The Selangor state government has launched the Selangor SME Digitalisation Matching Grant initiative to help SMEs in the state transition into the digital era. To be overseen by the Selangor Information Technology & Digital Economy Corporation (Sidec), the initiative has total funding of RM5 million.
Under the new program, the Selangor government will offer a 50% matching grant or a maximum of RM5,000 to each SME to subscribe to chosen digital service providers. As of today, 100 digital service providers have been approved for the initiative, which is expected to benefit at least 1,000 SMEs in Selangor.
“SMEs that lack resources to digitalise their businesses are invited to apply for this grant to strengthen the digital reach of their businesses,” said Selangor Menteri Besar Amirudin Shari.
Selangor-based SMEs can utilize the grant to obtain digital services for five areas including e-commerce, HR & payroll system and cloud accounting. They can also utilize the grant for digital marketing as well as Electronic Point-of-Sale (E-PoS) and payment gateway.
Among the criteria required for eligibility are that the company must be at least 51% owned by Malaysians, and it’s business or operation address must be in Selangor. It must also have been in operation for at least one year, and have a minimum annual sales turnover of RM300,000 but not exceeding RM1 million.
Meanwhile, Sidec will begin to accept applications for the grant starting from 15 April and the window will be opened until 15 May. For more information about the grant initiative, you can visit its official webpage.