MDEC reviews over 200 TSP to support SMEs in digital adoption

The Malaysia Digital Economy Corporation (MDEC) is reviewing 200 applications from technology solution providers (TSPs) to support the small and medium enterprises (SMEs) in digital adoption under the matching grant for digitalisation of SMEs.

Chief executive officer Surina Shukri said there are currently 42 TSPs under MDEC’s supervision, adding that local technology companies may submit their application to MDEC to become one of the TSPs before March 31.

“MDEC’s role in this initiative is to advise on digitalisation areas and availability of TSPs, as well as to identify and perform due diligence on potential TSPs which will support SMEs participating in the digitalisation grant,” she said.

Surina said this when met after the launch of the matching grant here today by Finance Minister Lim Guan Eng.

Also present was Communications and Multimedia Minister Gobind Singh Deo.

The matching grants are provided through a strategic collaboration between Bank Simpanan Nasional (BSN), SME Bank Group and MDEC.

BSN is the lead agency to channel the matching grants to SMEs wishing to improve the utilisation of digital applications in their business operations by subscribing to digital services from TSPs.

Surina said that MDEC would be managing the TSP recruitment, adding that the SME digitalisation would help entrepreneurs to expand their business across borders.

She said MDEC’s initiatives assist the SMEs by spurring digital technology adoption among the people, developing talents and digital skills that fulfill the needs of the industry, increasing digital business and encouraging as well as increasing digital investment.

In order to encourage SME entrepreneurs to expand to international markets, the government has also created Digital Free Trade Zone to penetrate global market through the e-trade platform, she added.

Source: BERNAMA (News Agency)