SDEC 2024 Draws 20,000 Attendees, Generating RM100 Mln In Potential Transactions

KUALA LUMPUR, Nov 8 (Bernama) -- The Selangor Smart City and Digital Economy Convention (SDEC) 2024, held from Oct 16-19, attracted over 20,000 participants and generated an estimated RM100 million in potential transactions through strategic partnerships and business engagements.

According to the Selangor Information Technology and Digital Economy Corporation (Sidec), the convention showcased a dynamic exhibition area with 214 booths, including 23 international exhibitors and 121 companies across e-commerce, fintech, AI, robotics, telecommunications, and urban management.

Major exhibitors, including Affin Banking Group, TikTok Shop, PayMate, and the Advanced Semiconductor Academy of Malaysia (ASEM), presented cutting-edge products and solutions, drawing thousands of visitors eager to engage with industry experts, municipal councils, and tech innovators as Malaysia advances toward a digitally-driven economy.

SDEC 2024 also saw the signing of 14 memoranda of understanding (MoUs) aimed at strengthening Malaysia's capabilities in AI, semiconductors, and e-commerce.

Notable MoU exchanges included collaborations between Sidec and Cyberview Sdn Bhd, Sidec and NCT Group, ASEM and 19 universities, Menteri Besar Selangor Incorporated and BizApp, and Sidec and PayMate.

The convention hosted three key conferences -- Semiconductor Innovation, Generative AI Innovation, and the TikTok Shop SME Digitalisation Summit, featuring 61 speakers from seven countries, including Malaysia, Singapore, France, China, Taiwan, the UK, and Hong Kong.

Meanwhile, the Selangor Accelerator Programme 2024 Final Demo Day wrapped up the four-day event with the announcement of its top 10 winning startups.

Sidec said that these startups, chosen from 20 high-potential finalists, showcased groundbreaking solutions in artificial intelligence, smart mobility, bio-based innovations, and net-zero initiatives.

“Winners, including companies like Alphaswift, Baituljannah, Shieldbase, Green Advantex, and Vidanex, received prizes that provide mentorship, investor exposure, and opportunities for international expansion, propelling them forward in their growth journey,” it said.

This year’s SDEC not only celebrated innovation but also marked a historic milestone for Selangor, as the first state in Malaysia to surpass RM400 billion in economic activity.

With announcements of new initiatives, including a comprehensive AI strategy in the upcoming Selangor Budget 2025, the convention underscored Selangor’s leadership in digital transformation and its commitment to advancing Malaysia’s position as a digital economy powerhouse.

-- BERNAMA