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Unleashing Creative Potential with RM 4 Million Fund
A New Era Begins December 8th: Pentas and MDEC Collaborate to Propel Malaysian Digital Creativity
Step into a pioneering era for Malaysia's digital content sector. Pentas, in a groundbreaking partnership with the Malaysia Digital Economy Corporation (MDEC), is thrilled to unveil a bold initiative, inviting submissions that herald a new wave of creativity. This endeavor signifies a substantial commitment to Malaysia's vibrant digital content landscape, injecting RM 4 million to nurture its flourishing scene.
Empowering Malaysian Digital Talents
At Pentas, we embrace the transformative potential of digital content to weave compelling narratives, evoke profound emotions, and foster cultural connections. Our partnership with MDEC extends beyond financial support; it serves as a driving force for innovation, underscoring our unwavering dedication to the vibrant Malaysian digital content community.
About the Program
This is Stage 1 program which are part of the comprehensive "Digital Assets Onboarding and 3D Asset Bundle Program" within the framework of IP360 Metaverse Incentives. Read more about IP360 here.
- Launch Date: 8th December 2023 until 8th January 2024. Now extended to 29th January 2024.
- Total Fund: RM 4 Million (Participant may claim up to RM 4,000, exclusively for the best 1000 participant)
- Objective: To empower and elevate new & existing Malaysian digital creators.
- Eligibility: Open to all Malaysian citizens and businesses wholly owned by Malaysian nationals.
- Program details and guidelines
Digital Asset Onboarding Program Registration
8th December 2023 to 29th January 2024
Registration closed
Digital Asset Onboarding Program Submission (Individual)
8th December 2023 to 29th January 2024
Submission closed
Digital Asset Onboarding Program Submission (Organization)
8th December 2023 to 29th January 2024
Submission closed
Program Themes
- The digital asset/NFT shall be a visually appealing character design poster for animation feature film or game with the potential to expand storytelling and commercial value.
- The poster’s theme shall incorporate and represent the story and identity of Malaysia.
The Incentives
Participants can claim up to a maximum of RM 4,000 per successful submission which covers the following scopes
- Design and Development of Digital Asset Incentives
Get up to RM 2,500 for completed creation, design and development of the digital asset.
Requirement: Minting of digital asset/NFT on Pentas
- IP Filing Incentives
The Participant is entitled to claim up to RM 1,000 as an incentive for filing of the Participant’s digital assets/NFTs creation through MYIPO.
Requirement: Transaction receipt for the IP filing from MYIPO
- Marketing and Commercialisation Expenses
Platform and/or auction fees charged per sale transaction, with a maximum cap of RM 500 per Participant.
Requirement: Evidence of sale transaction, Platform and/or auction fees charged
Our Commitment: Empower, Facilitate, Expand, Educate
- Empowering Digital Creators: Providing resources and platforms to showcase Malaysian talent
- Facilitating Inclusion: Bridging the gap between traditional and digital creators in the NFT marketplace.
- Expanding the Metaverse: Enhancing digital capabilities for a richer, more immersive metaverse experience.
- Educating on New Technologies: Increasing awareness and adoption of digital tools and platforms.
At Pentas, we are excited to embark on this journey with you. Together with MDEC, we aim to unlock the full potential of Malaysian digital creativity, fostering a vibrant and innovative digital content community.