MDEC launches latest initiative to accelerate SME digital transformation
MDEC launches latest initiative to accelerate SME digital transformation
MDEC launches latest initiative to accelerate SME digital transformation
- Nationwide plan kicks-off in Penang at newly launched Digital Ministry office
- US$6.9m awarded to Penang-based MD grant recipients, 173 have MD-status
The Malaysia Digital Economy Corporation (MDEC), under the purview of the Ministry of Digital, aims to accelerate the digital transformation of small medium enterprises (SMEs) nationwide, starting with the northern state of Penang this Monday.
This initiative – aimed at empowering SMEs with the tools, knowledge and support needed to embrace digitalisation and thrive in the digital economy – was announced on Monday by Minister of Digital Gobind Singh Deo.
It includes an engagement programme with Penang based SME associations in the newly opened Ministry of Digital’s Zon Utara Office in George Town.
The programme was designed to address state industry-specific challenges faced by SMEs in adopting and scaling digital transformation. It also aims to co-develop actionable solutions with stakeholders, to create a supportive ecosystem for digital enterprises to flourish, while enhancing partnerships for the greater good of the SME community.
In his address, Anuar Fariz Fadzil (pic above), CEO, MDEC, said that SMEs should view technology as an investment for unlocking growth, enhancing competitiveness and future-proofing their businesses.
“Technology is a necessity in today’s rapidly evolving landscape. By adopting digital tools and innovative solutions, SMEs can significantly improve their efficiency, reach and resilience in the global market – while also realising greater productivity and operational efficiencies,” said Anuar.
“At MDEC, we are dedicated to providing SMEs with practical digital solutions to enhance efficiency and competitiveness,” he added.
To date, US$6.88 million (RM30.96 million) has been awarded to Malaysia Digital (MD) grant recipients in Penang, with 173 companies in the state already achieving MD status.
“We look forward to welcoming more companies to achieve MD status, fostering greater innovation and creating a clear pathway for driving growth and competitiveness,” said Anuar.
The MD status aims to support businesses involved in digital and technological activities. It offers a variety of benefits to companies with the MD status, including tax incentives, grants and funding, business matching and access to networks.
To further encourage more companies to embark on the MD status and enjoy its benefits, an initiative will be unveiled by the Ministry soon that aims to help SMEs enhance efficiency and reduce operational costs by up to 20% through customised digital solutions.
“It entails understanding their ‘pain points’ and providing targeted solutions that align with their operational goals and industry demands,” said Anuar.
For more information on digital economy initiatives and programmes, visit mdec.my or send enquiries to [email protected].
Those in Penang interested in the programmes, may visit Kementerian Digital’s Zon Utara Office located at Bangunan U.A.B., Gat Lebuh China, George Town, Penang.