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GRANT'S NAME Youth Exporters Development Programme (YEDP)
AGENCY Malaysia External Trade Development Corporation (MATRADE)
PURPOSE A specific and targeted three-year programme that started in 2014 formulated for youths, between the ages of 20 to 40 years, who are interested or already involved in exporting. YEDP covers a broad range of sectors but gives special consideration to 'soft exports' from the creative industry such as the arts, music, fashion, lifestyle, crafts, design etc.
AMOUNT OF GRANT Maximum RM200,000 grant to undertake export promotions and participate in trade fairs (Matching grant)
SECTOR Open. Either merchandise or service trade
ELIGIBILITIES
  1. The majority of the equity or at least 51% of equity of the company must be in the hands of youth(s) between the ages of 20-40 years. The majority shareholding can be held by a single youth individual or a group of youths as majority shareholders.
  2. The Chief Executive Officer and/or Managing Director must be a youth.
  3. Companies for YEDP must fit the national definition of a Small and Medium Enterprise (SME).
  4. The company must be in operation for a minimum of three years and attained an acceptable level of market footprint/presence/share/dominance locally.
  5. Companies dealing with merchandise goods or services must have a designated business premise or manufacturing facility with a dedicated address and not a PO Box. Youth-owned companies based in Sabah and Sarawak can be given special consideration in the selection for YEDP, on the basis of diversifying the dispersion of regional socio-economic growth.
  6. Company are involved in technology-driven, high value-added and knowledge-based industries will be given special focus.

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