BigMedia

Tag: #MDEC

  • RM2.9 Million in Strategic Grants Awarded to Drive AI and Industrial Digitalization Progress

    RM2.9 Million in Strategic Grants Awarded to Drive AI and Industrial Digitalization Progress

    MDEC Launches RM2.9 Million in Grants to Accelerate AI and Industrial Digitalization in Malaysia. The Malaysia Digital Economy Corporation (MDEC) has announced two new strategic grant initiatives worth a combined RM2.9 million, aimed at fast-tracking digital transformation in Malaysia’s artificial intelligence (AI) and manufacturing sectors. These grants are part of the nation’s ongoing push to solidify its position as a digital leader in the region.

    The two programmes — the Malaysia Digital Acceleration Grant – Artificial Intelligence (MDAG-AI) and the SmartMFG+ Incentive Programme — are open exclusively to companies with Malaysia Digital (MD) or MSC Malaysia status, as well as those with pending MD status applications. Both initiatives are designed to support local tech players by promoting innovation, fostering high-skilled employment, and preparing digital solutions for export.

    According to MDEC Chief Executive Officer Anuar Fariz Fadzil, the grants are strategically timed to reinforce Malaysia’s digital agenda. “MDAG-AI sets a strong foundation for Malaysia to become a leading hub for AI innovation, while SmartMFG+ supports large-scale digitalisation within the manufacturing sector,” he said. “Together, they serve as a dual catalyst to accelerate our digital economy ambitions.”

    The MDAG-AI grant specifically targets high-impact AI projects aligned with Malaysia’s National AI Roadmap. It aims to support local companies involved in foundational, enabling, and application layers of AI by funding up to 70% of project costs, capped at RM2 million. The focus includes commercialisation of AI products, cross-sector application, talent development, and knowledge transfer. Applications are open until 18 July 2025, with successful applicants to be announced during the Malaysia Digital Expo (MDX) in September 2025.

    On the other hand, the SmartMFG+ Incentive Programme, under the New Industrial Master Plan 2030 (NIMP2030) and mandated by the Ministry of Investment, Trade and Industry (MITI), seeks to boost digital adoption within the manufacturing sector. It supports MD-status local solution providers with funding of up to 70% of their solution development costs, capped at RM75,000 per company. The programme also includes technical training, solution validation in simulated environments, and commercialisation support. Applications are open until 13 July 2025, and the programme will run from August to December 2025, culminating in the announcement of successful applicants at MDX in September.

    For eligibility and application details, visit:
    🔹 MDAG-AI Grant
    🔹 SmartMFG+ Incentive Programme

    These grants represent a bold move by MDEC to empower local companies, stimulate innovation, and prepare Malaysia’s digital economy for future challenges.

  • Malaysia’s Digital Investments Surge in Q2 2025 — Global Investors Show Strong Confidence

    Malaysia’s Digital Investments Surge in Q2 2025 — Global Investors Show Strong Confidence

    Malaysia’s Digital Investments Soar in Q2 2025, Reinforcing Its Position as ASEAN’s Leading Digital Hub. Malaysia’s digital economy continues to gain strong momentum, driven by robust investor confidence and a thriving ecosystem of innovation, skilled talent, and advanced infrastructure. In the second quarter of 2025, digital investments under the Malaysia Digital (MD) national strategic initiative surged by an impressive 125%, growing from RM13.11 billion in Q1 to RM29.47 billion. This significant leap reaffirms Malaysia’s reputation as a top destination for foreign digital investments (FDI) in the ASEAN region.

    As of June 2025, a total of 261 companies approved under the MD initiative have collectively pledged RM42.58 billion in investments, with the potential to create 17,495 high-value knowledge-based jobs over the next five years. Minister of Digital, Gobind Singh Deo, described this remarkable growth as a testament to Malaysia’s digital readiness, the strength of its innovation-driven ecosystem, and the trust of global investors in the country’s digital future. “These investments go beyond figures — they represent thousands of career opportunities for Malaysians and a long-term boost for our digital economy,” said Gobind. He also emphasized that the MD initiative remains a powerful engine for inclusive innovation and regional digital leadership.

