11.04.2022
Categories: industry, investors

MDEC AND MTDC SIGN MOU TO FURTHER CATALYSE GROWTH OF MALAYSIAN TECH COMPANIES

CYBERJAYA, 11 APRIL 2022: Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead digital economy agency, and Malaysian Technology Development Corporation (MTDC), today signed a Memorandum of Understanding (MoU) to strengthen the alliance and collaboration between the two government agencies with the aim to further catalyse the growth of Malaysian tech companies.

Mahadhir Aziz, Chief Executive Officer (CEO) of MDEC, said that leveraging on each organisations’ platforms and expertise in support of meeting their objectives will be the key thrust of the collaboraiton.

“For MDEC, our programmes under the Malaysia Digital and #SayaDigital initiatives will serve to provide a greater audience in driving the nation’s digitalisation efforts. With this MoU, we will be able to ensure further reach, efficiency and impact to our tech ecosystem and increase Malaysia’s competitiveness in the digital economy,” Mahadhir said.

“Ultimately, the MoU is envisaged to support development of a thriving ecosystem for Malaysian companies to flourish. The race to produce successful global champions is a shared responsibility and this MoU is evident of Malaysia’s holistic approach. Through this initiative we are able to move as one nation to drive forward the MyDIGITAL core objectives,” he added.

Dato’ Norhalim Yunus, CEO of MTDC said that the MoU will be a platform for their partners in MTDC’s Centre of 9 Pillars (Co9P) to collaborate with the companies and partners under MDEC. MTDC’s Co9P community members will assist the companies in the areas of Industry 4.0 and digitalisation.

“This opportunity to work with the companies under MDEC will be part of expanding our Co9P into other regions in Malaysia and an opportunity to build linkages with its global partners by providing advisory business with MDEC as our strategic partner,” he said.

Both MDEC and MTDC stand to gain significant mileage considering each partner’s successful track record that dates back to 1992 for MTDC and 1996 for MDEC.

Under the MoU, MDEC and MTDC will look to co-develop technology-based entrepreneur development programmes as well as in the promotion of digital technologies and its adoption among startups and MSMEs and SMEs.

It will also seek to open up more funding facilitations and opportunities for tech companies. The forging of alliance between MDEC and MTDC will bridge and strengthen business networks synergistically to ensure maximum reach and impact.

END

 

Issued by:

Strategic Communications, Corporate Affairs Division, Malaysia Digital Economy Corporation (MDEC)

And

Malaysian Technology Development Corporation (MTDC)

 

About Malaysia Digital Economy Corporation (MDEC)

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 25 years. We aim to enable a progressive, innovation-led digital economy.

MDEC will continue to lead Malaysia towards becoming a globally competitive digital nation through the development and execution of the Malaysia Digital initiative, which aims to create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities. 

Predicated on a new framework built upon three primary components – Agility, Flexibility, and Relevance – Malaysia Digital is set to enhance Malaysia’s value proposition to attract digital investments, firmly establishing Malaysia as the digital hub of ASEAN. 

#SayaDigital #MalaysiaDigital

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on: Facebook: https://www.facebook.com/MyMDEC/ Twitter: @mymdec

For media queries, kindly contact:

Simon Yap – [email protected]

Hazel Hassan – [email protected]

 

About MTDC

Malaysian Technology Development Corporation Sdn Bhd (MTDC), a wholly-owned company of Khazanah Nasional Berhad and as an agency under Ministry of Science, Technology and Innovation (MOSTI) was established in March 1992.

Our strength and expertise are in building world-class technology-based Malaysian companies through TENTRA (Technopreneur Training Academy, Centre of 9 Pillars™️ (Co9P™️), our Technology centres, Funding and Advisory services.

As a strategic investor, MTDC brings value to not just the technology-based companies within our ecosystem but also the Nation at large.

For more information kindly visit: www.mtdc.com.my

 

For enquiries, please contact MTDC Corporate Communications department:

Name    : Alvirah Mohd Natt

Email     : [email protected]

 

Name    : Yuhaini Othman

Email     : [email protected]