MDEC opens application for 2024 digital grants in boost to creative firms and MD/MSC status companiesoffers up to US$230k or 50% of project costs
Introduced in 2016, MDEC had, up to 2021, approved 94 projects worth US$8.38 million , according to Annuar Musa in June 2022 when he was Minister of Communications and Multimedia. However it should be noted that Annuar's predecessor, Saifuddin Abdullah, who helmed the role from March 2020 to July 2021, said in June 2021 that US$10.82 million from the Digital Content Grant had been allocated to 81 companies in 2021.
Since 2021, MDCG has been awarded to 59 companies, leading to advancements such as a cloud-based defect management system and a manufacturing resource plan that boosted Small and Medium Enterprises operations. These projects highlight digital innovation’s transformative impact on Malaysia’s digital champions.The MDXG, which also offers up to RM1 million or 50% of project costs, supports Malaysian companies poised for global expansion through high-value technological activities.
By securing MD status, companies gain prioritised access to MDEC’s comprehensive support network, greater visibility within the digital economy, and valuable opportunities for collaboration and growth within Malaysia’s forward-looking digital ecosystem.