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Looking for possible grants, subsidies or financing schemes your SME can apply for? Check out our comprehensive list below, organised according to the financial institution or statutory body providing them.
Bank Negara Malaysia (BNM)
Agrofood Facility (AF)
Supports SMEs in increasing agrofood production for Malaysia and for export.
SMEs will be able to get debt financing of up to RM5 million for up to 8 years, with a financing rate of up to 3.75% per annum inclusive of any guarantee fee.
Click here to find out more, and refer to this list of participating financial institutions.
All Economic Sectors Facility (AES)
Provides access to financing for SMEs in all economic sectors to support growth.
SMEs will be able to get debt financing of up to RM5 million for up to 5 years, with a financing rate of up to 7% per annum inclusive of any guarantee fee.
Click here to find out more, and refer to this list of participating financial institutions.
Business Recapitalisation Facility (BRF)
Provides financing to SMEs for working capital and capital expenditure purposes.
SMEs will be able to get debt financing of up to RM5 million for up to 10 years, with a financing rate of up to 5.0% per annum inclusive of guarantee fee or 3.5% per annum without guarantee. There is no cap on return for equity investment.
Click here and here to find out more, and refer to this list of participating financial institutions.
Disaster Relief Facility (DRF)
Supports micro, small and medium enterprises (MSMEs) affected by natural disasters such as floods.
SMEs will be able to get debt financing of up to RM700,000 for SMEs and up to RM150,000 for micro enterprises for up to 7 years, with a financing rate of up to 3.5% per annum inclusive of any guarantee fee.
Click here and here to find out more, and refer to this list of participating financial institutions.
High Tech & Green Facility (HTG)
Supports SME growth and investment in fields like digital tech, green tech and biotech.
SMEs will be able to get debt financing of up to RM10 million for up to 10 years, with a financing rate of up to 5.0% per annum inclusive of guarantee fee or 3.5% per annum without guarantee.
Click here and here to find out more, and refer to this list of participating financial institutions.
Low Carbon Transition Facility (LCTF)
Supports SMEs in adopting sustainable and low carbon practices.
SMEs will be able to get debt financing of up to RM10 million for up to 10 years, with a financing rate of up to 5% per annum inclusive of any guarantee fee.
Click here and here to find out more, and refer to this list of participating financial institutions.
Micro Enterprises Facility (MEF)
Provides collateral-free financing for working capital and capital expenditure targeting micro enterprises and entrepreneurs, including the self-employed and gig workers on digital platforms.
SMEs will be able to get debt financing of up to RM50,000 for up to 5 years, with the financing rate determined by participating financial institutions.
Click here to find out more, and refer to this list of participating financial institutions.
PENJANA Tourism Financing (PTF)
Supports MSMEs in the tourism sector to mitigate the effects of the COVID-19 pandemic.
SMEs will be able to get debt financing of up to RM500,000 for SMEs and up to RM75,000 for micro enterprises for up to 7 years, with a financing rate of up to 3.5% per annum.
Click here, here and here to find out more, and refer to this list of participating financial institutions.
SME Automation and Digitalisation Facility (ADF)
Incentivises SMEs to automate processes and digitalise operations to increase productivity and efficiency.
SMEs will be able to get debt financing of up to RM3 million for up to 10 years, with a financing rate of up to 4% per annum inclusive of any guarantee fee.
Click here and here to find out more, and refer to this list of participating financial institutions.
Malaysia Digital Economy Corporation (MDEC)
Global Tech Fund (GTF) – Nurturing Global Champions
Targets local scale-up technology companies who are ready to venture into their first global market or expand their existing global market presence via technology innovation and commercialisation of market-driven product/service.
SMEs will be able to get grant funding for up to 50% of the approved total project cost for up to 2 years, subject to an undisclosed ceiling limit.
Click here to find out more.
Global Tech Fund (GTF) – Catalysing Digital Innovation Ecosystem
Supports the scaling and commercial success of innovative, high growth Malaysian technology startups in international markets.
SMEs will be able to get grant funding for up to 30% of the approved total project cost for up to 2 years, subject to an undisclosed ceiling limit.
