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[MCO] Struggling SMEs, You Can Refer To MDEC’s Growing List Of Tech Companies For Help

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Over a 4-day interval from March 19 to March 22, the Malaysian Global Innovation and Creativity Centre (MaGIC) performed a survey on 239 startups and social enterprises.

The individuals had been from varied industries, together with training, IT options, merchandising, F&B, tourism, agriculture, and healthcare.

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MaGIC’s outcomes revealed that about 40% of startups and social enterprises might fold if the COVID-19 pandemic lasts till Hari Raya Aidilfitri in late Might.

Picture Credit score: MaGIC

In gentle of this example, the Malaysia Digital Economy Corporation (MDEC) has launched a marketing campaign known as #DigitalvsCovid, the place it’s gathering native tech firms to graciously prolong their digital options and companies to affected home companies and shoppers.

“Whereas massive firms
have contingency plans to minimise the influence of COVID-19, many SMEs and
micro-enterprises might not be capable of tide it via this world pandemic,” MDEC
CEO Surina Shukri stated in an announcement launched on March 25.

“A technique ahead is
via automation and digitalisation. We’re proud to announce that 80 tech
firms are ready to render their companies and MDEC encourages entrepreneurs
from all industries to leverage on these choices,” she added.

The Preferrred Time To ‘Pay
It Ahead’

The marketing campaign’s name has been effectively obtained by MDEC’s community of GAIN firms significantly, which consists of prolific tech startups and scaleups.

#DigitalvsCovid is
carried by a ‘pay it ahead’ perspective by these firms, who had readily expressed
curiosity in providing their companies on a pro-bono foundation, both via engaging
reductions or strategic collaborations.

It’s not solely GAIN
firms which might be inspired to hitch; the marketing campaign is open to all Malaysian
based mostly tech firms which might be keen to supply their companies as described.

The great checklist of tech options and companies for SMEs might be accessed here. Based on MDEC, it should proceed to be up to date as extra tech firms come ahead to render their help.

The presently listed
firms are categorised into:

  • Corporates
  • Malaysia Digital Hubs
  • Meals/Grocery/Final-mile supply companies
  • Logistics
  • Medtech and healthcare
  • Insights and analytics
  • Digital workspace, process administration, and
    monitoring
  • Communication administration supplier
  • Insurtech
  • Proptech
  • E-commerce and associated service suppliers
  • Know-how answer supplier

Corporations who wish to take part and be part of this marketing campaign can refill a Google Docs kind here, and their utility will then be processed and evaluated for suitability.

Vulcan Put up requested Gopi
Ganesalingam, VP of GGA at MDEC, how lengthy these affords can be relevant.

Surina and Gopi talking at GGA’s launch earlier this yr / Picture Credit score: MDEC

He replied, “There are
no limits set by MDEC on the period of those affords, and they’re going to range from
firm to firm within the checklist.”

Prime Areas Of
Concern For SMEs Throughout MCO

Surina additionally shared the
prime three areas of concern by SMEs that MDEC’s World Progress Acceleration (GGA) division
has obtained for the reason that implementation of the MCO on March 18.

They embody enterprise
continuity, worker wellbeing, and macro-socio-economic help.

“Many SMEs are
experiencing interrupted supply-chain motion, delays in enterprise processes
that require paperwork, restricted instruments to have interaction their stakeholders, constraints
in conducting non-cash transactions, in addition to challenges in managing a high-volume
workforce,” Surina commented.

“Nonetheless, we’re
assured that our GAIN firms can supply aid to SMEs by resolving a few of
these difficulties.”

Based on MDEC, firms additionally wish to guarantee worker wellbeing by making an attempt to adequately equip workers with an consciousness of the COVID-19 pandemic and advocating preventive well being and security measures.

Employers are actively
in search of the supply of workforce compensation and different advantages for his or her
workers too.

Surina assured that MDEC’s GGA division will proceed to discover extra industry-relevant enterprise continuity options through digital applied sciences and drive participation and progress within the digital financial system.

  • You’ll find the checklist of tech firms within the marketing campaign here, or signal your individual firm as much as be a part of here.
  • You possibly can learn extra about MDEC here.

Featured Picture Credit score: MDEC

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