    The top three sources of approved digital investments as of mid-2025 are led by Singapore, which committed RM13.91 billion (33% of total investment), followed by the United States at RM6.44 billion (15%) and China at RM2.97 billion (7%). The Data Centre and Cloud sector emerged as the leading investment vertical, contributing RM30.95 billion and expected to generate 1,440 knowledge jobs due to surging demand for regional data infrastructure. Notably, data centre companies alone accounted for RM13.45 billion, showcasing high investor confidence in Malaysia’s digital infrastructure and strategic connectivity.

    Other fast-growing sectors include artificial intelligence (AI), which drew RM3.29 billion in investments and is projected to create 6,920 jobs — the largest contributor to total projected employment at 40%. The Global Business Services (GBS) sector also saw strong interest, securing RM4.99 billion in investments and expected to add 5,632 jobs, or 32% of the total.

    Malaysia Digital Economy Corporation (MDEC) CEO, Anuar Fariz Fadzil, highlighted that the impact of the Malaysia Digital initiative goes beyond investment value. “The scale and quality of these investments demonstrate our commitment to delivering catalytic outcomes — in innovation, job creation, and ecosystem development. MDEC will continue enhancing investor support, talent pipelines, and strategic partnerships to maintain Malaysia’s edge as Southeast Asia’s most future-ready digital economy,” he said.

    As global interest in Malaysia’s digital sector continues to rise, the Ministry of Digital and MDEC remain committed to accelerating innovation, promoting inclusive growth, and strengthening the nation’s position as a premier digital hub in the region. For more details on Malaysia Digital and MDEC’s ongoing initiatives, visit https://mdec.my/malaysiadigital.

  • Ejen Ali 2 Surpasses RM40 Million Mark with Support from MDEC’s Digital Content Grant

    Ejen Ali 2 Surpasses RM40 Million, Marking a New Milestone for Malaysian Animation Industry. The Malaysia Digital Economy Corporation (MDEC) has extended its heartfelt congratulations to Wau Animation, an MD Status company, on the outstanding box office success of Ejen Ali The Movie 2 (EATM2). In just 13 days since its release, the film has grossed over RM40.6 million, setting a new benchmark for locally produced animated features and showcasing the rising strength of Malaysia’s creative industry.

    This major achievement reflects the immense talent within Malaysian studios, particularly in their ability to develop homegrown stories that resonate deeply with audiences. EATM2 not only captivates viewers with its compelling narrative and high-quality visuals but also features a powerful original score, further elevating the overall cinematic experience. The film’s triumph highlights the potential of local digital content and serves as a source of inspiration for aspiring creators across the nation.

    Anuar Fariz Fadzil, CEO of MDEC, emphasized that the success of Ejen Ali The Movie 2 is a clear demonstration of the world-class capabilities of Malaysian studios and storytellers. He noted that MDEC is proud to have played a role in this success through its Digital Content Grant (DCG), a funding initiative designed to accelerate the growth of high-quality, export-ready digital content. According to Anuar, Ejen Ali has become a symbol of Malaysian excellence in animation, encouraging the next generation to pursue bold and innovative creative ventures.

    Usamah Zaid Yassin, Founder and Executive Director of Wau Animation, echoed these sentiments, describing the film’s success as a collective win for Malaysia’s animation industry. He expressed gratitude for MDEC’s continued support, from Wau Animation’s early stages of incubation to the funding and advisory assistance for its first and second feature films. Usamah hopes this accomplishment will pave the way for emerging studios and content creators to thrive.

    This achievement aligns with the goals of the DICE (Digital Content Ecosystem) Roadmap, which positions Malaysia as a global digital creative hub by 2030. To date, the local creative content industry has generated over RM87 billion in revenue, RM11 billion in export value, and attracted RM80 billion in cumulative investments. As part of its ongoing efforts to nurture new talent, MDEC is currently accepting submissions for the Animated Short Challenge, with the aim of discovering and developing the next wave of intellectual properties akin to Ejen Ali, Upin & Ipin, BoBoiBoy, and Mechamato. The deadline for submissions is 13 June 2025.

