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Co-Matching Scheme – Starting Up Category

Co-Matching Scheme – Starting Up Category

DARe has established a Co-Matching Scheme to assist MSMEs with Starting up or Expansion costs. The businesses will have to co-match a minimum of 30% in eligible costs [1], with the remaining to be funded by DARe through the scheme, to a maximum of 70%. The grant is separated into two categories; Starting up category and the Expansion category.

[1] Eligible cost include: Obtaining license and certification; Consultancy services; Machine and Equipment; Marketing Expenses; Adoption of Technology

Organisation

Darussalam Enterprise

Amount Offered (BND)

Up to BND10,000

Eligibility

  • Targeted to assist in the starting up of innovative businesses

  • Applicable for new businesses registered and in operation within (not more than) twelve (12) months

  • DARe will fund 70% in eligible cost

  • Must fall within the definition of micro or small enterprise i.e. less than 20 employees

  • Completed or participating in a DARe business programme (e.g. Accelerate or Micro Bootcamp) or a similar programme

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Email

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