Finance – VeecoTech

e-Invoicing in Malaysia: What You Need to Know (2025 Guide)

VeecoTech Team — Mon, 10 Mar 2025 09:00:53 +0000

Have you heard the word on the street? All Malaysian companies will soon need to implement e-Invoicing!

It’s part of the Government’s initiative to increase the efficiency of Malaysia’s tax administration management. We’ll start to see these changes starting from 1st August 2024.

So make sure your company stays compliant, by keeping pace with these changes. From the implementation timeline to a step-by-step workflow, learn all the essentials in this complete guide.

What is e-Invoicing?

First things first, e-Invoicing is a digital representation of a transaction between a supplier and a buyer. It replaces traditional paper documents or electronic documents, such as invoices, credit notes, and debit notes.This format allows the invoice data to be processed electronically and automatically.

This structured electronic invoice contains all the data from the supplier, such as supplier and buyer details, item description, and quantity, in a machine-readable format. This data can be automatically transferred into the buyers account payable (AP) system, removing the need for manual entry.

This quality sets it apart from paper invoices and digital forms of invoices (e.g., PDFs, images) which need to be manually viewed and manually entered into AP systems. In fact, e-Invoices do not include a visual representation of the data (although they can be rendered or transposed into visual forms if needed).

The graphic below by the Inland Revenue Board of Malaysia (IRBM), also known as Lembaga Hasil Dalam Negeri (LHDN), perfectly summarises what is and isn’t an e-Invoice:

Source: Inland Revenue Board of Malaysia (IRBM)

Types of e-Invoices in Malaysia

Here are a few types of e-Invoices to be issued in Malaysia:

Invoices: A document detailing a transaction between a supplier and buyer, including self-billed e-Invoice to record an expense.
Credit notes: A document issued by suppliers to correct errors, apply discounts, or record returns – to reduce the value of a previously issued e-invoice (in situations where money is not returned to the buyer).
Debit notes: A document used to record additional charges on a previously issued e-Invoice.
Refund notes: A document issued by suppliers to validate the refund of a buyer’s payment (in situations where money is returned to the buyer).

What are the Transaction Types Covered Under e-Invoicing?

e-Invoicing covers transition types such as:

Business-to-Consumer (B2C): Transactions, interactions, or relationships from a business to the end consumer.
Business-to-Business (B2B): Transactions, interactions, or relationships from a business to another business(es).
Business-to-Government (B2G): Commercial transactions from business to government entities.

What are the Benefits of e-Invoicing?

At its core, e-Invoicing helps businesses to improve efficiency and increase tax compliance. Curious to know how exactly e-Invoicing will benefit you? We’ve listed the overall benefits down below:

Reduce Manual Efforts and Human Errors: Forms a united invoicing process through the creation and submission of transaction documents electronically and automatically to IRBM.
Facilitate Tax Return Filing: Integrates with systems seamlessly to achieve efficient and accurate tax reporting.
Streamlines Operations: Automates processes, integrates data seamlessly, and improves invoice management, thus increasing efficiency, and saving time and costs for larger businesses.
Digitalised Tax and Financial Reporting: Phased implementation supports MSMEs in gradually transitioning to digitalised tax and financial reporting, according to industry standards.

Let’s make e-invoicing painless

We’ve got the cure. Our middleware handles compliance, so you can focus on business.

What is the e-Invoice Implementation Timeline

To ensure a smooth transition, e-Invoice will be implemented in several phases. The table below shows the implementation timeline:

Implementation Date*	Targeted Taxpayers
1 August 2024	Taxpayers with an annual turnover or revenue of more than RM100 million.
1 January 2025	Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million.
1 July 2025	All other taxpayers.

*Note: Taxpayers can choose to voluntarily implement e-Invoice earlier than the mentioned dates.

In What Scenarios Do e-Invoices Need to Be Issued

Businesses will need to issue e-Invoices in the following scenarios:

Proof of Income and Expense

No.	Scenario	Details
1	Proof of Income	Issued whenever a transaction (e.g., sale) is done to verify the income of taxpayers.
2	Proof of Expense	Issued as evidence of spending (e.g., purchases, returns, discounts) by taxpayers. It can also be used to adjust (correct or subtract) the amounts documented in an income receipt. *Note: In certain situations, taxpayers may also need to issue a self-billed e-Invoice to record an expense.

