The Malaysian Industry Development Authority (MIDA) is introducing the Services Sector Capacity Development Fund (SSCDF) to reduce the impact of liberalisation by building capacity and strengthening the competitiveness of domestic service providers.
There are several programmes that may be useful for legal firms in light of the recent announcement by the Government to accelerate liberalisation of services sectors.
There are three (3) categories of Capacity Development Programmes which legal firms can consider.
Training/ Outreach Programmes,
MIDA is allocating up to RM250,000 matching grant (1:1) for legal firms (domestic service providers) to be utilised for training/outreach programmes aimed at developing and enhancing capacities of domestic services in the context of liberalisation.
Accreditation; and
Legal firms intending to obtain internationally recognised accreditation are eligible to apply for assistance in the form of a matching grant (1:1) subject to a maximum of RM250,000.
Upgrading and Modernisation
Legal firms intending to upgrade and modernise their services through purchase of equipment and software including development costs may consider applying for a soft loan subject to a maximum of RM500,000. However, the financing applicable is subject to 90% of the purchase/cost only. The loan is provided through the Malaysian Industrial Development Finance Bhd (MIDF).
For further enquiries, please refer to
Grant Applications
Business and Other Services Division
Malaysian Industrial Development Authority (MIDA)
No. Tel: 03 2267 6723
No. Fax: 03 2267 6655
Website: http://www.mida.gov.my
Email: services@mida.gov.my
Soft Loan Applications
Malaysian Industrial Development Finance Berhad
No. Tel: 03 2173 8888
No. Fax: 03 2772 1911
Website: http://www.midf.com.my
inquiry-feedback@midf.com.my
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