The Malaysia Digital Economy Corporation (MDEC) is calling all small and medium enterprises (SMEs) to level up with the SME Digital Accelerator programme.
The programme aims provide participating SMEs a structured, step-by-step approach to embrace digitalisation and help them solve their business pain-points in an increasingly disruptive technology-driven economy.
The SME Digital Accelerator is an outcome-driven programme by MDEC in which participants can register via the agency’s Digital Xccelerator (DX) platform.
“Through the SME Digital Accelerator, we offer SMEs a structured approach to implement the right digital solutions that can help transform their business in terms of their people, processes and – above all – mindset. Through the programme, we hope to further catalyse the digital transformation of our enterprise sector to sustainably benefit from the shared prosperity which our economy is moving towards,” said Surina Shukri, Chief Executive Officer of MDEC.
In a SME Digitalisation Survey that MDEC conducted with its state partners earlier this year, it was found that over 90 percent of the SMEs surveyed are conscious that digital solutions can increase productivity, generate more sales and improve process efficiency, all of which could lead to reductions in operational cost.
Many respondents also found digital adoption challenging; 60 per cent stated they find it too costly to invest in and maintain digital solutions, while just over 40 per cent cited having no knowledge and skills in digital tools as a hindrance.
“The SME Digital Accelerator will provide a step-by-step approach to ensure effective digitalisation of our SMEs with tangible results – especially as we have seen SMEs increasing their productivity by 30% after having adopted a structured approach towards their digital transformation3,” added Muhundhan Kamarapullai, Director, Business Digital Adoption, MDEC.
The SME Digital Accelerator is one of the latest efforts under MDEC’s ongoing 100 Go Digital initiative. Launched in 2019, this platform has enabled smaller and more traditional Malaysian enterprises in key business sectors to digitalise.
Registration for MDEC’s SME Digital Accelerator is now open for the 2020/21 intake. While participation is free for all SMEs incorporated in Malaysia, there are limited seats available per intake. To find out more and to register, visit: dx.com.my/en/program/sme-digital-accelerator