Click here to find out more.
Malaysian Technology Development Corporation (MTDC)
Business Growth Fund
Focuses on growing the company not only on its production output and reach, but also on internal preparedness towards professionalism, corporate governance and all the necessary tools to elevate the company to the next level.
SMEs will be able to get equity funding via redeemable convertible preference shares (RCPS) for up to RM10 million for up to 5 years.
Click here to find out more.
Business Start-Up Fund (BSF)
Provides funding to scalable and viable technology-based early stage companies. The objective is to remove financial blockages in achieving business goals and matching the business standard and high level of competition, particularly in the growth sectors of the economy.
SMEs will be able to get flexible funding for up to RM5 million or 90% of the total project cost, whichever is lower, for up to 5 years with 18 months grace period. This will be done via interest free convertible promissory notes (CPN) or preference shares with the option to convert CPN to redeemable convertible preference shares (RCPS).
Click here to find out more.
Commercialisation of Research and Development Fund (CRDF 1)
Funds technology and market validation activities for R&D outputs by public universities and public research institutions or any local R&D outputs to be undertaken by local companies.
SMEs will be able to get hybrid matching funding consisting of grants and convertible promissory notes (CPN) for up to RM500,000 or 70% of the eligible expenses, whichever is lower, for 6 years. The 6 years will be divided into 2 years implementation and 4 years repayment period.
Click here and here to find out more.
Commercialisation of Research and Development Fund (CRDF 2)
Funds the commercialisation of any local R&D outputs by small and medium-sized companies (SMEs).
SMEs will be able to get hybrid matching funding consisting of grants and convertible promissory notes (CPN) for up to RM4 million or 70% of the eligible expenses, whichever is lower, for 6 years. The 6 years will be divided into 2 years implementation and 4 years repayment period and there will be up to 3.5% interest on the CPN portion of the funds.
Click here and here to find out more.
Halal Technology Development Fund 1 (HTDF 1)
Funds SMEs in the halal industry for business expansion activities involving the application of technology in the production of halal products or services for local markets and export markets.
SMEs will be able to get hybrid matching funding consisting of grants and convertible promissory notes (CPN) for up to RM2 million for 6 years. The 6 years will be divided into 2 years implementation and 4 years repayment period.
Click here to find out more.
Halal Technology Development Fund 2 (HTDF 2)
Funds SMEs in the halal industry for business expansion activities involving the application of technology in the production of halal products or services for local markets and export markets.
SMEs will be able to get hybrid matching funding consisting of grants and convertible promissory notes (CPN) for up to RM2 million for 6 years. The 6 years will be divided into 2 years implementation and 4 years repayment period.
Click here to find out more.
MTDC-microLEAP Peer-to-Peer (P2P) Financing Programme
A social lending programme enabling local technology-based companies to obtain capital through peer-to-peer (P2P) lending from a relatively large number of investors, using an online platform.
SMEs will be able to get debt financing of up to RM500,000 or 30% of funds to be raised per campaign, whichever is lower, with the financing rate determined by the P2P platform.
Click here to find out more.
MTDC-pitchIN Equity Crowdfunding (ECF) Programme
An equity crowdfunding programme enabling local technology-based companies to obtain capital through equity investment from a relatively large number of public investors, using an online platform.
SMEs will be able to get equity financing of up to RM900,000 or 30% of funds to be raised per campaign, whichever is lower.
Click here to find out more.
National Technology & Innovation Sandbox (NTIS) Fund 1 (Single Site Sandbox)
A programme that allows researchers, innovators and entrepreneurs to test their products and services in a live environment and qualify for grants to bring those products and services to market. Funds testing and validation in a live environment at a single site.
SMEs will be able to get a grant of up to RM250,000 or 100% of funds to be raised, whichever is lower for 6 months.
Click here and here to find out more.
National Technology & Innovation Sandbox (NTIS) Fund 2 (Multiple Site Sandbox)
A programme that allows researchers, innovators and entrepreneurs to test their products and services in a live environment and qualify for grants to bring those products and services to market. Funds testing and validation in a live environment at multiple sites.
