AITI offers funding to MSMEs to adopt digital solutions

The Authority for Data-communications and Know-how Business (AITI) can be subsidising digital options for wholly native micro, small, and medium enterprises (MSMEs) to enhance productiveness by means of a brand new funding scheme.

The Productiveness and Effectivity Joint Funding for Digital Adoption scheme (PENJANA), introduced on February 17, will partially fund the annual value of both an e-Commerce or digital point-of-sales (POS) resolution from three native IT distributors.

There are three tiers of funding or subsidy percentages supplied by AITI, similar to the annual turnover of the making use of MSME.

MSMEs with turnovers of greater than $100,000 yearly can obtain funding of as much as 50% of the price of the digital resolution, whereas enterprises with turnovers between $50,000 to $100,000 can obtain 60% of funding from AITI. Companies incomes lower than $50,000 yearly can obtain as much as 70% funding.

The utmost annual funding per MSME is $5,000. Companies should have lower than 100 workers, be absolutely owned by Bruneians and be operational for at the very least two years to be eligible.

AITI’s CEO Hj Jailani Hj Buntar stated the scheme goals to extend the uptake of digital options by MSMEs, which is able to increase their competitiveness and productiveness in an more and more digital world.

“InsyaAllah, AITI will improve the classes and listing of digital functions (out there by means of PENJANA) sooner or later,” he stated in a press convention to annouce the scheme’s launch at AITI’s Seri Kerna Corridor.

AITI hopes to extend the variety of MSMEs who’ve adopted digital options to twenty% by 2025, in response to their Asissant CEO Norshahrul Nizam Hj Othman. That is inline with the federal government’s Digital Financial system Masterplan 2025.

“AITI has approached and labored with these (IT) corporations to evaluate whether or not they can present a market-proven and cost-effective product to our native MSMEs. As a part of the package deal, the distributors will present coaching for as much as two workers in using the software program,” added Norshahrul.

At current, Dynamik Applied sciences is the only real authorised e-Commerce service supplier with their Cendana e-Retail; an e-Commerce web site resolution with choices for on-line fee integration.

For POS options, MSMEs can interact both TechBru Options’ Kedai POS 360; DalPlus’ WEBPOS system V2; or Dynamik’s Cendana e-Retail with POS.

AITI’s CEO additionally welcomed for native corporations with market-proven and cost-effective options for MSMEs to method AITI for evaluation to be an IT supplier underneath PENJANA by contacting them at information@aiti.gov.bn.

Extra details about PENJANA might be discovered on AITI’s web site, the place a PENAJA guidebook and utility kinds might be accessed. Purposes are open till this February 28 at 3pm.