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MDEC Empowers SMEs with Malaysia Digital Grants

The Malaysia Digital Economy Corporation (MDEC), operating under the Ministry of Digital, has launched an ambitious initiative to accelerate the digital transformation of small and medium enterprises (SMEs) across the nation. This week, the focus is on Penang, as part of efforts to empower SMEs with the tools, resources, and expertise necessary to thrive in the digital economy.

Announced earlier today by the Minister of Digital, YB Gobind Singh Deo, the programme aims to foster collaboration and drive innovation among SMEs. It includes an engagement session with SME associations based in Penang, held at the recently inaugurated Zon Utara Office of the Ministry of Digital in George Town.

This programme is tailored to address specific challenges faced by local industries in adopting digital transformation and scaling operations. It is designed to co-create actionable solutions with key stakeholders, foster a conducive ecosystem for digital enterprises, facilitate knowledge-sharing through dialogue sessions, and strengthen partnerships that accelerate digital adoption.

In his remarks at the event, MDEC CEO Anuar Fariz Fadzil emphasised the importance of leveraging technology for business growth, competitiveness, and sustainability.
“Technology is no longer optional—it is essential in today’s fast-changing world. By embracing digital tools and innovations, SMEs can enhance their operational efficiency, expand their market reach, and build resilience for the future,” said Anuar.

He further stated that MDEC remains committed to equipping SMEs with practical and effective digital solutions to boost their productivity and competitiveness.

The initiative reflects the shared commitment of the Ministry of Digital and MDEC to building a robust digital economy that benefits all segments of society, from businesses to the rakyat. To date, RM30.96 million in Malaysia Digital (MD) grants has been awarded to Penang-based recipients, with 173 companies in the state already attaining MD status.

“We are eager to see more businesses achieve MD status, which paves the way for innovation and contributes to the state’s growth and competitiveness,” Anuar added.

MD status provides numerous benefits, including tax incentives, access to grants and funding, business-matching opportunities, and enhanced networking capabilities. These benefits aim to foster a dynamic environment that supports digital and technology-driven enterprises.

To encourage more companies to pursue MD status and reap its benefits, the Ministry is planning to launch a new initiative that will offer tailored digital solutions to SMEs. This programme is expected to help businesses cut operational costs by up to 20% while addressing their unique challenges and aligning with their specific industry needs.

“We are committed to identifying SME pain points and delivering customised digital solutions to meet their operational goals,” Anuar explained.

The event also saw the presence of key dignitaries, including Penang Deputy Chief Minister II, YB Jagdeep Singh Deo A/L Karpal Singh, Digital Penang CEO YBrs Ts. Kwang Ming Ng, and leaders from various Penang SME associations.

For more information on MDEC’s initiatives and programmes related to the digital economy, visit mdec.my or send your enquiries to clic@mdec.com.my.

Penang-based businesses interested in these initiatives can also visit the Ministry of Digital’s Zon Utara Office at Bangunan U.A.B., Gat Lebuh China, George Town, Penang.