SMEs will be able to get a grant of up to RM500,000 or 70% of funds to be raised, whichever is lower for 6 months.
Click here and here to find out more.
National Technology & Innovation Sandbox (NTIS) Fund 3 (Commercialisation Sandbox)
A programme that allows researchers, innovators and entrepreneurs to test their products and services in a live environment and qualify for grants to bring those products and services to market. Funds the commercialisation of validated technologies and products.
SMEs will be able to get hybrid matching funding consisting of grants and convertible promissory notes (CPN) for up to RM4 million or 70% of funds to be raised, whichever is lower for 18 months.
Click here and here to find out more.
Ministry of Science, Technology and Innovation (MOSTI) and Malaysian Science and Technology Information Centre (MASTIC)
Applied Innovation Fund
Increases the participation of innovators in innovation activities and encourages technological innovation of new products, processes, systems or services that have the potential to be commercialised.
SMEs will be able to get a matching grant where companies must finance at least 30% (monetary or in-kind) of the total cost of the project.
Click here and here to find out more.
Bridging Fund
Aims to reduce the failure gap (Valley of Death) between pre-commercialisation to commercialisation stages and to increase product R&D readiness for market penetration.
SMEs will be able to get a matching grant where companies must finance at least 30% (monetary or in-kind) of the total cost of the project.
Click here and here to find out more.
Cradle Fund – CIP Spark
Conditional grant funding to support the development and commercialisation of technology start-ups.
SMEs will be able to get a grant of up to RM150,000 for a maximum duration of 18 months.
Click here to find out more.
Cradle Fund – CIP Sprint
Conditional grant funding to assist entrepreneurs in their technology-based business ventures.
SMEs will be able to get a grant of up to RM600,000 for a maximum duration of 18 months.
Click here to find out more.
Strategic Research Fund (SRF)
Supports the development of Science, Technology, Innovation and Economy (STIE). It encompasses research, new technology, processes, innovative products or added value to existing technology/products that have a significant impact on society, the economy and national concerns as outlined in the National Science, Technology and Innovation Policy (DSTIN).
SMEs will be able to get a matching grant where companies must finance at least 30% (monetary or in-kind) of the total cost of the project.
Click here and here to find out more.
Technology Development Fund 1 (TeD1)
Aims to develop existing concepts related to the design of technology, processes or products that have the potential to be commercialised, and to stimulate the growth of research and technology development among government research institutes, STI agencies, higher education institutions, polytechnics, community colleges and industries.
SMEs will be able to get a matching grant where companies must finance at least 30% (monetary or in-kind) of the total cost of the project.
Click here and here to find out more.
Technology Development Fund 2 (TeD2)
Aims to develop existing concepts related to the design of technology, processes or products towards commercialization to reduce the failure gap (Valley of Death), and stimulate the growth of research and technological development through a network of cooperation between government research institutes, government STI agencies, institutes of higher education and industries.
SMEs will be able to get a matching grant where companies must finance at least 30% (monetary or in-kind) of the total cost of the project.
Click here and here to find out more.
SME Corp
Business Accelerator Programme (BAP 4.0)
An integrated assistance programme enhancing the capabilities of micro, small and medium enterprises (MSMEs) through business advisory services and financial support.
SMEs will be able to get a matching grant of up to RM400,000 or 50% of funds to be raised on reimbursement basis for up to 12 months.
Click here to find out more.
Programme for Enhancement of Strategic Industry and High Growth Enterprise (PRESTIGE)
Aims to develop high growth SMEs in strategic sectors such as medical devices, biotechnology, aerospace and rail etc in line with the National Entrepreneurship Policy (DKN 2030).
SMEs will be able to get a matching grant of up to RM500,000.
Click here to find out more.
Want more resources?
For an exhaustive list of the public and private initiatives available to support SME business activities, check out the Malaysian Global Innovation & Creativity Centre (MaGIC)’s resource directory and the MSME development programmes listed on the SMEinfo portal.
