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We Are Loops

A DIGITAL SOLUTIONS PARTNER

A Loops Venture
Penjana SAG Grant

PROPELLING SME & MTC AUTOMATION FOR THE MANUFACTURING AND SERVICES SECTOR

The Smart Automation Grant is offered to Malaysian Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in Manufacturing and Services Sector.
The grant will be given on a matching basis (1:1) based on eligible expenditures, up to a maximum grant of RM1 million per company.
What is the

SAG GRANT ABOUT?

Objective:
  • To assist as well as incentivise SMEs and MTCs to automise and digitalise operations, production and trade channels

 

  • To improve efficiency in the manufacturing and services sector

 

  • To reduce reliance on low-skilled foreign workers

 

  • To provide job opportunities in high value-added sectors

 

  • To enhance SME competitiveness on an international level

 

  • To be aligned with the National Policy on Industry 4.0

 

  • To boost domestic investment
Expected

Project Outcomes

Below are the expected project outcomes for the SAG grant:
Increase in revenue
Reduce man hours
Savings in business cost
Create new sources of growth
Reduction of process time cycle
Eligibility

Criteria

  • Incorporated under the Companies Act, 1965/ 2016.

 

  • Malaysian owned (at least 51%).

 

  • Possesses a valid Business Licence

 

  • The company must engage in the following activities:
    • Manufacturing activity in compliance with the Industrial Co-ordination Act, 1975; or
    • Services activities which must be regulated by specific acts/ regulations or governed by relevant ministries/ agencies.

 

  • Eligible for SMEs and MTCs only.

 

  • In operation for at least 12 months.

 

  • Meet at least one of the Committed Deliverable

RM1Million Grant up for grabs!

Hurry and get your hands on it before its too late.
Click on the button below and contact us