How to Submit an e-Invoice in Malaysia

Source: I nland Revenue Board of Malaysia (IRBM)

Do note that this entire e-Invoice workflow is done via MyInvois Portal and / or API. Here’s a quick rundown of how this process works:

Step 1 – Issuance of e-Invoice: The supplier creates an e-Invoice to document a sale or transaction. Then, they send the e-Invoice to IRBM via MyInvois Portal or API for validation.

Step 2 – Validation of e-Invoice: IRBM performs the validation in near-real time. If the e-Invoice passes the required standards and criteria, the supplier will receive a Unique Identifier Number from IRBM via MyInvois Portal or API.

Step 3 – Notification of Validated e-Invoice: The supplier and buyer will be notified by IRBM via MyInvois Portal or API once the e-Invoice has been validated.

Step 4 – Sharing of e-Invoice: The supplier needs to share the validated e-Invoice, which is embedded with a QR code, with the buyer. This QR code allows them to validate the existence and status of the e-Invoice via MyInvois Portal.

Step 5 – Rejection or Cancellation of e-Invoice: A stipulated time frame is given for the buyer to request for e-Invoice rejection, and the supplier to cancel the e-Invoice.

Step 6 – MyInvois Portal: The supplier and buyer can view a summary of the e-Invoice transactions on the MyInvois Portal.

Who Needs to Comply With e-Invoicing?

In Malaysia, all taxpayers who are conducting commercial activities in the country are required to make e-Invoices. Here is a list of individuals and legal entities who are required to comply OR are exempted from e-Invoicing:

Required to Comply	Exempted*
1. Associations	1. Ruler and Ruling Chief
2. Body of persons	2. Former Ruler and Ruling Chief
3. Branches	3. Consort of a Ruler of a State
4. Business trusts	4. Consort of a Former Ruler of a State
5. Co-operative societies	5. Government
6. Corporations	6. State government and state authority
7. Limited liability partnerships	7. Government authority
8. Partnerships	8. Local authority
9. Property trust funds	9. Statutory authority and statutory body
10. Property trusts	10. Facilities provided by the above government, authority, or body
11. Real estate investment trusts	11. Consular offices and diplomatic officers, consular officers and consular employees
12. Representative offices and regional offices	12. Individual who is not conducting business
13. Trust bodies	13. Small traders with sales below RM150,000 (e.g., hawker stalls, roadside stalls)
14. Unit trusts

*Note 1: Any entities, such as companies and limited liability partnerships, owned by these persons are still required to implement e-Invoice.

*Note 2: An e-Invoice is not required for these types of income or expenses: (1) employment income pension, (2) alimony, (3) distribution of dividend in specific circumstances, and (4) zakat.

Let’s make e-invoicing painless

We’ve got the cure. Our middleware handles compliance, so you can focus on business.

What Are My Data Integration Options for e-Invoicing?

Here are three e-Invoice integration options to consider:

No.	Mechanism	Key Features	Considerations
1	MyInvois Portal hosted by IRBM	Enables individual generation through a detailed form. OR Enables batch generation through spreadsheet upload to process multiple transactions.	Accessible to all taxpayers. Businesses that need to issue e-Invoice but API connection is unavailable. Ideal for MSMEs. May not be suitable for large transaction volumes. Requires an in-house IT team to modify the ERP system to meet IRBM’s requirements. High ongoing maintenance cost to meet evolving IRBM standards. Requires a Licensed Certification Authority to obtain a digital signature for each invoice.
2	Application Programming Interface (API)	Enables businesses to transmit high-volume transactions. Methods include: Direct integration of taxpayer’s ERP system with MyInvois System Via Peppol technology providers Via non-Peppol technology providers	API connection may be made directly to IRBM or through intermediary technology. Ideal for large taxpayers or businesses with large transaction volume. Requires upfront investment in technology and adjustments to existing systems.
3	Middleware	Connects ERP systems with IRBM’s MyInvois System. Allows the integration of multiple software applications that use different protocols, data formats, or technologies.	Smooth and straightforward integration with existing systems. Maintenance of the system is handled by a third-party service provider. Provides detailed insights through reporting capabilities (depending on the middleware solution). Ideal for large taxpayers or businesses with large transaction volume. May not be suitable for smaller companies (e.g., MSMEs). Requires a deep understanding of the MyInvois System and middleware solution.

