In 1996, with the inception of the Multimedia Super Corridor (MSC) and the establishment of Cyberjaya, MDEC laid the foundation of building a world-class infrastructure across 185,000 acres of land.
In 2011, MDEC was given the mandate to expand the Multimedia Super Corridor (MSC) and to drive the nation’s digital economy in a more holistic manner. Digital Malaysia is a national agenda that is fully developed with a sustainable digital economy built upon a vibrant ICT industry, transformative use of digital solutions by government, businesses and citizens, as well as a robust enabling ecosystem.
This national agenda is a collaborative effort involving a host of other agencies that promote synergistic and complementary values that contribute to the digital economy ecosystem. It includes MCMC, the country’s ICT regulatory body responsible for building world-class digital infrastructure and connectivity in Malaysia; MaGIC, whose focus is to catalyse the tech start-up and incubation scene; MIMOS, driver of innovation in R&D and MAVCAP, a funding and VC vehicle.
As one of 6 investment promotion agencies (IPAs) under MITI, attracting foreign direct investments (FDIs) is a big part of what MDEC does in maximising the digital economy’s contribution to the country. Today, the MSC Malaysia footprint has expanded to 42 other locations across the country, playing host to more than 3,800 companies from more than 40 countries, employing more than 150,000 high-income knowledge workers, 85% being Malaysians. Malaysia is ranked top 3 in AT Kearney’s Global Services Location Index since 2005, with only China and India ahead of us.
On the local front, MDEC strives to create a digital ecosystem that promotes innovation and creativity. There is a critical need for local tech companies to enter and compete in the global market. Hence, in line with expanding MSC Malaysia’s globalisation footprint, MDEC is committed to identify and accelerate our local tech champions into global tech icons.
Technology no longer is the backroom support for companies. Technology is changing the rules of business and disruption is becoming the norm. Incorporating future-proofing into business review processes is critical to stay ahead of the curve. MDEC’s role is to create opportunities and build a strong vibrant digital innovation ecosystem.
We are focused on expanding opportunities in key areas such as eCommerce, Cloud, Creative Technology, Internet-of- Things (IoT) as well as Big Data Analytics (BDA). These are becoming increasingly important as we ready the nation for the advent of an economy that is driven by digital innovation.
For the digital innovation ecosystem to achieve high impact outcomes, a solid Talent ecosystem is imperative to ensure our future generation is equipped with the necessary digital competencies to fulfill the demands of future jobs. MDEC plays an advocacy role (influencing and shaping policies) amongst major stakeholders within the talent and education ecosystem. MDEC is also committed to drive collaboration between public & private-sector partnerships across the country to nurture and develop digital skills amongst Malaysians.
Driving Digital Economy goes beyond encouraging the use of technology in our daily lives. It is about connecting and empowering citizens, businesses and government to enhance productivity and improve living standards.
MDEC is committed to take an ‘inclusive’ approach to building the Digital Economy under the banner of “Merakyatkan Ekonomi Digital”. Through our newly introduced programmes - eRezeki and eUsahawan, Malaysians from all walks of life will be able to earn additional income through digital means.
Harvard Business School to Nurture Data Professionals in Malaysia
Tan Sri Sidek Hassan is the New Chairman of MDEC
NanoMalaysia, Scomi and MDEC Sign MoU to Develop Internet of Nano-Things (IoNT) Synergies in Smart Transportation Ecosystems