Matching Grant For Bumiputera Aerospace SMEs (MGBAS)

Maximum: RM2.5 million

Disbursement of the Grant shall be made on reimbursable basis.

The Grant will be given on a matching basis of up to a maximum of 80% based on eligible expenditures, subject to maximum of RM2,500,000/-.

The grant is provided to Bumiputera SMEs in the aerospace sector within the framework of the priority areas as follows:

• Technical training of Malaysians for new projects;
• R&D which covers jigs & fixtures design fabrication, first article, raw material, engineering wages etc.;
• CAPEX for new machinery/ equipment/ tooling/ jigs & fixtures/ mould & die/ IT hardware/ software/ other related expenses;
• Specific customer’s approval on processes; andFirst product qualification & approval; accreditation/ certification/ licensing.

Note: The list above is not an exhaustive list. MITI has the prerogative to include any other priority areas that it deems appropriate.  

Eligible expenditures refer to the overall proposed Project within the framework of the priority areas specified in the Scope of Grant above.

Non-eligible expenditures:

• Purchase or rental of land / building / office;
• Maintenance and repair costs including renovation of premise;Wages paid to employees;Employee benefits programmes;
• Legal and stamp duty fees;
• Insurance.
• Collateral or loan including its interest paid for purpose other than the approved project scope;
• Office expenses and supplies including general purpose computers & peripherals and mobile phones;
• Utility expenses; and
• Advertising and marketing expenses.

Projects are to be completed within 12 months from the date of approval.