MIDA – DIAF (ESG Adoption)
A matching basis of either 50:50 or 70:30 based on a case-to-case basis with a maximum reimbursable amount of RM 500,000 per company.
About DIAF
The Domestic Investment Accelerator Fund (DIAF) – ESG Adoption is a matching grant for ESG adoption that was introduced to support Malaysian-owned Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs) in the manufacturing and selected services sectors for the transition into ESG practices.
Applications received by the Malaysian Investment Development Authority (MIDA) from 24 April 2024 will be eligible for consideration for this grant. The approval of these applications are subject to the availability of funding and allocation by the Government of Malaysia and the prevailing policies in force.
Our Objectives
- To facilitate and assist to transition into ESG practices through validation and verification of ESG adoption, certification, disclosures, as well as for the subscription of technology system/ software for the purpose of ESG tracking and data collections.
- To remain relevant and competitive in the global supply chain and to have the opportunity to be aprt of the ecosystem for sustainable investment projects
- To enhance prospects for ESG-mandated funds from financial institutions, venture capital and private equity firms.
Eligible Criteria
1. Company must be incorporated under the Companies Act, 2016
2. Effective equity ownership of the company must be at least 51% Malaysians.
3. The company possesses a valid Business Licence from the respective Local Authority.
4. The companies must engage/ undertake any of the following activities:
- Manufacturing activities where the company must possess a valid Manufacturing Licence (ML) from MITI or the Confirmation Letter for Exemption from ML from MIDA in compliance with the Industrial Coordination Act, 1975; or
- Services activities that are governed/ supervised by relevant ministries/ agencies in the following areas
a) Hotel and Tourism
b) Private Healthcare
c) Private Education
d) Oil & Gas Services
e) Global Establishment – Principal Hub/Global Services Hub
f) R&D Activities
g) Logistics Services
h) Other Services
i.Ship Building Ship Repair
ii.Green Technology Project – Business Purpose
iii.Sterilisation Services
iv.Digital Infrastructure
v.Maintenance, Repair & Overhaul for Aerospace.
5. The company has been in operation for at least 3 years
6. A company is categorised as SME or MTC based on the following criteria:
Note:
- All SMEs and MTCs must be entities registered with the Companies Commission of Malaysia; and
- SMEs and MTCs with shareholders of more than 20% by Public Listed Companies on the main board, Multinational Corporations (MNCs), Public Listed Companies in the main board, Government Link Companies (GLCs), Government Link Investment Companies (GLICs), Government-owned Companies, Syarikat Menteri Kewangan Diperbadankan (MKDs) and StateOwned enterprises (if any) are NOT eligible.
FIND OUT MORE ABOUT THE GRANT
Contact Us
Mr. Sew Chang Wei
Head, Sales
+60 12-457 0213
info@teksoft.com.my
TEKSOFT (SEA) SDN BHD