Grant Purpose: The grant must be used to co-create, problem-solve, and deploy 4th Industrial Revolution (4IR) solutions in direct partnership with an end-user partner.
Eligible Expenses
Salaries, limited to individuals directly contributing to the project, including, sales, and marketing personnel, with exclusions for the directors, shareholders, C-level executives, finance, human resources, admin and non-tech personnel (e.g. interns, despatch, driver, clerk etc).
*The Chief Technology Officer (CTO) is eligible for claims. However, if the CTO concurrently holds the position of a director/shareholder within the company, their salary is not allowable for claims.
Cost of IT hardware and/or equipment associated with the development of the project, particularly for core usage/functions of the proposed projects (e.g., components of a computer such as CPU and GPU).
Cost of Software associated with the development of the project
Cost associated to obtaining IP protection (eg.: patents, trademarks, copyright, other forms of IP Protection, legal and professional services)
Outsourcing Cost which (i.e. cost incurred by the third party appointed/engaged by the Applicant/Recipient for the development of the Project, including testing and certification costs) shall not exceed 20% for outsourcing from the grant amount requested.
Any cash transaction MUST not exceed RM1,000 per invoice. Cash transaction is not applicable for salary and outsourcing.
Any other eligible expenses identified and recommended by GRC and approved by the rightful approval authority.
Non-eligible expenses
Any form of taxes and duties
Expenses in obtaining certification and accreditation for professional development.
Maintenance of plant / equipment
Mobile phones, cameras, tablets, laptops and personal computers (including additional accessories not part of hardware bundle i.e. additional mouse, cable; printer and other peripherals) for general use.
Furniture and fittings.
Applicant’s operating expenditures (phone bills, electricity, internet), printing, office rental, stationaries, secretarial, audit fees are non-claimable.
Any insurance claims associated with the project or project personnel are not eligible for reimbursement.
Incentives that support political campaigns and/or of political nature.
Incentives for faith-based activities.
Depreciation costs
Debts and debt service charges
Fines, financial penalties, and expenses of litigation.
Bank charges, cost of guarantees and similar charges.
Conversion costs, charges, and exchange losses.
Provision for losses or potential future liabilities.
Credits to third parties.
Travelling expenses which includes mileage, food and beverage and accommodation which includes Cost related to meeting potential clients.
Applicants/Recipients are prohibited from seeking retrospective reimbursement for projects that have commenced prior to receiving approval.
Any expenses or claims, including outsourcing costs incurred from third-party entities engaged by the Applicant/Recipient for project development, testing, and certification, cannot be made by related parties.
Any other expenditures non-related to the project.
