SME FUNDS

PRODUCTIVITY GRANT

The Productivity Grant aims to discover and aid groundbreaking products with the potential to enhance customer productivity and operational efficiency. Focused on three key industries – Agro-food, Tourism, and Professional Services – This initiative promotes Research & Development, Commercialisation and Innovation (R&D&C&I). Companies are encouraged to create innovative solutions that tackle current challenges and open doors to new growth opportunities within these sectors.

APPLICATION PERIOD:

OBJECTIVE

Encourage Innovation

To stimulate the development of innovative products and solutions that incorporate advanced technologies, novel processes, or unique concepts to address unmet market needs

Enhance Productivity

To support products that improve operational efficiency, reduce costs, or enhance output quality for businesses and consumers.

Drive Economic Growth

To contribute to economic development by backing ventures that have the potential to scale, create jobs, and foster competitive advantages in their respective industries.

Project requirement

  • Project Scope

    Project Scope

    Innovative products tailored to enhance productivity for customers within the agro-food, tourism, or professional services sectors. These products have the potential to generate a multiplier effect on productivity, thereby maximizing efficiency and effectiveness within these industries.

  • Project Criteria

    Project Criteria

    Prototype ready for testing and validation, iterative development, experimental stage, scale up or commercialization

  • Duration

    Duration

    Completed within 12 months

  • Grant Amount

    Grant Amount

    Maximum cap limit of RM350,000

WHO CAN APPLY?

Focused on three key industries:

The Productivity Grant is a matching grant with a maximum cap limit of RM350,000.00 and the project is to be completed within 12 months.

Eligibility Criteria:

  • Local ownership with equity exceeding 50%

    Local ownership with equity exceeding 50%

  • Operational for a minimum of 3 years

    Operational for a minimum of 3 years

  • Annual sales surpassing RM3 million

    Annual sales surpassing RM3 million

  • Utilisation of an accounting management system

    Utilisation of an accounting management system

This initiative promotes Research & Development, Commercialisation and Innovation (R&D&C&I). Companies are encouraged to create innovative solutions that tackle current challenges and open doors to new growth opportunities within these sectors.

THE 3-STAGE APPLICATION PROCESS

Stage 1

Pre-Qualification

Applicants are required to answer pre-qualification questions that assess the innovation level of their product, its problem- solving capabilities, and its impact on customer productivity.

Stage 2

Company and Product Innovation Details

Successful applicants from the first stage are invited to provide comprehensive details about their company and the innovative aspects of their product.

Stage 3

Presentation to the Productivity Grant
Committee

Chosen applicants present their innovations to the Grant Committee, showcasing their product’s impact and how the grant aids their goals.