INTERNSHIP PLACEMENT MATCHING GRANT FOR SMES AND START-UPS (LIKES)

TalentCorp

INTERNSHIP PLACEMENT MATCHING GRANT FOR SMES AND START-UPS (LIKES)

- LiKES by TalentCorp is an internship placement matching grant for Small and Medium Enterprise (SME) companies and start-ups.

- Internship programme must commence within the same year as when the LiKES application was made and endorsed by TalentCorp.

- The internship reimbursement claim submission must be made not more than 3 months from the date of completion of internship (per assessment year)

- Interns must sign-up on MyNext Talent and complete the psychometric assessment at https://talent.mynext.my/ upon received of internship placement offered by LiKES company.

- For more information, please contact: likes@talentcorp.com.my

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HOW DOES IT WORK?

RM 500.00 / monthly allowance

For interns pursuing Malaysian Skills Certificate (SKM) Level 1 to Level 3, Diploma, Malaysian Skills Diploma (DKM)
TC reimburses half, i.e. RM250.00 a month.
Under Tier 1, employer can pay more than RM500. Let's say they pay RM600. Then in this case, we will reimburse half, i.e. RM300 a month.
Under LIKES, we'll reimburse between 2.5 months to 6 months of internship.

RM 600.00 / monthly allowance

For interns pursuing Malaysian Advanced Skills Diploma (DLKM), Bachelor's Degree, Master's Degree, or Professional Certificate
TC reimburses half, i.e. RM300.00 a month.
Under Tier 1 and Tier 2, if employer pays more than RM600 a month, they will still only get TC reimbursement of RM300 each intern, per month.
Under LIKES, we'll reimburse between 2.5 months to 6 months of internship.

HOW MUCH GRANT WILL THE EMPLOYER RECEIVE?

TalentCorp will reimburse maximum RM250.00 per intern per month if the employer pays RM500.00, and maximum RM300.00 if the employer pays RM600.00 or above.

If Employer A hires 5 interns at RM500.00 a month for 3 months:
Upfront payment from Employer to Interns : RM 1,500 x 5 = RM 7,500
Total reimbursement from TalentCorp : RM 750 x 5 = RM 3,750

If Employer B hires 8 interns at RM600.00 a month for 4 months:
Upfront payment from Employer to Interns : RM 2,400 x 8 = RM 19,200
Total reimbursement from TalentCorp : RM 1,200 x 8 = RM 9,600

If Employer C hires 3 interns at RM700.00 a month for 5 months:
Upfront payment from Employer to Interns : RM 3,500 x 3 = RM 10,500
Total reimbursement from TalentCorp : RM 1,500 x 3 = RM 4,500
(because we will only reimburse RM300.00 max per intern per month)

WHO CAN APPLY?

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DEFINITION OF SMALL MEDIUM ENTERPRISE (SME)

- A company resident in Malaysia with a paid-up capital of RM2.5 million or less and is not related to any company with paid-up capital
of more than RM2.5 million.
- Annual sales turnover of less than RM300,000 (Micro), RM15 million (Small), and RM50 million (Medium).
- The number of employees in the company (including foreign workers and expatriates) is less than 5 (Micro), 75 (Small), or 200 (Medium).

DEFINITION OF START-UP

- Company resident in Malaysia incorporated no more than 5 years.
- Revenue and/or investment size of less than RM20 million.
- Innovation-driven and disruptive, technology enabled business.