February 29, 2024

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MDEC Launches Two Tech Grants

The Malaysia Digital Economy Corporation (MDEC) announced the 2022 edition of the Global Technology Grant (GTG) and 4IR Catalyst Grant (4ICG) and is calling for new applicants. The GTG provides applicants access to funding for research or innovation, development and commercialisation of innovative commercial products or services, while the 4ICG helps technology solutions providers to co-create, problem-solve, innovate, and deploy 4th Industrial Revolution (4IR) solutions in partnership with an end-user.

The CEO of MDEC stated that the time is now for technology companies to further their digital agenda as the global market is hungry for solutions that reduce the digital divide. He also noted that the GTG and 4ICG grant provides tech companies with the necessary funding to go further with their products and services aside from fostering technology champions, attracting investment and incubating innovation for the digital ecosystem.

MDEC is confident that great innovations will be coming from the grant applicants as they continue to help foster ecosystems conducive to driving Malaysia forward towards becoming the preferred digital hub.

GTG is open to technology companies or start-ups that are ready to venture into their first global market or want to expand their existing global presence with further product and service commercialisation, with a maximum project duration of two years.

Applicants may be locally owned or foreign-owned companies with the former receiving up to 50% of the total project cost or RM2 million, whichever is lower, while the latter receiving 30% of the total project cost or RM2 million, whichever is lower.

The GTG is also open to foreign technology companies to set up Centres of Excellence in Malaysia that are focused on conducting high-value innovation and research and development (R&D) activities. Similarly, they too will be able to receive up to 30% of the total project cost or RM2 million, whichever is lower.

Meanwhile, the 4ICG is designed to catalyse the use and development of 4IR technology into key business verticals as outlined in the National 4IR Policy. The grant will be used solely for the purpose of co-creation, problem-solving and commercialisation of 4IR solutions with a project duration of 1 year.

4ICG applicants can consist of technology solution providers and 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.

They can be locally owned or foreign-owned companies with the former receiving up to 50% of the total project cost or RM2 million, whichever is lower, while the latter receiving 30% of the total project cost or RM 2 million, whichever is lower.

Among the key focus sectors for 4ICG applicants are the wholesale and retail trade, transportation and planning, tourism, finance and insurance, utilities, professional, scientific, and technical services, healthcare, education, agriculture, and manufacturing. The proposed solutions for the end-user must be developed on the foundation of artificial intelligence (AI), Internet of Things (IoT), blockchain, cloud computing and big data analytics.

In 2021, 12 companies were approved as recipients of these grants. Applications for both the GTG and 4ICG are now open until 30 June 2022 and companies are eligible to apply for either one of the grants available, based on their proposed project. Successful applicants will be announced within two months of the application closing date.

PARTNER

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.

PARTNER

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.

PARTNER

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.

SUPPORTING ORGANISATION

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.

PARTNER

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. 

PARTNER

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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