The Malaysia Digital Economy Corporation (MDEC), an agency under the purview of the Ministry of Digital Malaysia, has announced the opening of applications for three key grants:
- the Digital Content Grant (DCG) for 2024/2025,
- the Malaysia Digital Catalyst Grant (MDCG), and
- the Malaysia Digital Export Grant (MDXG).
These grants, available from 9 September 2024, are part of the Madani government's ongoing commitment to enhance Malaysia's digital economy.
Digital Content Grant (DCG) 2024/2025:
Since 2016, the DCG has been instrumental in supporting Malaysian creative content companies, enabling the development, production, and commercialisation of digital content across various sectors, including animation, digital games, digital comics, and creative technology.
The DCG 2024/2025 consists of three (3) types of different grants aimed at various digital content producers:
- i. Mini Grant: This grant is aimed to support the development, production, and commercialisation of digital content products with a ceiling amount of RM150,000.00 per grant recipient.
- ii. Prime Grant: This grant supports the development, production, and commercialisation of digital content products, with a ceiling amount of RM500,000.00 per grant recipient.
- iii. Marketing & Commercialisation Grant: This grant supports commercialising digital content products, with a ceiling amount of RM300,000.00 per grant recipient.
Eligible applicants for the Mini Grant include local digital content companies, enterprises, sole proprietorships, partnerships, and limited liability partnerships.
Prime and Marketing & Commercialisation Grants are available for any local company incorporated in Malaysia with a minimum of 51% Malaysian, issued share capital of RM20,000.00 and with the Malaysia Digital (MD) Status and/or the Multimedia Super Corridor (MSC) Status.
Details of the full eligibility criteria can be found on the website: https://mdec.my/grants/dcg.
Malaysia Digital Catalyst Grant (MDCG):
The MDCG offers up to RM1 million or 50% of project costs, whichever is lower, to drive innovation in Malaysia’s digital sector.
Focused on fostering scalable, high impact solutions, the grant supports projects within the Malaysia Digital (MD) Promoted Sectors for up to one year.
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 (SME) operations.
These projects highlight digital innovation’s transformative impact on Malaysia’s digital champions.
Malaysia Digital Export Grant (MDXG):
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.
With a project duration of up to one year, MDXG has facilitated international growth, including promoting a local homegrown company with blockchain-based electric vehicle app across Southeast Asia and deploying 5G network-powered IoT solutions for ATM protection in global markets.
MDCG and MDXG are exclusively available to local or foreign-owned companies with the MD status.
Companies that have yet to attain MD status are encouraged to apply, as this recognition opens the door to numerous strategic advantages.
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.
To provide further information, MDEC will host two briefing sessions for the DCG on 11 and 24 September 2024, and three sessions for the MDCG and MDXG on 12 and 18 September, and the last one on 2 October 2024.
Applications will open on 9 September 2024 and will remain open until the funds are fully committed.
Interested parties can submit their applications online at https://malaysiadigital.mdec.my/. - KitaReporters/Media Release
