Application date extended to 15 April, 6pm


The programme is aimed to drive up the adoption to metaverse and accelerate the development of the digital creative content in Metaverse Platform by Brands and Digital Content Creators.


Shaping Future in the Metaverse: Collaborative Approach for Digital Success


Scope of the Incentive:

Up To


*Incentive Amount

Project Duration

Project Duration shall be up to four (4) months and commence from the date of signing of the agreement between the Recipient and MDEC.

Required Output

Metaverse content refers to digital assets, experiences, and environments created and accessible within a metaverse. This content can include 3D models, virtual spaces, interactive elements, multimedia presentations, games, applications, XR and various forms of digital media that users can engage with while navigating the metaverse. It forms the foundation for user experiences and interactions within the virtual universe.

*The Incentive Amount is subject to evaluation and assessment of the project proposal of the Applicant and is to be determined by the Evaluation Pane.


  1. Any businesses or companies registered in Malaysia and at least 50% owned by Malaysian citizens (excluding Permanent Resident);
  2. Not the subject of liquidation/winding up/bankruptcy order;
  3. Not subject to dissolution of businesses/enterprises/sole proprietorship/partnership and/or cease doing businesses as going concern;
  4. Not subject to any blacklisting from MDEC and/or any authority/statutory bodies;
  5. The Applicant to provide a Letter of Undertaking from Brand to collaborate on the adoption of the businesses to metaverse platform or any extended reality (XR) application;
  6. Not an on-going of any grant recipient from MDEC, National Film Development Corporation Malaysia (FINAS) or MyCreative Venture Sdn Bhd;
  7. Criteria for Brand Owner
  1. - Incorporated in Malaysia


  1. Fully completed application form.
  2. Project proposal.
  3. MYDATA-SSM (Business or Company Profile), to be obtained from *
  4. Business or company winding up search result, to be obtained from *
  5. Letter of Undertaking by the Applicant that the Applicant is not subject to any blacklisting from any authority/statutory bodies
  6. Letter of undertaking from Brand Owner to the Applicant
  7. Brand Owner’s latest audited report

* Any search report should be dated less than 6 months prior to the date of application to MDEC.



Project offer a unique or groundbreaking solution to a metaverse-related problem or opportunity for the Brand


Utility ideas and metaverse plan: Brief explanation of utility ideas that aim to enhance the functionality and user experience within the metaverse


Well-defined and clear milestones and timelines that the project will follow to achieve its goals


Commercialisation potential : The commercialisation capability based on the overall creativity, utility ideas and metaverse plan.


  1. The claim disbursement process will be based on the progress milestone claims, which is based on completed submission and achievements of the verified deliverables by MDEC and in accordance with the agreement.
  2. The Recipient is required to submit the required supporting documents (including any proof of payment substantiating expenses/incurred costs) for claims processing on MDEC einvoice system


  1. All applications must be submitted online. Kindly click at the Submit Now button below to submit, no later than the respective date.
  2. Upon closing of the submission, a due diligence will be conducted on the applications received.
  3. Eligible Applicants will be invited for a pitching session to present their project proposal to the Panel of Judges.
  4. All Applicants will be notified via email on the official result after the pitching session.
  5. All selected Applicants, namely the Recipients are required to sign an agreement with MDEC to govern the grant and disbursement of the incentive.
  6. The Recipient may apply to MDEC for a maximum of 3-months extension or any project issues resolution by serving a written request to MDEC not less than one (1) month from the expiry of project duration or such other period as agreed by MDEC, together with its justification and supporting documents for such request. MDEC shall have all the rights to approved or reject the request.
  7. Once the extension has been approved, the project duration shall be extended to include the extension period and Availability Period. There will be no changes on the approved amount should there be any extension approved.


Seize the opportunity and apply now to be part of this groundbreaking programme!

Frequently Asked Questions