No.

Mechanism

Key Features

Considerations

MyInvois Portal hosted by IRBM

Enables individual generation through a detailed form.

Enables batch generation through spreadsheet upload to process multiple transactions.

Accessible to all taxpayers.
Businesses that need to issue e-Invoice but API connection is unavailable.
Ideal for MSMEs.
May not be suitable for large transaction volumes.
Requires an in-house IT team to modify the ERP system to meet IRBM’s requirements.
High ongoing maintenance cost to meet evolving IRBM standards.
Requires a Licensed Certification Authority to obtain a digital signature for each invoice.

Application Programming Interface (API)

Enables businesses to transmit high-volume transactions.
Methods include:
1. Direct integration of taxpayer’s ERP system with MyInvois System
2. Via Peppol technology providers
3. Via non-Peppol technology providers

API connection may be made directly to IRBM or through intermediary technology.
Ideal for large taxpayers or businesses with large transaction volume.
Requires upfront investment in technology and adjustments to existing systems.

Middleware

Connects ERP systems with IRBM’s MyInvois System.
Allows the integration of multiple software applications that use different protocols, data formats, or technologies.

Smooth and straightforward integration with existing systems.
Maintenance of the system is handled by a third-party service provider.
Provides detailed insights through reporting capabilities (depending on the middleware solution).
Ideal for large taxpayers or businesses with large transaction volume.
May not be suitable for smaller companies (e.g., MSMEs).
Requires a deep understanding of the MyInvois System and middleware solution.

VeecoTech Middleware: The Hassle-Free Solution for e-Invoicing

We hope this article provided useful insights into Malaysia’s e-Invoicing initiative! From this overview, it’s clear that e-Invoices will help local businesses simplify invoicing processes and increase efficiency in the long run.

However, implementing a new system can be resource-intensive and time consuming. From keeping the business running during these changes to experiencing poor support and training, businesses face a variety of challenges in choosing and executing the right transmission mechanism or integration.

Here is where VeecoTech’s middleware solution comes in. We make the implementation process a breeze, ensuring business runs as usual.

VeecoTech, an MDEC-approved Digital Provider since 2022, is a leading software development agency based in Malaysia and Singapore. We specialise in a wide range of services, including website design and development, search engine optimisation (SEO), and e-commerce solutions.

Why Choose VeecoTech Middleware?

Intelligent Retry Mechanism: Automatically retries if the initial attempt to connect with IRBM fails, ensuring your invoices are submitted without the need for manual intervention.
100% IRBM Compliance: Updates regularly and automatically to reflect new compliance standards.
User-Friendly Login Interface: Features a user-friendly interface for accessing and managing your invoice tasks, designed for individuals of any skill level.
IRBM Recommended Invoice Format: Allows you to download invoices in the IRBM recommended format, consisting of all 55 required fields (as of 28th June 2024), directly from our system.
Authorised Digital Certificate & Signature: Ensures every invoice submitted has a mandatory unique digital signature, as VeecoTech is an MDEC-appointed Licensed Certification Authority.
Integration with ERP system: Integrates smoothly with your existing ERP system, synchronising invoicing data, enhancing operational efficiency, and maintaining accurate financial records.
Reporting Capabilities: Provides detailed insights into your invoicing operations.
Continuous Support: VeecoTech provides continuous support pre and post implementation of the middleware, maintaining and resolving any issues with the system.

Jumpstart Your e-Invoicing System With VeecoTech Today!

Let’s make e-invoicing painless

We’ve got the cure. Our middleware handles compliance, so you can focus on business.

