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This grant assists Bumiputera Vendor Companies to create or improvise innovative products, services or processes.
The Vendors must comply with the following criteria:
Scope of Project
The Grant focuses on market driven products, processes and services and is supported by Anchor companies through any two (2) of the following phases:
Note: Projects under the earlier phases of Research & Development (R&D) can be considered and subject to approval.
Expenditures deemed appropriate for the development of products, services and processes in the pre-commercialisation and commercialisation phases can be considered. Example of the expenditures are as follows:
Purchase of Fixed Assets not related to the project is NOT ALLOWED.
Concept of Grant
The funding of this Grant is up to 90% of the total cost or maximum of RM1 million, whichever is lower.
Duration of Project
Minimum of 6 months and maximum of 24 months as approved followed by an outcome evaluation within 6 months after the completion of the GIPV project.
Disbursement of Grant
Reimbursement basis or direct payment to the Supplier or equivalent as endorsed and based on the percentage of work completed in line with the approved milestone.
Termination of Grant
The grant may be terminated under reasonable circumstances which include:
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