As law firms across Malaysia continue to adapt to the fallout caused by the current crisis, digital solutions have been a critical facet in SOPs designed to withstand the “new normal” of the legal industry.
And while many firms have adopted digital solutions and collaboration tools simply out of necessity, the ability for LegalTech to future proof firms extends beyond keeping us connected.
Automation has empowered firms to allocate resources, human capital and funds towards the facets of business that allow legal professionals to focus on doing what machines cannot, advocating on the behalf of clients.
Though, for its inherent place among the more arduous and time consuming tasks that were commonplace in the legal industry of old, automation has not yet been fully implemented within the industry.
MDEC, CoreMatter and the Smart Automation Grant aim to change that.
As part of MDEC’s push to allow Malaysian businesses the opportunity to finance their future in automated solutions, the organization has announced a new program designed to help enterprises secure funding for the costs of implementing automation within their operations.
The Smart Automation Grant is a grant program designed to offer eligible businesses a means of offsetting overall cost via a matching grant.
It works quite simply.
Qualifying firms are able to receive a grant that matches the investment provided by the business as to implement and maintain automation solutions over a four month period with the end result being a successful deployment of the solution.
Qualifying firms are able to receive upwards of RM200k depending upon the investment made by the firm.
It is the focus of the grant to allow firms the opportunity to kickstart automation within their operations.
Granted the funds provided will be done so if a select criteria in terms of deployment are met.
As the grant is to be used as a starting point for deployment of automation solutions there are a few requirements that qualifying firms must adhere to as to be able to receive the grant.
Qualifying firms must:
If qualifying firms are able to ensure the above, the grant will reimbursed in two payments; one upon completion of the first agreed milestone and the final payment delivered upon the completion of the final milestone.
To be eligible for the grant, firms must:
Further, if a firm has previously received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project.
As the final requirement for eligibility requires the commitment of a technology partner, CoreMatter is able to help firms qualify for the Smart Automation Grant while helping firms focus on what matters.
Simply reach out to us and we can begin assisting you in qualifying for the MDEC SAG.
It’s time to get paid to focus on what matters with CoreMatter!