FAQ

What is the meaning of e-Invoicing?

e-Invoicing is a digital representation of a transaction between a supplier and buyer. This electronic invoice document is transmitted in a structured data format (e.g., XML, JSON).

This format allows information to be processed automatically and electronically. Do note that digital forms of invoices such as PDFs and JPGs are not e-Invoices.

Learn more about what e-Invoicing is in this section.

Is e-Invoicing mandatory for Malaysia?

Yes. By 1st July 2025, all taxpayers in Malaysia that are involved in commercial activities must implement e-invoicing.

Learn more about the implementation timeline in this section.

Who is the e-Invoice authority in Malaysia?

e-Invoice activities are overseen by the Inland Revenue Board of Malaysia (IRBM), also known as the Lembaga Hasil Dalam Negeri (LHDN).

Can taxpayers continue claiming tax deduction / personal tax relief without an e-Invoice?

Yes, taxpayers can continue to claim tax deductions and personal tax relief with existing documents until the mandatory implementation period.

Does e-Invoice only apply to transactions in Malaysia?

No, e-Invoice applies to both transactions in Malaysia and cross-border transactions.

Why do we use e-Invoicing?

e-Invoicing is part of the Government’s efforts to increase the efficiency of Malaysia’s tax administration management. Businesses will use e-invoicing to streamline operations and improve tax compliance.

Learn more about the benefits of e-Invoicing in this section.

What is the process of e-Invoicing?

In the Malaysian context, e-Invoicing is a 6 step process:

Issuance of e-Invoice
Validation of e-Invoice
Notification of validated e-Invoice
Sharing of e-Invoice
Rejection or cancellation of e-Invoice
MyInvois Portal

Learn more about the process in this section.

Who needs to make an e-Invoice?

In the Malaysian context, all taxpayers (suppliers) conducting commercial activities in the country need to make e-Invoices.

Learn who is required to comply OR exempted in this section.

How many types of e-Invoice are there?

There are four types of e-Invoices: invoices, credit notes, debit notes, and refund notes.

Learn more about these e-Invoice types in this section.

Your Detailed Guide to MSME Digital Grant MADANI 2023

VeecoTech Team — Mon, 27 Jan 2025 09:00:53 +0000

First introduced in 2020, the SME Digitalisation Grant 2023 remains true to its mission of providing financial support to businesses.

This grant offers matching grants of RM5,000, making it easier for businesses to embrace cutting-edge digitalisation and automation technologies in their operations.

With strong government support, this invaluable initiative has been extended, and an allocation of RM100 million has been set aside to bolster the grant further.

Now, let’s delve into the specifics of this new grant.

What is SME Digitalisation Grant and MSME Digital Grant MADANI?

The SME Digitalisation Grant is a government initiative designed to boost the competitiveness and productivity of businesses by facilitating the adoption of digital services in their daily operations.

It was introduced as part of the 2020 Budget to encourage SMEs to embrace digitalisation in their business operations.

To further support SMEs in these challenging times, the Ministry of Finance Malaysia (MoF) has re-launched the Micro, Small, and Medium Enterprise (MSME) Digital Grant, also known as Geran Digital Perusahaan Mikro Kecil dan Sederhana (PMKS), through the Belanjawan Madani 2023 initiative.

This program is a collaborative effort between the Malaysian government, including the Malaysian Digital Economy Corporation (MDEC), Bank Simpanan Nasional (BSN Bank), and the Malaysian Communications and Multimedia Commission (MCMC).

The MSME Grant is specifically designed for micro, small, and medium-sized enterprises to enhance the digitalisation of their day-to-day business operations by enabling them to acquire digital services from registered Digitalisation Partners (DP) affiliated with the MDEC.

These partners guide and provide digitisation services, with a 50% matching grant available for each company, up to a maximum of RM5,000.

