MDEC invites applications for Global Technology, 4IR Catalyst grants

CYBERJAYA: Malaysia Digital Economy Corporation (MDEC) has 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 product or service, while the 4ICG helps technology solutions provider to co-create, problem-solve, innovate, and deploy 4th Industrial Revolution (4IR) solutions in partnership with an end-user.

MDEC CEO Mahadhir Aziz said 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.

“The GTG and 4ICG grant provides tech companies the necessary funding to go further with their products and services aside from fostering technology champions, attract investment and incubate innovation for the digital ecosystem.

“MDEC is confident that great innovations will be coming from the grant applicants as we will continue to enable ecosystems conducive to drive Malaysia forward towards becoming the preferred digital hub,“he added.

GTG is open to technology companies or startups 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 can be of locally-owned or foreignowned 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 Excellences 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.

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 RM2 million, whichever is lower.

Applications for both the GTG and 4ICG are now open until June 30.