Malaysia Digital Economy Malaysia (MDEC), Malaysia’s leading agency in digital transformation, has announced the Global Technology Grant (GTG), an initiative aimed at nurturing global champions, driving investments, and catalyzing a digital innovation ecosystem through the development and commercialization of commercial-driven products or services.
The grant provides up to RM2 million funding for technology companies and technology accelerators to expand their global market presence via innovation and commercialization of market-driven products, as well as to set up Centres of Excellence.
The goal is to support the scaling-up of Malaysian technology companies into the global arena by way of empowering innovation, development and commercialization of products and services
Open to both local and foreign-owned tech companies that are incorporated in Malaysia
The GTG also serves to support high-impact ecosystem development initiatives, including the development of ecosystem players that ultimately contribute to the growth of the digital economy, such as new job creations, expansion of export and investments, and talent development that all fall under MDEC’s focus areas.
The Global Technology Grant is open for submission on 27 August 2021, and the closing date for submissions on 15 September 2021, with evaluation and approvals set to be completed by October. The project execution phase will begin in November and December.
Source: MDEC
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