The Areas of Digitalisation Services Available

The MSME Digitalisation Grant 2023 offers comprehensive services to catapult SMEs into the digital age. These services include:

1. Digital Marketing/Sales

This involves employing targeted online strategies such as Website Design, E-commerce platform, Search Engine Optimisation (SEO), Social Media Marketing, etc., to expand market reach and increase sales. The benefits include heightened visibility, broader customer bases, improved conversion rates, and a competitive edge in the digital realm.

2. Digital Payment/e-Point-of-Sales (POS) System

By adopting secure and efficient digital payment solutions, businesses can streamline their sales processes, leading to faster transactions, reduced errors, improved customer experiences, and better financial tracking.

3. HR Payroll System/Customer Relationship Management (CRM)

Automation of payroll management and optimisation of customer relationships drive business growth. Benefits encompass efficient HR processes, accurate payroll handling, enhanced customer satisfaction, and personalised marketing.

4. Enterprise Resource Planning (ERP)/Accounting & Tax

Integrated software simplifies MSMEs’ financial management and provides real-time insights. MSMEs gain improved financial visibility, streamlined operations, better decision-making capabilities, and compliance with tax regulations.

5. Digital Signature

Legally recognised e-signatures help MSMEs secure document authenticity, leading to faster document processing, reduced paperwork, enhanced security, and cost savings.

6. IoT/Intelligent System

Embracing an IoT system is one of the main objectives of Industry 4.0. By integrating smart technology to interconnect and optimise diverse business operations, MSMEs can improve operational efficiency, make data-driven decisions, reduce costs, and enhance customer service.

7. Cyber Security

Ensuring robust cybersecurity is vital for safeguarding your digital assets and sensitive information, particularly in an era of cyber threats. Cybersecurity services like Penetration Testing and Vulnerability Assessment enable you to mitigate these threats, maintain regulatory compliance, and instil customer trust.

These digitalisation services streamline operations and empower MSMEs to remain competitive, adapt to changing market dynamics, and achieve sustainable growth in the digital age.

Apply for MSME Digital Grant Today!

Ready to digitalise your business? Explore our packages and apply now!

Eligibility Criteria for the MSME Digitalisation Grant

To ensure that your business qualifies for the MSME Digital Grant MADANI 2023, please consider the following eligibility criteria:

Ownership Requirements

Your MSME or Cooperative must have at least 60% ownership by Malaysian citizens, emphasising the government’s focus on supporting local entrepreneurs.

Registration Credentials

Your business must be registered with the Companies Commission of Malaysia (SSM)/Local Authorities (PBT) or Malaysia Co-operative Societies Commission (SKM). Proper registration ensures transparency and accountability.

Operational Duration

Your business should have a minimum operational history of six months to be eligible. This criterion helps identify businesses with a degree of stability and commitment.

Annual Turnover

Your business must demonstrate an average annual turnover of at least RM50,000, showcasing your active engagement in economic activities.

Previous Grant Status

MSMEs and Cooperatives that have not previously received Digitalisation Matching Grants are encouraged to apply. This ensures that more businesses can benefit from this valuable opportunity.

Essential Documents for Grant Application

When applying for the MSME Digitalisation Grant, it’s important to have the following essential documents in order to streamline the application process:

Identification

Ensure you have a copy of the identity card or passport of director(s), partner(s), or proprietor(s), whichever is applicable. This helps verify the key individuals involved in the business. Do not add any watermark on your IC copy and ensure your IC copy can be seen clearly.

View Sample of IC (Front)

View Sample of IC (Back)

Business License

Gather your business registration documents, SSM business profile, or SKM registration documents. These documents demonstrate the legitimacy of your business and its compliance with local regulations.

View Sample of SSM Business Profile (For Sdn Bhd)

View Sample of SSM Business Profile (For Sole Proprietor & partnership)

Financial Documents

Prepare your latest audited accounts, management accounts, or the latest two-month bank statements. These financial records provide a snapshot of your business’s financial health and stability.

View Sample of Latest Two-Month Bank Statements

Invoice

Have an invoice or quotation issued by Digitalisation Partners, showcasing the cost of the digitalization services you intend to acquire. This document is vital to understanding the scope of your digitalization project.

View Sample of Quotation

How to Apply for MSME Digital Grant MADANI 2023?

