The mechanism

So — is it a grant?

In short: no. CMDF support for a JUMP+ plan is best understood as matched co-funding. The company carries the cost of its own plan, and the CMDF reimburses part of qualifying spend after the work is done and disclosed. This is the shape of the mechanism, at a high level — not a set of guaranteed figures.

Co-funding, not a cash grant

The company commits to and pays for its own value-creation plan. The CMDF then reimburses a portion of qualifying spend — commonly described as around 50% — rather than handing money over up front. Treat it as matched funding, not free money.

You spend first, then claim

Support is a reimbursement, released against costs the company has actually incurred and disclosed. Budget and cash-flow the plan as if self-funded, and treat any reimbursement as a partial claw-back that follows — not as working capital you have on day one.

Up to an overall ceiling

Total support is understood to be capped — indicatively up to around THB 5 million per company across the three-year plan — and split across the plan’s dimensions, each with its own cap. It is the ceilings, not the headline number, that decide what actually comes back.

SET and the CMDF set the rules

Percentages, per-dimension caps, eligible-cost definitions and deadlines are defined by SET and the CMDF, and can change. The authoritative terms live in the JUMP+ handbook and CMDF term sheet — confirm them before you budget, not from a summary like this one.

The sequence

How the reimbursement is unlocked.

Co-funding is gated. Reimbursement follows the programme’s steps in order, and each step is a condition for the next — the plan has to be approved, disclosed and reported before money comes back. The sequence below reflects how the mechanism is generally described; confirm the current gate and its documentation with SET/CMDF.

Register

Enrol the company in JUMP+ within the window — applications run to 31 March 2026 — and meet eligibility, including a CGR of 3★ or above and a clean regulatory record.

Board approval

The value-creation plan is approved at board level. JUMP+ is a governance commitment, so the plan carries the board’s authority — not just management’s intent.

Public disclosure

The plan is disclosed to the market. Because JUMP+ is a public value-creation commitment, disclosure — in both Thai and English — is part of the mechanism, not an afterthought.

Progress reporting

The company reports progress to investors on the programme’s cadence (updates roughly every six months). Reimbursement tracks delivery, so the reporting has to hold up to scrutiny.

Reimbursement

Against qualifying, disclosed spend, the CMDF reimburses its share up to the caps. The claim follows the work — which is why the plan, the disclosure and the reporting all have to be right the first time.

An indicative illustration

A worked example — illustrative only.

To show how the mechanism plays out for a disclosure-led scope, here is a purely illustrative example built around the Governance and Climate Action dimensions — where reporting, bilingual disclosure and carbon accounting sit. It is not a quote, and the figures below are not SET/CMDF-published caps.

Indicative only. Figures illustrate the ~50% reimbursement structure, capped per dimension — not a quote and not SET/CMDF-published caps.
Plan dimension	Indicative qualifying spend	Reimbursable (~50%), up to cap
Governance	~THB 1.0M	~THB 0.5M
Climate Action	~THB 2.0M	~THB 1.0M
Combined (Governance + Climate)	~THB 3.0M	~THB 1.5M

Illustrative only — not a quote and not SET/CMDF-published figures. Business Growth and the initial registration / planning stage make up the remainder of the indicative ~THB 5M envelope, but typically sit outside a disclosure advisor’s scope. Actual caps, percentages, eligible costs and reimbursement depend entirely on SET/CMDF’s current rules and on the company’s approved, disclosed spend. Confirm every figure with SET and the CMDF before relying on it.

Where a disclosure advisor fits

Inside the Governance + Climate envelope.

Othello International is a listed advisor in SET’s JUMP+ Advisory Pool — one of roughly a hundred firms, and qualified across all three plan dimensions. Our natural lane is the reporting and disclosure work inside Governance and Climate Action — the part of the plan international investors and raters actually read. Where eligible, that work can fall within the reimbursable envelope; the full practice behind it is our ESG advisory.

Governance disclosure

Board-approved plan drafting, corporate-governance narrative and disclosure quality aligned to Thai IOD CGR expectations — the governance backbone JUMP+ and raters both assess.

Climate action, measured

TGO-format Scope 1–3 carbon accounting and IFRS S2 / TSRS-aligned climate disclosure — a verifiable climate story with real numbers behind it, not a bare pledge.

Bilingual, by construction

The plan and its six-monthly updates delivered in lockstep Thai and English under ISO 17100 — so the disclosure work is investor-grade in both languages, not thinner in one.

Whether any element of a scope is reimbursable — and at what rate and cap — is determined by SET and the CMDF under the JUMP+ eligible-cost rules, not by Othello. We scope, deliver and document the disclosure work; the funding decision belongs to the exchange and the fund. Engagements run under NDA from the first email — book a call or write to [email protected].

Next step

Plan the funding before you commit the spend.

Enrolment closes 31 March 2026. Book a short, NDA-covered call and we’ll map a Governance + Climate Action disclosure scope to the JUMP+ mechanism — bilingual, measurable, and structured with the reimbursable envelope in mind. We’ll also point you to SET and the CMDF for the definitive, current terms.

Scope your JUMP+ plan See our ESG advisory

FAQ

Funding FAQ.

The questions CFOs, company secretaries and IR teams ask first — answered plainly, and always pointing back to SET and the CMDF for the definitive terms.

Is JUMP+ funding a free grant?

No. It is understood to be a ~50% co-funding / reimbursement model, not a grant. The company incurs qualifying spend on its plan and the CMDF reimburses a portion afterwards, up to caps. All figures are indicative — confirm the current percentage and caps with SET and the CMDF.

How much can a company receive?

Indicatively, total support is understood to reach up to around THB 5 million per company across the three-year plan — but it is split across the dimensions, each with its own cap, and it is not guaranteed. What actually comes back depends on qualifying spend, disclosure and SET/CMDF’s current rules.

Is the money paid before or after we spend?

After. Reimbursement follows the gate — register → board approval → public disclosure → progress reporting → reimbursement. Because it is a claim-back against disclosed spend, the company funds the work first and should cash-flow the plan as if self-funded.

Does advisory and disclosure work qualify?

Advisory, consulting and the disclosure and climate work that sit inside the Governance and Climate Action dimensions may fall within the reimbursable envelope — subject to SET/CMDF’s eligible-cost definitions. Confirm how a specific scope is treated before assuming it is reimbursable.

Where are the definitive terms?

In SET’s JUMP+ handbook and the CMDF term sheet — which are not fully published on the public website. Always confirm the current caps, percentages, eligible costs and deadlines directly with SET (set.or.th) and the CMDF (cmdf.or.th) rather than from a summary.

Go deeper

The rest of the plan.

Overview

JUMP+ funding is co-funding, not a grant.