    MDEC remains committed to supporting groundbreaking projects and reinforcing Malaysia’s position as a leader in the digital content space. Through strategic initiatives like the DCG and DICE Roadmap, MDEC continues to drive innovation and growth in the nation’s digital economy.

  • MDEC SECURES OVER RM350 MILLION IN EXPORT OPPORTUNITIES AT SUSHI TECH TOKYO 2025

    MDEC SECURES OVER RM350 MILLION IN EXPORT OPPORTUNITIES AT SUSHI TECH TOKYO 2025

    MDEC Secures Over RM350 Million in Export Opportunities at Sushi Tech Tokyo 2025. The Malaysia Digital Economy Corporation (MDEC) has proudly announced that it secured over RM350 million in business export opportunities during Sushi Tech Tokyo 2025, marking a significant milestone in Malaysia’s continued journey to position itself as a global digital and innovation hub. The event, widely recognized as Asia’s largest startup and innovation conference, gathered tens of thousands of participants and over 500 startups from across the globe, serving as a vibrant platform for fostering collaboration, innovation, and cutting-edge technological advancement to address global urban challenges.

    Anuar Fariz Fadzil, CEO of MDEC, emphasized that the achievement reflects Malaysia’s growing international reputation as a reliable and attractive destination for digital investments. He attributed this success to the ingenuity and resilience of Malaysian digital entrepreneurs, as well as the country’s commitment to nurturing a robust technology ecosystem. Anuar noted that Malaysia’s strategic location in Southeast Asia, coupled with strong digital infrastructure, pro-business policies, and a vibrant talent pool, makes it an ideal launchpad for global technology collaborations. Government-led initiatives and proactive international engagements have further reinforced Malaysia’s role in driving digital transformation regionally and globally.

    Acting as the Ambassador and Lead Organisation for the Malaysia Pavilion at Sushi Tech Tokyo 2025, MDEC collaborated with the Malaysia External Trade Development Corporation (MATRADE) Tokyo and the Japan External Trade Organization (JETRO). The mission also saw participation from Selangor Information Technology & Digital Economy Corporation (SIDEC) and Cyberview Sdn Bhd. Together, they showcased the capabilities of 17 Malaysian tech companies through exhibition booths, pitching sessions, and over 150 business meetings with companies and corporates from countries such as Thailand, South Korea, Australia, Mexico, and the United States. These engagements covered a wide spectrum of technological fields including Artificial Intelligence (AI), Fintech, Robotics, Semiconductor, and Quantum technology.

    Notable participating Malaysian companies included Alphaswift Industries, ALT Synergy, Bay Group Holdings, Boostorder, Collaborative Excellence, GoFluence, Hikayat Kebun, MDT Innovations, Move Robotic, MV Asia Sdn Bhd (FoneApp), Neupulse (BiiB), Pandai Education, Primary Guard, Sky-Tag Robotics, Unicom Marketing Digital, Xtractify, and Qarbotech.

    A major highlight of Malaysia’s participation was the signing of a Memorandum of Understanding (MoU) between MDEC and WingArc1st, a leading Japanese software and cloud solutions provider. The MoU, signed by WingArc1st CEO Jun Tanaka and MDEC’s Head of Digital Industry Acceleration & Digital Exports, Wan Murdani Wan Mohamad, aims to support high-potential Malaysian startups by enhancing their data capabilities and facilitating market entry into Japan through Proof of Concept (PoC) initiatives and funding support. This agreement is expected to accelerate cross-border innovation and business expansion between the two nations.

    Additionally, a partnership agreement was signed between Malaysian company Boostorder and WingArc1st to promote data-driven solutions that improve operational efficiency and support smarter business decisions. This partnership underscores the strategic value of international collaboration in leveraging technology for sustainable business growth.

