The Malaysia Digital Economy Corporation (MDEC), an agency under the purview of the Ministry of Digital Malaysia, today announced the opening of applications for three key grants.
These are the Digital Content Grant (DCG) for 2024/2025, the Malaysia Digital Catalyst Grant (MDCG), and the Malaysia Digital Export Grant (MDXG). These grants are available for application from Sept 9, 2024 and will remain open until fully committed.
3 Grants For Businesses
Three distinct grant categories are available to producers of digital content under the DCG 2024/2025.
While the Prime award supports the same with a maximum amount of RM500,000.00 per award winner, the Mini Grant promotes the development, production, and commercialization of digital content items with a maximum amount of RM150,000.00 per grant recipient.
Up to RM300,000 to each grantee
The Marketing & Commercialization Grant offers up to RM300,000 to each grantee to help fund the commercialization of digital content items.
Since 2016, the DCG has been supporting creative content firms in Malaysia, enabling them to develop, produce, and sell digital content across several industries. This includes animation, digital games, digital comics, and creative technologies, among others.
High- impact solutions
The MDCG offers up to RM1 million or 50 per cent 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.
For further details pleae visit here to view Grants available currently
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. The MDXG, which also offers up to RM1 million or 50 per cent 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. MDEC is encouraging companies that have yet to attain MD status to apply. The status gains companies 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.
Comments