ABSS eligible for MDEC matching grant

Get your 50% Matching Grant with
Malaysian Govt SME Digitalisation Initiative

In conjunction with Budget 2020, the Ministry of Finance (MOF) and Malaysian Digital Economy Corporation (MDEC), is now awarding grants for local Small-to-Medium enterprises/businesses (SME/SMB) to adopt digitalisation (best practice, efficient technology) into their business.

The government will provide a 50% matching grant of up to RM5,000 per company for the subscription of the selected services. This means if an SME business buys up to RM10,000 of accounting software, the government will pay for 50% of whatever you spend (T&Cs apply).

This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to upgrade their systems.

Customers who purchase ABSS solutions can now apply for the government assisted 50% matching grant.

To be eligible, you must fit the following criteria:

MDEC Customer Eligibility Checklist

  • Malaysian registered companies classified as SMEs only
  • Be at least 60% Malaysian owned
  • Have been in business for at least 1 year
  • Operations status
    If 1-year operation, annual sales must be a minimum of  RM100,000.00, or
    If more than 1 year annual sales must be a minimum of RM50,000.00 each year.

Contact us if you need more information.

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