CYBERJAYA: New applications for three main grants, namely the Digital Content Grant (DCG), the Malaysia Digital X-Port Grant (MDXG) and the Malaysia Digital Catalyst Grant (MDCG) are now open until June 1.
This government initiative is coordinated by Malaysia Digital Economy Corporation (MDEC), an agency under the Communications and Digital Ministry (KKD).
DCG focuses on the development of the digital creative industry. DCG 2023 provides four other grants namely the:
> Mini project grant
> Development grant
> Production grant
> Marketing and Commercialisation grant.
These four grants offer grants worth RM150,000 to RM2mil to companies and sole proprietorships or limited liability partnerships (LLP), involving four areas of digital content namely animation, digital games, digital comics, and creative technology.
MDXG aims to support the growth of local technology companies to establish footprints in international markets. MDXG focuses on local companies that have demonstrated product export readiness, high-value technological activities, innovative and sustainable services for expansion to the global market with a maximum project duration of up to one year.
MDCG targets competitive technology and competitive innovation. MDCG provides support to technology companies to stimulate the use and development of sustainable and innovative solutions in line with the promoted sectors under Malaysia Digital (MD) based on 4IR technology, with a maximum project duration of up to one year.
Communications and Digital Minister Fahmi Fadzil said that the distribution of the grant is vital in realising the ideas of creative industry players and in increasing local talents in the creation of digital content.
This initiative includes leveraging on international cooperations and contributing to the growth of the country’s digital economy.
The digital economy of Malaysia has reached 22.6 percent of Gross Domestic Product (GDP) in 2021 and is expected to grow beyond the initial target of 25.5 percent by 2025.
The three grants are one of the future resolutions in creating a national digital industry ecosystem that is more conducive and sustainable.
Selected applicants will be required to attend a presentation session scheduled in June 2023.
Application results are expected to be announced in July 2023, subject to the number of applications received.
For more information, interested applicants may visit www.mdec.my/grants.