COMPANY PROFILE
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
Global Tech Fund for Nurturing Global Champions
Agency Name
Malaysia Digital Economy Corporation
Amount
Up to 50% of the approved total project cost; subject to a undisclosed ceiling limit
Type
Partial Grant
Category
Startup
Sector
Big Data Analytics, Internet Of Things (IOT), Artificial Intelligence/ Deep Learning, Cryptocurrency and blockchain, Cybersecurity, Robotics and drones, Drone technology, Virtual reality/ Augmented reality, Other emerging technologies
Purpose
GTF targets local scale-up technology companies who are ready to go into their first global market or expand their existing global market presence via technology innovation and commercialisation of market-driven product/service. We want to see potential Malaysian unicorn in the making. Local technology companies are welcome to set up Centre of Excellence for the benefit of the ecosystem.
Requirement / Criteria
1. Local Technology Company – a business entity incorporated in Malaysia with paid-up capital of at least RM20,000;
2. Malaysian equity of at least 51%.
3. You are required to maintain project team composition (minus the finance staffs) of at least 50% Malaysians throughout your proposed project funding duration.
