Matrade revises guidelines on SME development grant
June 9 2006 - BUSINESS TIMES
SMALL- and medium-sized enterprises (SMEs) are now able to obtain a 50 per cent reimbursable matching grant on eligible activities with no limit.
This comes under the revised guidelines for market development grant (MDG) for SMEs.
Prior to this, the maximum grant was RM100,000 per company, said Malaysia External Trade Development Corp (Matrade) in a statement yesterday.
Export promotion activities that are eligible under the grant are for participation in trade and investment, specialised market missions, international trade fairs, in-store promotion overseas and industry-related international conferences.
However, SMEs are not eligible for the grant for repeat participation in activities which include participation in trade and investment and specialised marketing mission to the same cities, in the same international trade fair held in same country, in-store promotion overseas in the same venue, and the same industry-related international conference overseas.
Matrade has been providing the MDG to SMEs since 2002, with the objective of encouraging and assisting SMEs in undertaking export promotion activities.
Meanwhile, some 200 staff of Matrade, now occupying the offices at Wisma Sime Darby and Wisma PKNS in Jalan Raja Laut, will move to their new premises at Menara Matrade in Jalan Duta, Kuala Lumpur by January next year.
The new Menara Matrade was handed over to the Ministry of International Trade and Industry by the Public Works Department last month.
Matrade chief executive officer Datuk Merlyn Kasimir said besides Matrade, the Small and Medium Industry Development Corp (Smidec) will occupy the new Matrade building.
"It will serve as a one-stop centre for those who have to deal with the two agencies (Matrade and Smidec)," he said at the launch of Matrade networking session in Kuala Lumpur yesterday.
With the relocation, Kasimir said the Malaysia Export Exhibition Centre (MEEC) will have a larger exhibition space, about four times larger than its existing space at Wisma PKNS. At present, the MEEC occupies a display area of about 1,000 sq m.