Programme for Enhancement of Strategic Industry and High Growth Enterprise (PRESTIGE) aims at developing high growth SMEs in strategic sectors such as Medical Devices, Biotechnology, Aerospace, Rail etc. in line with the National Entrepreneurship Policy (DKN 2030).
The programme envisions the creation of globally competitive SMEs through two (2) strategic goals, namely:
- Expand the number of high growth and innovative firms to that generate a substantial share of employment and output; and
- Raise the productivity of high growth SMEs to boost incomes and standards of living.
PRESTIGE aspires to create home-grown champions through a targeted approach by building the capability and capacity of participating companies through development programmes, provision of market intelligence and enhancement in market access with the following elements:
- Technological Adoption
- Improving participating SMEs’ technology capability through the adoption of IR4.0 related activities that will increase manufacturing capability and efficiency:
- Organisational Transformation
- Developing action plans for the SMEs to address the identified gaps and supporting their business process transformation through modification of policies, procedures, and processes according to the respective industry’s requirements; and
- Marketing Strategy
- Development of marketing activities and strategy to expand participating SMEs’ market share and global presence.
Scope of Assistance
Matching grant assistance with a maximum of RM500,000 for each participating SME for:
- Product and Process improvement
- Production prototypes and standards
- Product testing and validation
- Compliance and regulatory certification
- Quality Management System and Manufacturing/ Enterprise Resource Planning (MRP/ERP)
- Marketing and promotional activities
