AdminThe Malaysia Digital Economy Corporation (MDEC) has marked a significant milestone by securing the Startup Ecosystem Stars (SES) 2024 award in the “Exceptional Industry Support” category. Presented in Paris, France, this accolade by USA-based Mind the Bridge (MTB) and the International Chamber of Commerce (ICC) places Malaysia firmly on the global innovation map. The award honours MDEC’s outstanding contributions to building a thriving digital ecosystem and supporting the nation’s digital economy.
The SES Awards are among the world’s most prestigious recognitions for startup ecosystem enablers, celebrating transformative initiatives in entrepreneurship and digital transformation. MDEC’s win underscores Malaysia’s position as a competitive global player and reaffirms its leadership in the digital economy.
Celebrating Global Collaboration
Representing MDEC at the Paris ceremony was the Trade Commissioner of MATRADE Paris, reflecting a dynamic partnership between MDEC and MATRADE. This collaboration highlights MATRADE’s vital role in expanding Malaysia’s digital reach through market access initiatives.
MATRADE’s support underscores the collective effort required to position Malaysia as a global leader in digital innovation. “This award reflects the strong partnerships and shared commitment to fostering growth and creating international opportunities for Malaysian tech companies,” a MATRADE spokesperson stated.
MDEC’s Leadership in Digital Innovation
Anuar Fariz Fadzil, CEO of MDEC, expressed pride in the achievement, “Being recognised at the Startup Ecosystem Stars 2024 Awards is a significant milestone for MDEC and Malaysia’s digital economy. This achievement highlights our unwavering dedication to drive innovation, foster entrepreneurship, and to support the growth of world-class tech companies. It also reflects the impact of our efforts in creating a globally competitive digital ecosystem. We are proud to stand among global leaders in innovation and will continue to push the boundaries of what Malaysia can achieve on the international stage.”
The recognition celebrates MDEC’s impactful GAIN (Gateway, Amplify, Invest, Nurture) programme, which has been instrumental in empowering Malaysian tech companies to scale globally. Since its inception in 2017, GAIN has facilitated access to over 26 international markets and established partnerships with more than 1,000 organisations. Over 500 companies have benefited, generating a combined revenue of USD 31.9 billion and exports worth USD 11.2 billion.
Transforming Malaysia’s Digital Economy
MDEC’s ongoing initiatives, including the Malaysia Digital (MD) national strategic programme, are reshaping the country’s digital landscape. Between 2020 and 2023, MDEC’s Funding Facilitation programmes supported 262 Malaysian tech companies in raising a total of USD 402 million. These efforts are crucial in cementing Malaysia’s reputation as a leading digital hub in ASEAN.
This SES award serves as a testament to MDEC’s commitment to fostering an inclusive and globally competitive digital ecosystem. By continuing to innovate and expand its programmes, MDEC ensures Malaysian tech companies are equipped to thrive on the international stage, strengthening the nation’s position as a digital economy powerhouse.
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