SME Digitalization Grant

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Malaysian SMEs can now apply for government-matched grants


In conjunction with 2020 Budget, the Ministry of Finance (MOF) is giving out grants to Small & Medium Enterprises (SME) to adopt digitalization in daily operations.

The Government will provide a 50% matching grant of up to RM5,000 per company for any digital marketing services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to upgrade their systems.

Choose Your Digital Solutions


As a TSP (Technology Supplier Providers) appointed by MDEC, we strive to deliver our best services and products to you and your business. Choose from the list of digitalization services available here to kickstart your journey

Eligibility for SME Digitalization Grant


  • Available to SME and Cooperative ("Koperasi") registered under the relevant laws of Malaysia;
  • The SME is at least 60% owned by Malaysian;
  • The SME/ Coop has been in operation for at least six (6) months; and
  • The SME/ Coop has minimum average annual sales turnover of RM50,000.

How to Apply?


Follow these steps to apply for your SME Digitalization Grant:

Step 1

Contact and appoint Marketing Connection as your TSP to kick-start your digitalization plans.

Step 2

Choose your digital marketing solutions with Marketing Connection.

Step 3

Marketing Connection will assist you for the documentation checking & audit before submitting them for approval.

Step 4

Once your application is approved, you will receive a notifications from BSN.

Step 5

The bank will pay the balance 50% of your total invoice amount, up to a maximum of RM5,000 to Marketing Connection.

Frequently Asked Questions

1What is SME Digitalization Initiative?

SME Digitalization Initiative is a new grant initiative provided by the Ministry of Finance Malaysia to assist Small and Medium Enterprises ("SME") to adopt digitalization in their business operations.

As announced in Malaysia's Budget 2020 presentation, the Government will provide a 50% matching grant of up to RM5,000.00 per SME over a period of 5 years for the subscription of digital services that will enhance their productivity and competitiveness.

Following the Pemerkasa announcement in March 2021, under Initiative #9, Cooperative ("Koperasi") sector has been encouraged to apply for the grant to receive the similar benefits afforded to SMEs.

2What are the grant details for the SME Digitalization Initiative?
  • Grant
    This matching grant is limited to one (1) application per Applicant only, however, Applicants are allowed to apply up to three (3) digital services with one (1) or more service providers that is endorsed by MDEC ("Service Provider").
  • Availability
    This grant facility is provided by the Government for a period of five (5) years beginning from 17th February 2020 or upon reaching 100,000 applications, whichever comes first.
  • Fees
    No fees imposed.
3What are Technology Solutions Providers (TSP)?

Technology Service Providers (TSPs) are local technology companies identified to support Malaysian SMEs in their digitalization efforts through the SME digitalization grant. SMEs can only engage with approved TSPs to be eligible for the grant.

Marketing Connection is one of the official TSPs approved by MDEC to provide digital marketing services.

4Why choose Marketing Connection as your TSP?
As a TSP appointed by MDEC, Marketing Connection Studio is one of the top leading digital marketing company in Malaysia with over 9 years of experience and also a Google and Facebook Partner. With our extensive knowledge in E-commerce and digital marketing, we will help SMEs such as yours to launch your business toward digitalization.
5Who is eligible to apply for SME Digitalization Initiative?

Applicant must possess the following criteria:

  • Available to SME and Cooperative ("Koperasi") registered under the relevant laws of Malaysia;
  • The SME is at least 60% owned by Malaysian;
  • The SME/ Coop has been in operation for at least six (6) months; and
  • The SME/ Coop has minimum average annual sales turnover of RM50,000
6What are the documents to be submitted for the application?

Required Documents

Type of Entity
Sdn Bhd Registered Before 31 Jan 2017 Sdn Bhd Registered After 31 Jan 2017 Partnership Sole Proprietor
Completed SME Digitalization Initiative Application Form
Copy of Identity Card or Passport Director(s) Director(s) Partner(s) Proprietor(s)
Copy of business registration licenses
  • Form 9, 24, 49 and M&A (Compulsory need to submit)
  • Form 13 (if any)
  • Section 17, 14 & 58 (Compulsory need to submit)
  • Section 28 & 78 (if any)
Form A / B (Compulsory need to submit) Form A / B (Compulsory need to submit)
Latest audited account with official company stamp and signature on every relevant page, inclusive of page 1 and all pages of the statement of changes in equity, statement of cash flow, and notes to financial statements.
Latest 5 months management account (P&L and Balance Sheet) with official company stamp and signature
Company's bank statement for the last two (2) months
Company's profile
Invoice/ Billing and Service agreement (Service Order Form) from authorized vendor listed by MDEC (Both documents need client's official company stamp and signature)
Any other information and documents as and when required by the bank
7How to apply for SME Digitalization Initiative?
  • The Applicant must contact and appoint Marketing Connection Studio as the TSP (Panel listed in MDEC) to perform any of the digitalization services available (maximum of 3 digital services).
  • The Applicant is to complete and submit the application form along with required documents to the Service Provider.
  • The Service Provider is to submit the application form together with the supporting documents to the Bank.
  • Once the application is approved, subject to the total invoice amount, the Applicant is responsible to pay the difference of the total invoice after deducting the subsidized amount granted from the Initiative for each digitalization service to the Service Provider.
  • The Bank will then make a direct 50% payment of the total invoice amount or up to RM5,000.00 to the Service Provider in one lump sum payment or in stages based on the Bank’s discretion.
8How can I get more information regarding the SME Digitalization Initiative?

MDEC (Malaysia Digital Economy Corporation Sdn Bhd)
1-800-88-8338

BSN (Bank Simpanan Nasional)
1-300-88-1900

Marketing Connection Studio Sdn Bhd
017-5231580


Contact Us


We will reply your email as soon as possible. Do expect our reply within one business day or call us at 0175231580.

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