MSC Status Company
Awarded MSC Status by the Malaysian Government. The year 2014 marked yet another important milestone for MySpatial Sdn Bhd (MySpatial). The company was awarded the Multimedia Super Corridor (MSC) status by the Multimedia Development Corporation (MDEC) in August this year. MSC Status is the recognition awarded by the Government Of Malaysia through Multimedia Development Corporation (MDEC), a body set up by Malaysian government agency for companies that participate and undertake its ICT activities.
MySpatial is one of the company who has been awarded MSC status. MSC status has already been awarded to 3,585 companies amongst other leading technology companies with operations in Malaysia. MySpatial is committed to playing a role in enabling the continued growth of oil palm plantation through Geospatial Technology in Malaysia. The MSC has achieved a great deal in providing opportunities for technology companies and we are particularly pleased that the MDEC has recognised our commitment to contribute towards the technological advancement of the country.
The MDEC evaluates applications according to a number of criteria, including the development of local staff, technical innovations, business planning and potential contribution to the development of Malaysia. The creation of the Multimedia Super Corridor in Malaysia’s strategic plan towards achieving “Vision 2020”, a national agenda that sets out specific goals and objectives for long-term development of the country towards the high technology center of the Asia Pacific. This means investing in an environment that encourages innovation, helping companies, both Malaysian and international, to reach new technology frontiers, partnering global IT players and providing the opportunities for mutual enrichment and success. The MSC will also accelerate Malaysia’s entry into the Information Age, and through it, help actualise Vision 2020.
Companies seeking MSC status and eligibility for incentives will need to fulfill three criteria: firstly, they must be a provider or a heavy user of multimedia products and services; secondly, they must employ a substantial number of knowledge workers; and, thirdly, they should be able to outline how they will transfer technology and/or knowledge to Malaysia, or otherwise contribute to the development of the MSC and the Malaysian economy.