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ABOUT BUSINESS ACCELERATOR PROGRAM (BAP)

REACH OUT TO US

WHAT DO YOU NEED TO KNOW?

https://mybpi.smecorp.gov.my/ 

> Applications can only be made via online 


> It is compulsory to obtain SME Status Certification. Please apply here.


> It is recommended to apply for SCORE  when applying for this assistance 


CONTACT US →

Business Accelerator Programme (BAP 3.0) is an integrated assistance programme aimed to enhance the capabilities of small and medium enterprises (SMEs) through business advisory services and financial support. This programme supports a wide range of capability building initiatives to assist SMEs to grow and expand their businesses locally and globally. 

The grant riven is 50% up to RM400,000.

BAP 3.0 is open to apply from 4th March 2024 to 31st March 2024, OR untill the applications reach the maximum allocated commitment (whichever comes first).

Eligibility Criteria:

  • Having a valid MSME Status Certificate
  • Annual sales turnover exceeds RM 300,000 per year
  • At least 60% local equity
  • Having a valid business premises license from Local Authorities
  • At least 12 months in operations from the date of application
  • Majority / common shareholders in 2 or more companies are only eligible to submit 1 application
  •  Companies that have received BAP 3.0 grants in 2021 and 2022 are not eligible to apply
  •  The same project that has been approved under any other SME Corp. Malaysia programmes is not eligible
  • Open to all economic sectors EXCEPT sectors related to primary agriculture, financial, insurance, real estate, and securities trading sectors (priority will be given to high growth industries)

Project Scope:

  • Acquisition of Machinery & Equipment (Productivity & Automation)
  • ICT Adoption & E-Commerce
  • ESG (Environment, Social & Governance) Adoption
  • Product Certification
  • Advertising & Promotion (limited to RM 50,000 only)


    Processing Fees:
  • RM 500 for application processing (charged upon submission of application) 
  • RM 300 for appeal processing (if applicable)


Matching Grant 

Matching grants are financial assistance and advice provided by the government to SMEs for improvement activities that will contribute to increased productivity and profitability of the company.



SME Corp
Business Accelerator Programme (BAP 3.0)

IME Group of Companies @ Copyright 2024

Interested to know about other Government grants and funds?

50% Matching Grant of eligible expenses (maximum RM 400,000)