IMMIGRATION PROCEDURES
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MALAYSIA DIGITAL ACCELERATION GRANT
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
Maximum Grant RM5Mil
Grant Amount :
Type of Grant :
R&D, Digitalization, Commercialization
Status :
Opening Soon
Agency :
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
MDAG
WHAT IS MALAYSIA DIGITAL ACCELERATION GRANT?
Malaysia Digital Acceleration Grant intent is to accelerate the growth of Malaysia Digital Status companies that are in commercialisation and expansion stages to become regional champions and is aligned with Malaysia Digital promoted sectors and tech enablers.
1) Encourage
Encourage and promote strategic, high growth and high impact activities in the digital focus areas in moving up the value-chain and ecosystem.
2) Accelerate
Accelerate business activities that bring significant impact to Malaysia’s Digital Economy in the context of expansion or enhancement of operations via technology adoption and continuous digital innovation.
3) Ensure
Ensure competitive and sustainable growth of the companies and be the testament of Malaysia as digital economic powerhouse.
SCOPE OF EVALUATION
Reference should be past track record (where applicable), together with the branding and any other relevant information. Some criteria may include the following:
Brand name;
Expertise; and/or
Influence in industry such as awards or recognitions.
Local spending and capital growth, return of investment, benefits to Malaysia, both direct and indirect, where applicable.
Other potential spill-over/benefits to local ecosystem and value-chain.
Revenue, export market, number of jobs, type of jobs, potential technical exposure to locals. Emphasis on export should be focused on local companies so that they become regional or global.
For foreign companies, emphasis should be on the establishment of new Malaysia Digital activities.
Industry linkages, the establishment of a Centre of Excellence, training programmes for fresh graduates or the hiring of qualified employees, collaboration with tertiary institutions or academy for training and knowledge transfer.
Criteria
Eligible company
Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016; and
Minimum paid up capital of at least RM50,000.00
MSC or MD status companies or MD status to be approved within the grant period
The SSM of a company should reflects a digital business presence. If there is no digital business presence in the SSM, the application will be rejected.The company must be in operation for at least one (1) year.
The company must be related to technology as per stated in the SSM; and/or Company demonstrated technology related to Malaysia Digital (MD) promoted sectors and tech enablers.
Must be approved MSC Malaysia/Malaysia Digital (MD) status company within twelve (12) months or to remain as MSC Malaysia/Malaysia Digital (MD) status from effective date of the Grant Period.
Click here to download full version of Eligibility Criteria
MALAYSIA DIGITAL PROMOTED SECTORS
Digital Agriculture
Digital Services
Digital Cities
Digital Health
Digital Finance
Digital Trade
Digital Content
Digital Tourism
Islamic Digital Economy
*Not limited to the above-mentioned sector.
TECH ENABLER
Artificial Intelligence & Big Data Analytics
Blockchain
Cloud & Data Centre
Cybersecurity
DroneTech
Internet of Things
Robotic, Automation & Extended Reality
Creative Media Technology including extended reality (XR) and/or mixed reality (MR)
Integrated circuit (IC) design and/or embedded software
Advanced network connectivity and/or telecommunication technology
INCENTIVE AMOUNT
Local Owned Company
Up to 70% of total cost or up to
RM5 Million whichever is lower.
Grant Duration:
The quantum of Funding period of up to three (3) years.
Foreign Owned Company
Up to 70% of total cost or up to
RM5 Million whichever is lower. Officially
registered and currently operational in Malaysia.
Grant Duration:
The quantum of Funding period of up to three (3) years.