Deadline: 1-Jun-23
The Malaysia Digital Economy Corporation (MDEC) is delighted to launch an open call for the Malaysia Digital X-port Grant Program (MDXG) to support Malaysian technology companies that have demonstrated export readiness and are seeking to expand their global market presence.
The grant aims to stimulate high-value digital exports that lead to the development and commercialisation of market-driven, disruptive, innovative, and sustainable products or services for the global market.
Objectives
- To facilitate the expansion of Malaysian technology companies operating within Malaysia Digital promoted sectors and technology enablers in their efforts to penetrate the global market.
- To drive the development and commercialisation of cutting-edge, sustainable products and services that have the potential to transform industries and establish Malaysian technology companies as global icons.
- To elevate the branding of Malaysian technology products and services by supporting their reach beyond domestic borders and establishing themselves as leading players in respective industries.
Funding Information
- For Local Owned Company
- Up to 50% of total project cost or up to RM1 Million whichever is lower.
- Project Duration: Up to 1 Year
- Note: Quantum of funding is applicable for project period of up to 1 year.
- For Foreign Owned Company
- Up to 30% of total project cost or up to RM1 Million whichever is lower. Headquarters to be in Malaysia
- Project Duration: Up to 1 Year
- Note: Quantum of funding is applicable for project period of up to 1 year.
Expected Deliverables
- Creation of IP (if any)
- Number of high value jobs created related to the technology area
- Number of competitive and innovative technology product(s)/service(s) developed
- Number of competitive and innovative technology product(s)/service(s) with commercial value
- Commercial value and export revenue of competitive and innovative technology product(s)/service(s)
Eligibility Criteria
- Business / Company Profile
- Local Owned Company
- Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016;
- Minimum paid up capital of at least RM50,000 for companies.
- Active and minimum of 51% equity held by Malaysian(s) as per shareholding structure in the SSM.
- In operation for at least one (1) year
- Foreign Owned Company
- Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016.
- Active and minimum issued and paid-up capital of RM500,000.
- Headquarters to be in Malaysia
- In operation for at least one (1) year
- Local Owned Company
- Shareholder/Director’s Declaration
- Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare and disclose if there is any business relationship/family relationship with any of MDEC’s director or employee.
- Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare if they are under any litigation or legal proceeding i.e. litigation/legal proceeding relating to criminal offences, offences under any applicable laws, insolvency, or cases related to MDEC.
- Director(s) and shareholder(s) of the eligible Applicant/Recipient to declare if they are blacklisted by Malaysia Anti-Corruption Commission (MACC).
- Applicant/Recipient with common shareholder(s) can only apply for one (1) grant per one (1) project administered by MDEC at any one time (this requirement is not applicable to venture capital investors and registered market operator e.g.: Equity Crowdfunding Platforms).
- Business Nature and Malaysia Digital (MD) Status
- The business nature of company is technology related services and/or MD status company.
- The Applicant/Recipient must be MSC Malaysia Status company or Malaysia Digital (MD) Status company. However, if the Applicant/Recipient is not MSC Malaysia Status company or Malaysia Digital (MD) Status company, the Applicant/Recipient must apply for Malaysia Digital (MD) Status during the Availability Period.
- Note: Copy of MSC/MD Approval Letter if the Applicant has been awarded with MSC/MD Status OR proof of Applicant is applying for MD Status (ie screen shot of the application at Submitted Stage) if applicable
- Others
- Applicants who do not meet the eligibility criteria will be rejected immediately.
- Applicants are not allowed to submit multiple applications within the same window.
- The Applicant is required to meet the following specific conditions throughout the project period
- If outsourcing cost is involved, MDEC has the right to conduct background checks on the outsourcing parties to ensure there is no conflict of interest.
- The project under application must be new and limited to one (1) single project per Grant. Project in progress will not qualify (Improvements or additions of functionality is considered as new).
For more information, visit Malaysia Digital Economy Corporation (MDEC).