The Selangor state government has decided to rebrand SITEC as SIDEC (Selangor Information Technology & Digital Economy Corporation) Sdn Bhd – a full-fledged government-linked company, effective Jan 1, 2021.
SIDEC aims to lead the digital transformation of Selangor as ASEAN’s digital hub through these objectives:
1. Nurturing Selangor digital talents, narrowing the digital divide
2. Accelerating Selangor startups to become regional tech icons
3. Empowering Selangor businesses and SME digitalisation
4. Encouraging Selangor digital investment and emerging technologies.
SIDEC is committed to creating an innovative digital ecosystem that will inspire new talents to pursue their dreams fearlessly, to build significant regional technology companies with lightning-fast speed, that will propel Selangor to become the digital hub of Southeast Asia.
The company was established in 2015 to develop Selangor as the regional trading hub for e-commerce and to uplift the startup ecosystem within the state. Five years since its inception, it generated a Gross Merchandise Value (GMV) of RM334.37 million through its various high-impact programmes.
SIDEC has successfully onboarded 650 e-commerce merchants and trained more than 9,000 SMEs and individuals who wish to make sales online through its E-Commerce Class, Master Class, Online 100 and Brands 100 programmes.
SIDEC has also nurtured 90 startups from the three cohorts of the Selangor Accelerator Programme (SAP) and organised 3 Pitch@Selangor sessions, as well as making pitching and industrial visits to the Silicon Valley. SIDEC also reached out to more than 600 Micro-SMEs from municipals in Selangor through the popular Jelajah Usahawan Digital.