    The achievements at Sushi Tech Tokyo 2025 not only highlight the strength and potential of Malaysia’s digital economy but also reaffirm MDEC’s commitment to driving global engagement and creating meaningful opportunities for Malaysian tech companies on the international stage.

  • MALAYSIA DRAWS RM16.2 BILLION IN DIGITAL INVESTMENTS, CEMENTS ROLE AS ASEAN TECH POWERHOUSE

    PENANG, 29 April 2025 – Malaysia’s digital economy continues to gain momentum, solidifying its role as a key driver of national growth. With RM16.2 billion in approved digital investments from January to April 2025 under the Malaysia Digital (MD) initiative, the country is seeing a surge in job creation, innovation, and economic opportunity. This strong investment trend, announced by Minister of Digital Gobind Singh Deo at the launch of the Ministry of Digital’s Northern Regional Office, is projected to generate 6,480 high-value jobs, reinforcing Malaysia’s position as a digital leader in the ASEAN region.

    The investments reflect growing international confidence in Malaysia’s digital ecosystem. Of the 148 companies awarded MD status during this period, 27% are in the Artificial Intelligence (AI) sector, followed by Data Centres & Cloud (23%) and Global Business Services (11.5%). These figures highlight the country’s increasing focus on innovation-led sectors. Malaysia Digital Economy Corporation (MDEC) CEO Anuar Fariz Fadzil emphasized that these results demonstrate global trust in Malaysia’s infrastructure, talent pool, and pro-business policies. He noted that Malaysia is not only building capabilities but also fostering a culture of innovation to support long-term national growth.

    PhotoCaption


    Photo 1    		Chairman of Malaysia Digital Economy Corporation (MDEC), YB Tuan Syed Ibrahim Syed Noh, delivering his welcoming speech at the MD Open Day 2025.


    Photo 2    		Minister of Digital, YB Tuan Gobind Singh Deo, delivering his keynote speech at the MD Open Day 2025.


    Photo 3    		Minister of Digital, YB Tuan Gobind Singh Deo, and Penang Deputy Chief Minister II, YB Tuan Jagdeep Singh Deo officiated the launch of the Ministry of Digital’s Northern Regional Office.


    Photo 4    		From left: CEO of Digital Penang, Ts. Ng Kwang Ming, Chairman of MDEC, YB Tuan Syed Ibrahim Syed Noh, Ministry of Digital, YB Tuan Gobind Singh Deo, Penang Deputy Chief Minister II, YB Tuan Jagdeep Singh Deo, EXCO for Infrastructure, Transport, and Digital of Penang, YB Tuan Zairil Khir Johari and CEO of MDEC, Anuar Fariz Fadzil.


    Photo 5
    Attendees present at the MD Open Day 2025 in Georgetown, Penang. 


    Photo 6    		The Minister of Digital, YB Gobind Singh Deo, together with the CEO of MDEC, Anuar Fariz Fadzil, and the Chairman of MDEC, YB Tuan Syed Ibrahim Syed Noh, during the press conference at MD Open Day 2025.

    Coinciding with the office launch, MDEC hosted the MD Open Day to spotlight key digital initiatives and promote collaboration between the public and private sectors. The event served as a platform for dialogue on talent development, innovation, and digital adoption while reinforcing the government’s commitment to regional digital empowerment. A highlight of the day was the signing of a Memorandum of Understanding (MoU) between MDEC and Digital Penang. This partnership aims to accelerate digital adoption in key areas such as Big Data, AI, Web3, cybersecurity, and blockchain, while also supporting talent development, mentorship, funding, and international market access for startups and SMEs in the northern region.

    The event was attended by several dignitaries, including Penang’s Deputy Chief Minister II YB Jagdeep Singh Deo, Infrastructure and Digital EXCO YB Tuan Zairil Khir Johari, and MDEC Chairman YB Tuan Syed Ibrahim Syed Noh, along with key industry stakeholders. The initiatives presented reaffirm Malaysia’s commitment to inclusive and comprehensive digital transformation, ensuring no region or community is left behind.

    For more details on MDEC’s digital initiatives and investment support, visit https://mdec.my/malaysiadigital.