Industrial Innovation Program and STTF
Briefing on SIRIM Industrial Innovation Program and SME Technology Transformation Fund (STTF) was held on 25 August 2016 at Imperial Hotel Kuching.
In supporting the SMEs growth, SME Bank in collaboration with SIRIM allocate RM200 million for the implementation of the STTF announced in Budget 2016. STTF is a financing facility to SMEs to upgrade / enhance and rectify their technologies in order to achieve higher productivity, improving the process efficiency, efficient cost management and penetrating the export market.
Small-medium enterprises (SMEs) who have gone through Sirim Bhd’s (Sirim) technology audit may be able to apply for soft loans of up to RM5 million at interest rates of 4% and financing tenure up to 5 year. The initiative is specially developed for Malaysian SMEs by Sirim and Fraunhofer Institute, a German technology institute and the largest applied research organisation in Europe with an excellent track record in developing and implementing various programmes on technology and innovation management.
SMEs who go through this technology audit will receive an assessment of a company’s technology management capability and capacity, the management of technological knowledge and activities related to the improvement of the technological competitiveness of the company. The audit will also be able to provide companies with strengths and weaknesses, potential areas for improvement in managing technology, and challenges in the business environment. In order to be eligible for Sirim’s technology audit, companies must be Malaysian SMEs invovled in the manufacturing industry and have been in operation for at least two years.
For further information, please contact SIRIM at Tel: 1300-88-7035, 082-439052 or SME Bank at Tel: 1800-88-3131, 082-259955.
Or Click: HERE
Speaker, Dr. Wan Abdul Rahman Jauhari Wan Harun, Senior Director, SIRIM Berhad.
Mr. Ben Tien Khiong Chin(Vice-President), Mr. Louis Hii Lu Yik (Council Member) and some members attended the Briefing.
Posted Date: 12 Oct 2016