The Malaysia Digital Economy Corporation (MDEC) has announced that it will be offering PRISMA grants for creative content companies and industry folks in Malaysia.
The PRISMA grants will be worth up to RM50,000 per company, with the criteria being that it has to be companies under the digital creative content sector. These include but aren’t limited to:
- Video game development
- Film development
- Animation development & production
The total PRISMA package is worth RM89.2 million and is meant to ensure the survivability and sustainability of the 9,000-plus industry players in Malaysia. The package is split into five different platforms that dictate the type of grant a company is eligible for:
Digital Creative Content Market Access and Business Matching (2Ps)
Digital Content Enterprise Development (EDP)
Creative Content Streaming
Digital Content Technology Infrastructure Support (BATIK Digital)
Digital Content Grant PRISMA (DCG PRISMA)
Here’s a quote from MDEC CEO Surina Shukri:
“These five MDEC-led programmes are now aligned with PRISMA and updated to ensure that they can continue to meet the growing demands of the digital workforce and keep up with industry trends. In fact, some of these programmes have been industry mainstay initiatives and have enabled the animation and digital games sectors to flourish. For Malaysia, according to a MIDA Insights report, the country’s digital games sector contributed US$100 million in revenue for 2018 and will be experiencing a compound annual growth rate of 10.9% (2018 to 2023).
With the support of the Government via PRISMA, the digital creative sector can better manage its operations as they will be properly equipped to deal with the disruption that the pandemic has caused. Eventually, they will accelerate our efforts in powering this extensive growth marketplace and get us back on track towards making Malaysia the Heart of Digital ASEAN.”
If you feel like you need that extra help and you’re a company in Malaysia making games/films/animation/digital content/all of the above, why not register and help bolster the creative industry in Malaysia? You can do so here.
And if you’re curious, PRISMA stands for “Pakej Rangsangan Industry Kreatif Malaysia”.