AEEIF Grant

Aerospace and Electrical & Electronic Investment Fund.

Objectives

To spur investment in high technology industries particularly in the Research and Development (R&D) field including Industry 4.0 adaptation in the aerospace and Electrical & Electronic (E&E) industries to achieve the targets set in the 12th Malaysia Plan under the Aerospace Industry Framework and Industry 4WRD initiatives; and
To facilitate aerospace and Electrical & Electronic (E&E) companies in making investments to increase their capacity to become leading manufacturers/ service providers in the global supply chain.

Applications are open to any aerospace and E&E company in Malaysia incorporated under the Companies Act, 1965/2016.
The company must be at least 51% Malaysian owned.
The company must be engaged in the following activities:
1. Manufacturing; and
2. Services.

The grant is provided to companies in the aerospace and E&E sectors to undertake the following R&D activities:

Pilot plant/ prototype;
Pre-clinical testing/ clinical testing/ field trials/ stress test/ user acceptance test;
Intellectual Properties (IP);
Market testing and evaluation;
Regulatory and standards compliance;
Special Services;
Raw materials/ consumables;
Administration; and
Technology/ IP Acquisition.

Aerospace

E&E

Eligible expenditures refer to the overall proposed Project within the framework of the priority areas specified in the Scope of Grant above.

Non-eligible expenditures:

Maintenance and repair costs including renovation of premise;
Wages paid to employees;
Employee benefits programmes;
Legal and stamp duty fees;
Insurance;
Collateral or loan including its interest paid for purpose other than the approved project scope;
Office expenses and supplies including general purpose computers & peripherals and mobile phones;
Utility expenses; and
Advertising and marketing expenses

The Grant will be given on a matching basis of up to a maximum of 80% based on eligible expenditures.