Check out our recent video to learn how to apply MSME Digital Grant:

Follow these steps to apply for the MSME Digital Grant MADANI:

Step 1: Application & Selection

Before contacting your preferred Digitalisation Partner, please verify your eligibility for the MSME Digital Grant.

This grant is accessible to MSMEs and cooperatives that meet specific criteria. If you qualify, ensure you have the documents mentioned above and contact your chosen DP to request a quotation.

Step 2: Approval Process

Once your documents are ready, visit Funding Societies and choose your DP and digital services. Follow the steps on the website to complete the application form.

Upon approval, MSMEs and cooperatives will receive notifications and must make the remaining payment for the selected services within 14 days using a provided payment link.

Step 3: Payment & Service Delivery

Once payment is made, the selected DPs will provide the digital services to the MSMEs and cooperatives. The grant covers 50% of the invoiced amount or up to RM5,000.00.

Step 4: Claim & Disbursement

DPs must submit a claim form and proof of delivery upon service delivery. Once approved, 50% of the total invoice amount (or up to RM5,000.00) will be disbursed to the DPs.

If you choose us as your digitalisation partner, please follow the steps in the image below:

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A post shared by VeecoTech (@veecotech.my)

Apply for MSME Digital Grant Today!

Ready to digitalise your business? Explore our packages and apply now!

Frequently Asked Questions (FAQ) About MSME Grant

Can I apply if I have already gotten the 2020 SME grant?

No. MSMEs or cooperatives that have previously obtained a Digitalisation Matching Grant are not eligible for the MSME Digital Grant MADANI.

Can I apply if I applied but failed to get the 2020 SME grant?

Yes, you can apply.

What’s the highest amount I can request with this grant?

This grant supports up to 50% of the invoiced total or a maximum of RM5,000.00 for each qualified MSME or cooperative to facilitate digitalisation.

Am I allowed to apply for multiple services through this initiative?

Absolutely, you can apply for up to three different digital services using the MSME Digital Grant MADANI.

What’s the processing time for applications?

The application process typically lasts for up to 3 working days. Upon submitting your application, it undergoes a review for approval. You will receive an email notification regarding the status of your application.

What documents do I need to prepare for the grant application?

You will need to provide:

Completed online application form
A copy of the Owner/Director/Partner’s NRIC
Your business registration license or SSM business profile
Most recent audited/management accounts or the last two months’ bank statements

Why was my MSME Grant application rejected by Funding Societies?

Past grant recipient: Please check if you have applied for the previous SME Grant. You are not eligible for this grant if you have received the previous grant. If there is any dispute, please contact BSN for clarification.
Incomplete SSM profile: Ensure that your SSM Business profile and documents are completed.
Unclear/Watermarked IC copy: Please avoid adding any watermark to your IC and ensure all the details can be seen clearly.

How much do I pay upfront?

You will need to clear the remaining invoice balance (minus the grant) to the Digitalisation Partner through Funding Societies’ payment services within 14 days.

After the service is provided, the Digitalisation Partner will get 50% of the total invoice amount or up to RM5,000.

How to make the payment?

You will receive an email containing a unique payment link. Please make your payment through that link.

What’s the next step after I receive the grant approval notice?

Once you have the grant approval notice, kindly forward your payment receipt and the notice to mdec@veecotech.com. We will then reach out to you shortly.

Fuel Business Growth with RM100k Funding: A Guide to NTIC’s CoE Matching Grant

VeecoTech Team — Wed, 15 Jan 2025 09:00:21 +0000

Ever felt that your company has a wealth of untapped potential just waiting to be harnessed?

Navigating the R&D arena often means addressing obstacles such as limited resources or compliance requirements overwhelming even the most determined entrepreneur.

But what if we told you there’s an extraordinary opportunity to not only relieve these pain points but catapult your business into the forefront of innovation?

Here’s the answer: the NCIA Centre of Excellence (CoE) RM 100k Matching Grant.

This funding tool aims to empower NCER companies across key industries, giving them access to cutting-edge resources and matching up to RM100k to fuel their ventures.

