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Evaluation Criteria

Applications are assessed based on 3 key areas:

1. Project Impact

  • Proposal must clearly address company's need for growth

  • Expected impact should include business diversification/growth, spin-offs, job creation, import substitution, export/export growth and increased revenue streams

2. Project Feasibility

  • Realistic and achievable business plan with clear resource allocation and timelines

  • Well-grounded financial projections and milestones based on expected business impact

  • Company demonstrates financial capability to effectively utilize the grant and sustain operations

  • Management team shows competency and commitment to execute proposed project successfully

3. Growth Potential

  • Business should have a clear path to higher revenue and profitability, ensuring long-term sustainability

BEDB Asset

Growth Facilitation Fund

Financing schemes for high-growth MSMEs under Elevate Programme

 

Strategic funding to execute high impact growth strategies effectively and at relatively low risk

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What is the Growth Facilitation Fund?

The Growth Facilitation Fund is an in-house fund specifically designed to provide necessary financial support for MSMEs under the Elevate Programme. It enables companies to achieve critical impacts including revenue growth, local job creation, import substitution, and export growth.

 

DARe will fund up to 60% of eligible costs with quantum grant up to $100,000 per company

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Target Sectors
The GFF strategically targets 5 key economic clusters:

Downstream oil and gas

Tourism

Services

Food

ICT

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Funding Details

Funding Structure:

60:40 ratio

DARe contributes:

Up to 60% of eligible activity costs

Company contributes:

Minimum 40%

Maximum quantum

Up to $100,000 per company

Applications allowed

Up to 3 applications for different eligible activities

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Drivers of Growth

Eligible Activities

Technology Adoption / Machinery

Enhance customer experience through technology and/or increase production capacity with upgraded machinery to cater to more demands locally and internationally

Branding & Marketing

Create a strong marketing strategy and branding for local and international markets

Research & Development / Innovation

  • Innovate products and services to prepare for expansion, meet international standards and align with international consumer requirements

  • Related to prototyping, product testing, quality assurance

Internationalisation

Develop robust domestic market distribution networks before exporting, co-create and execute foreign market entry strategy by identifying international distributors and agents

Specialist Advisory

Consult market experts for regulatory insights, project execution guidance and business strategy consultation, engage international trade consultants for export regulations, logistics and overseas partnerships

  • To be eligible for the GFF, businesses must satisfy the following criteria:

    • Only eligible for Elevate companies

    • At least 60% local shareholding

    • Demonstrated active participation and commitment throughout the programme (Active participation in activities, responsive in engagements, submitted three progress reports consecutively)

    • Eligible companies will not apply for other DARe/BEDB funding support concurrently (i.e. Co-Matching Scheme)

    • Companies must be registered as 'Sendirian Berhad' upon approval

    • Each company is allowed to apply up to $100,000 through maximum 3 applications for different eligible activities

    • Applicants are required to reimburse DARe/BEDB if certain agreed milestones are not met

    • Implementation period to be kept at a minimum of one (1) year

    1. Enroll in BEDB's Elevate Programme & demonstrate commitment

    2. Submit Application Form to Financing Secretariat

    3. Due Diligence process

    4. Evaluation (Assessment → Presentation & Interview → Recommendation)

    5. Approval by MSME Financing and Programme Committee

    6. Agreement Signing between BEDB and Applicants

    7. Fund Utilisation (Disbursement/Reimbursement) within 1 year

    8. Monitoring within Project Impact Timeframe

  • At least 3 high growth potential Elevate companies per year will be awarded funding.

For general inquiries, please contact us via email at financing@bedb.gov.bn

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