looking to digitalise your business? Are you finding it challenging because of tight cash flow? Worry not, the Selangor state government is providing you with SME Digitalisation Matching Grant!

Selangor SME Digitalisation Matching Grant

The Selangor state government provides a 50% matching grant or a maximum of RM5,000 for Selangor SMEs to subscribe to their selected Digital Service Provider (DSP).

The Selangor SME Digitalisation Matching Grant is worth RM5 million and aims to help the state's SMEs digitalise their businesses.

The Five Digitalisation Areas of the Grant

E-commerce: The buying and selling of goods & services using the internet and the transfer of money and data to perform these transactions.
Human Resources & Payroll system services: This solution simplifies and takes care of your business's payroll processing and other HR-related matters such as talent management and benefits.
Cloud accounting: An accounting software that is hosted on a remote server. Users can access the software applications through the internet or other networks via a cloud application service provider.
Digital marketing: Any online marketing efforts or assets such as email marketing, social media marketing, pay-per-click advertising, website development, and blogging. Digital marketing introduces people to your business and persuades them to buy your product.
Electronic Point of Sale (E-PoS): A combination of hardware and software designed to help you run your company more effectively. E-PoS systems record sales information and generate detailed reports in response to the input data.
Payment gateway: An e-commerce software that authorises payments for online merchants, brick and mortar businesses and others. It connects to e-commerce on in-house payment processors such as credit cards processing networks or online banking.

The 5 Digitalisation Areas of the Matching Grant.

SMEs Eligibility Requirements

The business must be registered under the relevant laws of Malaysia;
The company must be at least 51% owned by Malaysians;
The business address/operation address registered in Selangor only;
In operation for at least one year;
Must have a minimum of RM300,000 in annual sales turnover and not exceeding RM3 million
Limited to one application per company only. But, SMEs can apply to up to three digital services with one or more service providers that SIDEC endorses.

Supporting Documents

Sdn Bhd Company

SSM company profile (Example);
Audited financial statement for the year 2020 OR Latest 12 months management account OR Latest 12 months Profit & Loss statement;
The company's bank statement for the last two months
The business description of the company;
Proforma invoice or invoice from authorised DSPs; and
Declaration form, click here to download it.

Sole Proprietorship

SSM business profile (Example)
Audited financial statement for the year 2020 OR Latest 12 months management account OR Latest 12 months Profit & Loss statement
The company's bank statement for the last six months
The company's business description
Proforma invoice or invoice from authorised DSPs;
Declaration form, click here to download it.

The Process Flow of the Grant

Application: The application is open for SMEs;
Approval: The SMEs will receive notification of approval through email;
Activation: The DSPs will implement training modules and digitalisation systems to be within one month
Proof of Payment: The DSPs must provide proof of activation and report it to SIDEC
Grant Release: The grant payment will be issued to DSPs' accounts

*If the DSP fails to implement the digital system within the deadline, SIDEC will defer the grant payment.

How to Apply

Search for the DSP that SIDEC endorses under the respective digitalisation area;
Ask for a proforma invoice from the DSP;
Submit your application through the website;
You will receive notification through email within 21 working days.

Click here to see the List of DSPs.

Closing date

Applications will close at 12 pm on 31 October 2021

For more information, please get in touch with SIDEC at SIDEC's website, email info@sidec.com.my or call SIDEC at +603 - 5521 8580.

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