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MDEC expects RM250m revenue from high-tech MY companies involved in ID programmes

MDEC expects RM250m revenue from high-tech MY companies involved in ID programmes

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The Malaysia Digital Economy Corporation (MDEC) has projected the generation of RM250 million in digital export opportunities, as stated by the organisation on it Facebook page. This revenue is expected to come from 42 high-tech Malaysian companies’ who have recently participated in MDEC's programmes in Indonesia. 

Don't miss: KPMG and MDEC join hands to nurture Malaysia tech unicorns

The programmes, called DEX Connex and FOX Xposure, which were created in partnership with KUMPUL Sinarmas Land, KUMPUL, Fintech Indonesia, Xcion, and Amvesindo, Indonesian entrepreneur ecosystem builder, were aimed at enhancing collaborative relationships between Malaysian and Indonesian high-tech companies.

This partnership between the two countries, according to MDEC, marks a significant milestone in solidifying collaboration between the two nations.


“This achievement paves the way for a strengthened partnership and creates a foundation for future business opportunities, with an anticipated value of RM250 million,” the statement added.

MDEC’s CEO, Mahadhir Aziz, said that the programmes aid in fostering collaboration and knowledge-sharing as key drivers for innovation and growth in the digital economy, as reported by Bernama.

Earlier this year, MDEC launched the MDEC Horizon Publication, a comprehensive and strategic publication which offers invaluable insights and information on Malaysia’s digital landscape.

MDEC is also set to launch the MDX 2023 in September which is an event that celebrates and amplifies all tech events “On its Facebook page, MDEC wrote, “This highly anticipated event will celebrate and amplify all tech events, featuring international and local speakers and panellists from reputable organisations across Malaysia.”

MDEC has been proactive in contributing to Malaysia's tech scene. Earlier this year KPMG Malaysia has joined hands with MDEC to accelerate the growth of Malaysian start-ups to become the future of technology unicorns by 2025.

Via this collaboration, KPMG will be extending support to MDEC’s founders centre of excellence (FOX) programme. The FOX program sits under the new national strategic initiative, Malaysia Digital, which seeks to build the country’s digital capacities and capabilities while raising the overall ecosystem value, so as to accelerate the growth of the digital economy in establishing Malaysia as the digital hub of ASEAN.

Related articles:
MDEC launches Digital Content Creators Challenge for 2023
KPMG and MDEC join hands to nurture Malaysia tech unicorns
MDEC under MACC investigation for reportedly making false claims

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