Aerospace and Electrical & Electronic Investment Fund
The Aerospace and Electrical & Electronic Investment Fund (AEEIF)
- 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.
- 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
The company shall meet the following criteria:
- Incorporated under the Companies Act 1965 or 2016
- Possess a valid manufacturing license from MITI or business license from the local authority or any other equivalent license issued by a regulatory body
- For SME companies, possess the latest Certificate of SME status issued by SME Corporation Malaysia.
- For downstream sector, producing and exporting predominantly rubber products with minimum RM1000 average cess contribution in the last three (3) consecutive years.
- For midstream sector, producing and selling processed rubber locally and/or internationally in the last three (3) consecutive years.
- Ongoing project(s) where the equipment has been installed/in-operation or purchase order has been issued are not eligible to apply
- Not receiving other incentives, grants, soft loans, or any other form of benefits from government and its related agencies for the same project. (i.e. MIDA -Reinvestment Allowance, Investment Tax Allowance, Automation Capital Allowance, GreenTech Malaysia – Green Technology Financing Scheme, etc.)
- Possess a healthy financial status and free from any legal or insolvency cases
- Encouraged to use local technology/service provider in their respective project implementation
| i. | Embedded System & IOT | Advanced Wireless CommunicationData Analytics, Big Data ScienceEnergy System Harvesting, Market Focus – Healthcare, Transportation, Manufacturing, Retail, Smart City, AgricultureOrganic, printable electronic Sensors & Sensing Wearables |
| ii. | lE Design, Test & Validation | Advanced Testing (IC/ Board/ SW)- Probe cards, JTAGIC Design Automation (cell library, IP library, Al)UI/UX specific/ defined SoC/IC/FPGAAdvance Logic Emulation |
| iii. | Smart Manufacturing | Computer Integrated Manufacturing; Efficient Manufacturing/ Scheduling SystemIndustrial Automation & RoboticsIntegrated Design to Manufacturing, Supplier in DesignSmart Factory, loT in manufacturingAddictive Manufacturing & 3D Printing TechnologyConnected Supply ChainLow Volume, High Mix (adaptable manufacturing) |
- Minimum: Ringgit Malaysia One Hundred Thousand (RM100,000) only
- Maximum: Ringgit Malaysia Twenty Million (RM20.0 million)
- 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
- Advertising and marketing expenses
The Grant will be given on a matching basis of up to a maximum of 80% based on eligible expenditures.
