COMPANY PROFILE
The Malaysian Investment Development Authority, abbreviated MIDA, previously known as Malaysian Industrial Development Authority is the government's principal agency to oversee and drive investment into the manufacturing and services sectors in Malaysia.
Grant Name
Domestic Investment Strategic Fund
Agency Name
Malaysian Investment Development Authority
Amount
RM1 Million
Type
Matching Grant
Category
SME
Sector
Manufacturing, Services
Purpose
This grant aims to accelerate the shift of Malaysian-owned companies in targeted industries to high value-added, high technology, knowledge-intensive and innovation-based industries, and to harness and leverage on outsourcing opportunities created by MNCs operating in Malaysia and enable Malaysian-owned companies to obtain international standards/certifications in strategic industries.
Requirement / Criteria
1. Incorporated under the Companies Act, 1965 / Companies Act, 2016.
2. New companies in the manufacturing and services sectors with Malaysian equity ownership of at least 60%.
3. Existing companies in the manufacturing and services sectors with Malaysian equity ownership of at least 60% undertaking reinvestments (expansion / modernization / diversification).
4. Companies producing promoted products / engaged in promoted activities in the focusing sectors.
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