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FINANCING SCHEME

SME Technology Transformation Fund (STTF)

Provider

SME Bank

Objective

SME Technology Transformation Fund (STTF) is part of the Government’s economic stimulus package to provide financial assistance to Small and Medium Enterprises (SMEs) to adopt digitalization and/or automation in their business operations in achieving higher productivity, process efficiency, efficient cost management and greater market penetration

Funding Amount

RM100,000 to RM3.0 million

Purpose of Financing

Technology Development

Eligibility

  1. Registered with Suruhanjaya Syarikat Malaysia (SSM), or authorities/district offices (for Sabah and Sarawak), or statutory bodies for professional service providers
  2. Shareholding by Public Listed Companies or Government Linked Companies (if any) shall not exceed 20%
  3. At least 51% of shares held by Malaysian residing in Malaysia;
  4. At least 2 years in operations;
  5. Financially solvent; and
  6. No legal action against the Company or any of its director/ shareholder/ partner/ owner/ guarantor under the laws of Malaysia

Scope of Funding

  1. Equipment and or machinery
  2. Computer hardware and software
  3. Technology support services
  4. Other intangible assets to enhance productivity and efficiency
  5. IT solutions and services

Application Procedure

Fill the form to get the application procedure link

  • +603 2615 2020/ +603 2603 7700
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