MDEC opens grants for digital innovation and export growth

The Malaysia Digital Economy Corporation (MDEC) has opened applications for three key grants: the Digital Content Grant (DCG) 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 government’s efforts to boost Malaysia’s digital economy under the MADANI initiative.

MDEC digital content grant 2024/2025

The Digital Content Grant (DCG) is designed to support the growth of Malaysia’s creative digital content industry, offering funding to companies involved in animation, digital games, and creative technology.

Since its launch in 2016, the DCG has played a pivotal role in helping Malaysian companies develop and commercialise their digital content.

There are three types of grants under the DCG 2024/2025:

• Mini Grant: Aimed at smaller projects, this grant offers up to RM150,000 per recipient.
• Prime Grant: This provides funding up to RM500,000 to support larger-scale development and production efforts.
• Marketing & Commercialisation Grant: Focused on bringing digital content products to the market, this grant offers up to RM300,000.

Eligible applicants for the Mini Grant include local enterprises, sole proprietorships, and partnerships.

The Prime and Marketing grants are available for Malaysian-incorporated companies with at least 51% Malaysian ownership and MD or MSC Status.

For full eligibility criteria, applicants can visit the MDEC website.

Driving Innovation with the MDCG and MDXG

MDEC’s Malaysia Digital Catalyst Grant (MDCG) is a powerful driver of innovation in Malaysia’s digital sector, offering up to RM1 million or 50% of project costs.

This grant aims to encourage scalable, high-impact digital projects within the Malaysia Digital (MD) Promoted Sectors.

Since its introduction in 2021, the MDCG has funded 59 companies, contributing to innovations like cloud-based management systems and tools for SMEs.

These projects have significantly boosted the digital transformation of local businesses.

Similarly, the Malaysia Digital Export Grant (MDXG) offers up to RM1 million to support Malaysian companies aiming to expand globally.

The MDXG has enabled Malaysian firms to promote blockchain-based electric vehicle applications across Southeast Asia and deploy 5G-powered IoT solutions internationally.

Both the MDCG and MDXG are available to companies with Malaysia Digital (MD) status.

MDEC encourages businesses to apply for MD status, which provides access to numerous strategic benefits, including prioritised support and greater visibility within the digital economy.

Key dates and how to apply

To provide more details, MDEC will host several briefing sessions on the grants: DCG sessions will take place on 11 and 24 September 2024, while sessions for MDCG and MDXG will be held on 12, 18 September, and 2 October 2024.

Applications for all three grants open on 9 September 2024 and will remain open until the funds are fully allocated. Interested applicants can submit their proposals via the MDEC website.

MDEC’s grants offer a tremendous opportunity for local companies to scale, innovate, and expand their reach in the global digital economy. F

or more information, visit MDEC’s official site at malaysiadigital.mdec.my.