Thursday, August 9, 2012

Matrade Urges Malaysian Companies To Utilise Market Development Grant To Tap Overseas Market

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=686566

Published: August 09, 2012

KUALA LUMPUR, Aug 8 (Bernama) -- Malaysia External Trade Development Corporation (Matrade) urges Malaysian business community, particularly the small and medium enterprises (SMEs) to come forward and utilise the market development grant (MDG) allocated by the government to assist them in penetrating the international market.

MDG is a scheme introduced to assist the SMEs, service providers, cooperatives, trade and industry associations of commerce and professional bodies in undertaking export promotion activities, including intellectual property (IP) registration.

Datuk Dzulkifli Mahmud, Senior Director, Exporters Development Division said the government has increased MDG allocation to RM52 million this year from RM22.5 million in 2011 as the scope of activities included had widened to see more companies spreading their wings abroad.

As at July, some RM11.4 million had been utilised for 1,229 companies compared with RM12.3 million used for 1,300 companies, he told reporters at the "Going Global: How IP Rights Can Protect Your Business" seminar hosted by Matrade.

Matrade has targeted some 2,500 companies to utilise the MDG by year-end.

-- BERNAMA

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