Digital Content Grant Announced to Boost Quality Content Creation in Malaysia
For a multicultural country like Malaysia, it is crucial to consistently maintain its historical and rich heritage roots for future generations. As time passes, each generation will favour a specific method of content consumption. Thus, with the digital content grant announced, Malaysia aspires for youth to promote Malaysia’s unique arts and cultural segment creatively.
Although experiencing heritage is best in person, enticing the youth today through digital content is a prerequisite to ensure they are aware of their ancestry and roles to cultivate mutual cultural perception.
Digital Content Grants
Recently, in the revised Malaysia Budget 2023, a total of RM102 million was allocated to support and promote new works of arts and cultural segments. Digital content is the current mainstay in content consumption today and in the future.
Malaysia’s arts and cultural segment is wide enough to be exported to other countries. Several success stories of our content being exported and becoming the talk of the towns beyond our shores. Hence, when the budget announced the grant, many digital content creators in Malaysia were all smiles.
The digital content grant announced will likely create animations, creative technology content, digital games and digital comics. The purpose of the digital content grant is to:
- Develop sustainable ecosystems for job creation (including female empowerment in the workplace), business planning, and market expansion.
- Enhance local creative, technical and human capital competencies by leveraging international partners.
- Create Malaysian-owned or Malaysian-shared intellectual property.
- Develop quality IP and monetise to its maximum potential from development to commercialisation.
Digital Consumers, Digital Youth
With almost everyone owning a digital gadget today, raising awareness about Malaysia’s cultural heritage through digital content is critical. Content is king, as Westerners say, and Malaysia has plenty of stories from different cultures to share with local and global consumers.
Malaysia’s arts are one-of-a-kind when constituted with the right ideas and inspirations. Our mutual understanding is only the surface of our cultural heritage. Therefore, the youth, now the largest consumer of digital content and creative creators, could dig deeper to feature, promote and showcase Malaysian arts and culture with the help of this grant.
Empowering Nation, Culturally
Historically, we used to get news and updates through word-of-mouth and leaflets. Newspapers and tabloids were our on-the-go information. Television networks were all the rage. Everyone somehow had access to it, but arts and culture remained cocooned within communities that still practise them.
Finally, when the digital content grant announced the total allocation, everyone in the arts and culture segment could further empower the youth with the proper knowledge of culture, heritage and history. Artistic individuals can have the opportunity to showcase their artworks for art lovers to appreciate.
Navigating The Malaysian Scene
As Malaysia is rapidly promoting digitalisation, several aspects of the business may cloud you. Fret not, 3E Accounting is here to help you understand business-related aspects such as taxation, corporate documentation requirements and the necessary business set-up for your company.