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Development Fund


MDEC was established in 1996 as the lead agency to implement the MSC Malaysia initiative. Today, we are an agency under the Ministry of Communications and Multimedia Malaysia (KKMM) with a close to 25-year track-record of successfully leading the ICT and digital economy growth in Malaysia. Malaysia’s central geographical location in ASEAN, its young & digitally-savvy population, multicultural & multilingual tapestry, easy access to capital & regional markets, ease of doing business, certainty of business operating environment and legal system, comparative value and high standard of living, makes it the natural choice to land and grow your digital business here. MDEC’s aspiration is to firmly establish Malaysia as the Heart of Digital ASEAN, a regional digital powerhouse launching global champions to lead the Fourth Industrial Revolution, ensuring our digital economy will drive shared prosperity for all Malaysians.

Grant Name
Development Fund
Agency Name
Malaysia Digital Economy Corporation
Matching Grant
Animation, Interactive Media
Development Fund focuses on the development stage of the Project, the stage where it involves idea generation, production design, market research, and marketing analysis. The development stage is defined as a planning phase of the Project. This includes development of the idea into a working script, research, and development (R&D) of the concept, business plans, and preparation of documents which are investor-friendly. Applicants with new project/IP/idea within the Eligible Project Categories are encouraged to apply for funding under the Development Fund.
Requirement / Criteria
1. The applicant is a company incorporated in Malaysia. 2. More than Fifty Per Cent (50%) of the legal and beneficial ownership of the applicant is vested in Malaysian(s). 3. The applicant is not the subject of a winding up order. 4. The applicant has received funding from MDEC and/or any other ministries or agencies under the Government of Malaysia of any amount exceeding RM150,000.00 (in a single case): (a) all such fund have been fully utilised; (b) all projects thereunder have been completed i.e. all milestones have been delivered to the satisfaction of the provider of such funding as duly acknowledged and certified by the provider of such funding. 5. The applicant fulfils at least One (1) of the following: (a) the applicant has a minimum of Two (2) years track record in the development of creative works whether as an outsourced service provider or in creation of original works (b) where the applicant has been in operation for less than Two (2) years, the Applicant must have a minimum of Two (2) staff [whereby at least One (1) of the staff has at least Three (3) years track record of delivering projects in its employment