The Penang Internship Subsidy Programme (PISP) is a special internship program initiated by the Penang State Government in 2022 through InvestPenang to support local companies in attracting talents from other states to Penang and indirectly will enhance the growth of Penang’s talent ecosystem.
The PISP offers subsidy amounting RM300 per month for each intern recruited by SME and LLC companies that has presence in Penang. Under this subsidy programme, companies are required to pay a minimum allowance of RM1,200 per month to each recruited intern. The state government will then reimburse RM300 per month for each intern (maximum RM1,800 each intern for a total period of 6 months) to the companies after interns have completed their internship programmes.
Inline with our ‘My Penang, My Workplace’ campaign, this subsidy programme is established to further enhance the state’s effort in attracting an influx of talents from across Malaysia and making Penang the Northern growth region in the country.
SME and LLC companies who meet the following criteria are encouraged to apply for the subsidy programme:
(i) Registered SSM companies
(ii) Companies need to have an office/factory in Penang and industrial training must be conducted in Penang;
(iii) Interns recruited must be from other states in Malaysia other than Penang;
(iv) Companies need to provide training placements to at least three (3) trainees at diploma level and above in the fields of
Science, Technology, Engineering, Mathematics and Accounting (STEMA) yearly;
(v) The period of industrial training must be in accordance with the guideline set by the respective IHL’s; and
(vi) Fulfilled other additional conditions to be determined by the Steering Committee (if any).
Members of the Steering Committee as follows:
(i) YAB Tuan Chow Kon Yeow, Penang Chief Minster (Chairman);
(ii) YB Prof. Dr. P.Ramasamy A/L Palanisamy, Penang State Exco of Human Capital Development, Education, and Science & Technology;
(iii) YB Dato’ Haji Abdul Halim Bin Haji Hussain, Penang State Exco for Domestic & International Trade, Consumer Affairs & Entrepreneurship Development;
(iv) YB Dato’ Dr. Mohamad Farazi Bin Johari, Penang State Financial Officer; and
(v) YBhg. Dato Seri Lee Kah Choon, Special Investment Advisor to Chief Minister of Penang