1. Business Accelerator Programme (BAP)
a. Objectives
- To enhance capabilities of micro, small and medium enterprises.
b. Criteria
- SMEs incorporated under the Companies Act 1965/ Registration of Business Act 1956 & fulfill scope of SME under the new SME Definition
- At least 60% Malaysian equity
- Valid business; acquired business license from the Local Authority & operating in a valid business premise
- At least 6 months in operation and full time business operator
- Must undergo SCORE within 3 months from the date of approval
- SME that is subsidiary for the Public-listed company in the main board such as Bursa Malaysia or Main Bourses in other countries is NOT eligible under the Programme
c. Sectors Coverage
SMEs in all economic sectors except Financial Services and upstream agricultural activities
d. Financing
Two types of financing available under the Business Accelerator Programme (BAP) :
1. Matching Grant
- 40% of the total approved cost (with amount of financing to be determined by SME Corp. Malaysia)
- Eligibility of financing is based on single business entity
- Tenure : Maximum 24 months
- Financing coverage :
- Advertising & Promotion
- Branding
- Certification & Quality Management System
- Innovation
- Product Development – R&D and Design
- Product Packaging & Labeling
- Purchase of Machinery Equipment
(40% grant of the total cost with maximum grant of RM50,000 per company) - Reimbursement basis
2. Soft Loan
- Collaborator : SME Bank
- Amount : RM50,000 to RM1 Million
- Financing : Up to 90% margin of financing (refinancing is not allowed)
- Interest Rate : 4%
- Tenure : up to 10 years (incl. Grace period)
- Financing Coverage :
- Acquisition/Purchase of :
- Machinery & equipment
- Mould & die
- Testing equipment
- Working Capital
- Cost of renovation (related to certification & business expansion)
- Purchase of raw material and stock of goods
- Acquisition/Purchase of :
e. Further Information
Application for Business Accelerator Programme can be made online through the website http://www.smecorp.gov.my/vn2/node/35
For further information please contact:
SME Corporation Malaysia
Level 6, SME 1, Block B,
Platinum Sentral
Jalan Stesen Sentral 2
Kuala Lumpur Sentral,
50470 KUALA LUMPUR
General Line: 03-2775 6000
Fax Line: 03-2775 6001
Info Line 1-300-30-6000
Email: [email protected]
