Malaysia Digital Economy Corporation

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The Malaysia Digital Economy Corporation (MDEC) is a government agency that aims to drive the growth of Malaysia's digital economy. Established in 1996, MDEC has been instrumental in creating a conducive environment for the development of the technology and digital sectors in Malaysia.

MDEC's Vision and Mission

MDEC's vision is to make Malaysia a leading digital economy by 2020. Its mission is to empower the digital economy ecosystem by developing and nurturing local tech champions, attracting foreign direct investments, and creating a vibrant start-up and innovation ecosystem.

MDEC's Role in the Malaysian Economy

MDEC plays a crucial role in the Malaysian economy by driving the growth of the digital sector. The digital sector has become an increasingly important contributor to Malaysia's GDP, with the sector growing at a rate of 9% annually. In 2019, the digital economy contributed RM267.7 billion to Malaysia's GDP, accounting for 18.5% of the country's total GDP.

MDEC's Programs and Initiatives

MDEC has implemented various programs and initiatives to support the growth of the digital sector in Malaysia. These include:

Digital Transformation Acceleration Programme (DTAP)

DTAP is a program designed to help Malaysian companies transform their businesses through the adoption of digital technologies. The program provides companies with training, funding, and technical assistance to help them embrace digital transformation.

Global Acceleration and Innovation Network (GAIN)

GAIN is a program that aims to connect Malaysian start-ups with global innovation ecosystems. The program provides start-ups with access to mentors, investors, and other resources to help them grow their businesses.

Global Business Services (GBS) Programme

The GBS program aims to attract foreign direct investments in the GBS sector. The program provides incentives and support to foreign companies that set up operations in Malaysia.

Malaysia Tech Entrepreneur Programme (MTEP)

MTEP is a program designed to attract foreign tech entrepreneurs to Malaysia. The program provides foreign entrepreneurs with funding, mentoring, and other resources to help them establish their businesses in Malaysia.

MDEC's Impact on the Digital Sector in Malaysia

MDEC's programs and initiatives have had a significant impact on the digital sector in Malaysia. The agency has helped to create a vibrant start-up ecosystem, attracting foreign investment and nurturing local tech champions. MDEC has also played a crucial role in developing the infrastructure and talent needed to support the growth of the digital sector.

Conclusion

MDEC has been instrumental in driving the growth of Malaysia's digital economy. The agency's programs and initiatives have helped to create a conducive environment for the development of the technology sector, attracting foreign investment and nurturing local tech champions. MDEC's vision of making Malaysia a leading digital economy by 2020 is well on track, and the agency's impact on the digital sector in Malaysia is set to continue for years to come.

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