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MDEC(Malaysia Digital Economy Corporation)
Malaysia Digital Economy Corporation Sdn. Bhd. (MDEC) is the holistic, government-owned agency launched in 1996 to pioneer the transformation of Malaysia’s digital economy. Its roots stemmed from Vision 2020, the plan to develop Malaysia into a fully-developed nation by 2020. MDEC pursues a digital future that unlocks significant economic, environmental, and social value within the nation. MDEC was entrusted to oversee the development of the MSC Malaysia initiative, the platform to nurture the growth of local tech companies whilst attracting foreign direct investments (FDIs) and domestic direct investments (DDIs) from global multinational companies. The impact of this includes increasing Malaysia's Gross National Index, bridging the income gap and improving standards of living.
To support a digital economy, MDEC rolls out initiatives that revolve around four key pillars:
1) Attracting Investors, Globalising Local Tech Champions .
2) Catalysing Industry-Driven Digital Ecosystem .
3) Building Critical Enablers of the Digital Economy .
4) Driving Inclusive Adoption of Technology .
To succeed on these fronts, the MDEC engine harnesses the collaborative energy, capabilities, and vision of the government, businesses, and citizens. A strong and sustainable digital economy necessitates a population who not only possess the relevant digital competencies, but are genuinely inspired to participate. MDEC thus works towards a mandate of inclusive adoption that encourages Malaysians to embrace technology in their day-to-day lives to improve their socio-economic wellbeing.At the heart of MDEC is MSC Malaysia, a national initiative that grows local digital businesses into global players whilst working to continuously future-proof the local digital ecosystem.
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