The Malaysia Digital Economy Corporation (MDEC) will receive RM 35 million allocation channelled by the government under the National Economic Recovery Plan (PENJANA). This allocation is given to the local digital creative content industry to help reinforce the sector’s continued growth.
Through this PENJANA Digital Content Fund, it would further expand and enhance the two existing digital content programmes that MDEC is managing at the moment.
“It will be used to enhance two specific initiatives namely the PENJANA Digital Content Creators Challenge (PENJANA DC3+) and PENJANA Digital Content Grant (DCG) under MDEC.
Both programmes under MDEC are designed to help local talents to hone their creativity
According to MDEC, the PENJANA DC3+ is designed to enable local talents to hone their creativity and the ability in conceptualising new ideas for content. PENJANA DCG on the other hand is to help local creative industry players adapt to the new normal amidst the global pandemic that is happening now.
MDEC chief executive officer Surina Shukri said the fund is timely as it could help to increase business opportunities and expand market access in the short term. She also said it will also help Malaysia’s digital creative industry to sustain itself during these trying times.
Criteria to enter PENJANA DC3+ Challenge:
- The company must incorporated in Malaysia under the Companies Act 1965 or Companies Act 2016.
- More than 50% equity owned by Malaysians.
- Not subject to winding up order;
- Team member(s) has more than 1-year experience and proven portfolio on digital creative content creation
List of offered grants by MDEC:
- Development grant
- Production grant
- Co Production grant
- Creed grant
- IP Marketing and Licensing grant
For interested candidates, they can submit their applications for PENJANA Digital Content Creators Challenge (PENJANA DC3+) starting 20 July until 31 August 2020. Meanwhile, PENJANA Digital Content Grant (DCG) is open for application since August 1, 2020.