February 24, 2024

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4IR Catalyst Grant Launched for Malaysian Tech Companies

Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency, has announced the 4IR Catalyst Grant (4ICG) in support of scaling up Malaysian-based technology companies. The 4ICG is designed to catalyse the use and development of 4IR technology into key business verticals as outlined in the national 4th IR policy. The grant will be used solely for the purpose of co-creation, problem-solving and commercialisation of 4th IR solutions.

Successful local applicants will be awarded up to 50 per cent of the total project cost, subject to a ceiling limit of RM2 million whichever is lower. Chosen foreign-owned companies will be awarded up to 30 per cent of the total project cost, subject to a ceiling limit of RM2 million, whichever is lower.

Grant recipients will also be onboarded into MDEC’s GAIN programmes and will benefit from market access, business matching, funding facilitation and mentoring opportunities. They also stand to benefit from revenue and export increases, upskilling and increased chances of receiving investments.

The Chief Digital Industry Officer at MDEC stated that the agency introduced the 4ICG to increase productivity, product quality, improve quality of life and preserve the ecological integrity of 10 key economic sectors and six supporting sectors of the Malaysian economy as outlined in the National Fourth Industrial Revolution Policy.

It was noted that the grant is also expected to increase the visibility of Malaysian-based tech companies and growth in revenue and exports from Malaysian-based 4IR tech companies. This adds towards achieving the goals set forth by the Malaysia Digital Economy Blueprint (MyDIGITAL) to transform the country into a digitally-driven, high-income nation; and towards making Malaysia the Heart of Digital ASEAN.

Key sectors identified for the grant applicants are wholesale and retail trade, transportation and logistics, tourism, finance and insurance, healthcare, agriculture, and education. Supporting sectors include construction, real estate, mining and quarrying, information and communication services, arts, entertainment, and administrative and support services.

The grant is looking to target up to 20 applicants with the duration of funding for a project period of up to one year. The closing call for submissions is in November, with the evaluation and approval process to take place by December.

Applicants must be able to demonstrate that they have secured the commitment of the end-user to fund their share of the project cost at the time of application. Applicants who can demonstrate this requirement may request for a mobilisation payment not exceeding 20 per cent of the grant amount upon signing of the letter of offer issued by MDEC. The new 4ICG application is now open for submissions. Applicants will be able to check their eligibility criteria and register their interest at the website.

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 25 years. We aim to enable a progressive, innovation-led digital economy.

To achieve this, MDEC will execute on its NADI (Nadi Digital) framework, based on the four thrusts: New skills, Adoption, Digital ScaleUps and Investments. NADI will drive our core programmes for the rakyat, industry and investors. MDEC will continue to lead Malaysia’s digital economy forward towards becoming a globally competitive digital nation, anchored on innovation, sustainability and shared prosperity, firmly establishing Malaysia as the Heart of Digital ASEAN.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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