Malaysia Digital Acceleration Grant

Accelerating Growth and Expansion of Mature Digital Technology

Application open until 28 July 2023

What is

Malaysia Digital

Acceleration Grant?

Malaysia Digital Acceleration Grant intent is to accelerate the growth of Malaysia Digital Status companies that are in commercialisation and expansion stages to become regional champions and is aligned with Malaysia Digital promoted sectors and tech enablers.

Encourage

Encourage and promote strategic, high growth and high impact activities in the digital focus areas in moving up the value-chain and ecosystem.

Accelerate

Accelerate business activities that bring significant impact to Malaysia’s Digital Economy in the context of expansion or enhancement of operations via technology adoption and continuous digital innovation.

Ensure

Ensure competitive and sustainable growth of the companies and be the testament of Malaysia as digital economic powerhouse.

  • Accelerate

    Accelerate business activities that bring significant impact to Malaysia’s Digital Economy in the context of expansion or enhancement of operations via technology adoption and continuous digital innovation.

  • Ensure

    Ensure competitive and sustainable growth of the companies and be the testament of Malaysia as digital economic powerhouse.

Malaysia Digital Promoted Sectors

  • Digital Cities

    Digital Health

  • Digital Finance

    Digital Trade

  • Digital Content

    Digital Tourism

  • Islamic Digital Economy

*Not limited to the above-mentioned sector.

Tech Enabler

  • DroneTech

    Internet of Things

    Robotic, Automation & Extended Reality

    Creative Media Technology including extended reality (XR) and/or mixed reality (MR)

  • Integrated circuit (IC) design and/or embedded software

    Advanced network connectivity and/or telecommunication technology

INCENTIVE AMOUNT

Local Owned Company

Up to 70% of total cost or up to
RM5 Million whichever is lower.

Grant
Duration:

The quantum of Funding period of up to three (3) years.

Foreign Owned Company

Up to 70% of total cost or up to
RM5 Million whichever is lower. Officially
registered and currently operational in Malaysia.

Grant
Duration:

The quantum of Funding period of up to three (3) years.

SCOPE OF EVALUATION

    1. Reference should be past track record (where applicable), together with the branding and any other relevant information. Some criteria may include the following:
      • Brand name;
      • Expertise; and/or
      • Influence in industry such as awards or recognitions.
    2. Local spending and capital growth, return of investment, benefits to Malaysia, both direct and indirect, where applicable.
    3. Other potential spill-over/benefits to local ecosystem and value-chain.
    4. Revenue, export market, number of jobs, type of jobs, potential technical exposure to locals. Emphasis on export should be focused on local companies so that they become regional or global.
    5. For foreign companies, emphasis should be on the establishment of new Malaysia Digital activities.
    6. Industry linkages, the establishment of a Centre of Excellence, training programmes for fresh graduates or the hiring of qualified employees, collaboration with tertiary institutions or academy for training and knowledge transfer.

ELIGIBILITY CRITERIA

    1. Eligible company
      • Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016; and
      • Minimum paid up capital of at least RM50,000.00
      • MSC or MD status companies or MD status to be approved within the grant period
      • The SSM of a company should reflects a digital business presence. If there is no digital business presence in the SSM, the application will be rejected.
    2. The company must be in operation for at least one (1) year.
    3. The company must be related to technology as per stated in the SSM; and/or Company demonstrated technology related to Malaysia Digital (MD) promoted sectors and tech enablers.
    4. Must be approved MSC Malaysia/Malaysia Digital (MD) status company within twelve (12) months or to remain as MSC Malaysia/Malaysia Digital (MD) status from effective date of the Grant Period.

Click here to download full version of Eligibility Criteria

Required Documents for Application

Make sure you have all the neccesary documents for your application.

APPLICATION PROCESS

  • Step 2

    Click “Start Application” under
    "My Applications"

  • Step 3

    Select department “Grants and Funding”

  • Step 4

    Select programme “Malaysia Digital Acceleration Grant (MDAG)”

  • Step 5

    Provide your company details and upload your application form with supporting documents

  • Step 6

    Click “Submit Application” once completed

  • Step 7

    Completeness & compliance checking by MDEC

  • Step 8

    Pitching session by applicant

  • Step 9

    Approval process

  • Step 10

    Application result

Frequently Asked Question

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