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.
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.