And with VeecoTech as an approved CoE provider, you’re promised top-tier support every step of the way.

In this article, we’ll unveil the actual value of this grant, walk you through eligibility and application details, emphasise the advantages of partnering with VeecoTech, and set you on course for transformative, innovation-driven growth.

Let’s get into it.

What Makes This Grant Valuable?

On the surface, the NCIA Centre of Excellence (CoE) RM 100k Matching Grant is understandably attention-grabbing, not only for the considerable funding figure but its 50% matching scheme (which means your business pays 50% and the NCIA pays the other 50% or up to RM 100,000 depending on your project cost) .

What this means is that business investment is effectively doubled, fuelling impactful innovation while mitigating financial risk.

Aligning The Grant’s Benefits with NTIC’s Mission

The RM 100k Matching Grant shines brightly under the ambitious roof of the NCER Technology Innovation Center (NTIC).

Integral to the “Tech Valley” initiative, NTIC’s mission is a beacon in the landscape of tech innovation, weaving together government, society, academia, and business to shape talent and nurture a dynamic industry ecosystem.

The innovation centre targets diverse players — from MNCs and LLCs to SMEs, young entrepreneurs, and startups, providing a launching pad to spearhead transformative technology innovation activities.

As a potential Centre of Excellence (CoE) User, businesses will seamlessly become a part of this narrative.

The RM 100k Grant aligns perfectly with NTIC’s objective of nurturing local companies through high-impact technology activities, empowering you to redefine your innovation trajectory.

That’s truly where this grant shines most–in its transformative power. It’s intended as an investment not just in a business’ immediate endeavours but in its long-term standing within the industry.

In short, the CoE RM 100k Grant isn’t merely a financial opportunity; it’s a compass guiding you toward long-term innovation and growth.

Who is Eligible and How to Apply?

Eligibility for the RM 100k Matching Grant extends to micro, SME, and large enterprises operating in the Northern Corridor Economic Region (NCER) of Malaysia–namely Perlis, Penang, Kedah, and Perak.

The focus is on contributing to key industries that align with NTIC’s mission, creating a vibrant innovation ecosystem. Industries supported include:

Electrical & Electronics
Machinery & Equipment
AgriTech
MedTech
Aerospace

Here are some more details on how you can apply, as well as where to look for support and some key points to remember:

The Application Process

Firstly, you’ll need to align your project with NTIC’s priorities.

To be a successful applicant, your project should be linked to transformative technological activities that bolster innovation and long-term economic growth. In these particular areas of focus:

Digital Economy
Smart Firming
Digital Tourism
Smart Learning
Great Economy
Smart Supply Chain
Smart Logistics
Smart Machinery
Smart Manufacturing

Secondly, prep your documents. Demonstrate your potential by showing how your project aligns with the NCER technology transformation narrative. Include detailed plans, deliverables, costings, and a proposed timeline.

Finally, submit your application. Make sure you’ve completed all fields and answered all questions before submitting your application.

Key Points to Consider

The grant term programme is valid under RMK-12 until 2025.
Even if your application doesn’t get approval on the first attempt, don’t worry. Account managers are available to advise you on improvements.
The minimum project cost eligible for this grant is RM5,000.
Remember to apply for your project as a whole rather than in phases.
The project duration should not exceed a maximum of 12 months from the date of approval.
The application process typically takes around 30 working days–don’t worry if you don’t hear anything back before then.

Ready to boost your business potential with the RM 100K NCER Grant? Follow these steps to apply today!

VeecoTech Solutions’ Role

Navigating the ins and outs of a grant application might seem daunting, but believe it or not, businesses don’t have to scale this height alone.

Enter VeecoTech, an approved NTIC CoE provider.

Specialising in software development, mobile app development, web development & cyber security capabilities and a trusted 3-time Malaysian grants Digital Provider (in this case, CoE Provider) we are not just about delivering solutions, we are committed to bringing businesses forward with financial support opportunities like the CoE User Grant.

Reach out to us here and receive steady support and expert guidance through every step of your solution development process.