MDEC, MTDC sign MoU to develop homegrown tech companies
- by XM Admin
CYBERJAYA – Government agencies Malaysia Digital Economy Corporation (MDEC) and Malaysian Technology Development Corporation (MTDC) today inked an agreement aimed at growing homegrown tech companies.
The signing of the one-year memorandum of understanding (MoU) was held at MDEC headquarters here and inked by MDEC chief executive officer Mahadhir Aziz and MTDC chief executive officer Datuk Norhalim Yunus.
The agencies are seeking to expand technology-based entrepreneur development programmes while promoting the adoption of digital technology among Malaysian businesses.
Commenting on the collaboration, Mahadhir said capitalising on each organisation’s strengths and expertise will be a key feature of the partnership to realise their shared goals.
“The synergy between MDEC and MTDC will see better opportunities being provided to local technology companies for them to compete in the digital economy that is not bound by geographical boundaries.”
He added that similar to programmes under the MyDigital and #SayaDigital initiatives, which serve to drive forth the nation’s digitalisation efforts, the MoU will ensure further reach, impact and efficiency to our technology ecosystem.
Norhalim, meanwhile, said partners in MTDC’s Centre of Nine Pillars (Co9P) will be able to collaborate with companies and associates under MDEC, with MTDC Co9P community members willing to assist Industry 4.0 and digitalisation companies.
“The goal of developing our ecosystem of technology and digital based companies cannot be realised by any one organisation by itself.”
He added that with businesses facing challenges such as worker shortage and limitations on physical interactions, the development of our nation’s digital and robotic industries must be supported in a holistic manner.
He said as of now, MTDC has done its part by supplying funds to and keeping in touch with around 200 companies in sectors such as manufacturing and cybersecurity while also offering financial management and marketing advisory. – The Vibes, April 11, 2022