Malaysia Digital Economy Corporation (MDEC) and Malaysian Technology Development Corporation (MTDC) have partnered to further catalyse the growth of Malaysian tech companies. Both parties plan to co-develop technology-based entrepreneur development programmes as well as in the promotion of digital technologies and their adoption among startups and MSMEs and SMEs.
They also seek to open up more funding facilitation and opportunities for tech companies. According to MDEC and MTDC, the alliance will bridge and strengthen business networks to ensure maximum reach and impact. MDEC CEO Mahadhir Aziz said that leveraging on each organisations’ platforms and expertise in support of meeting their objectives will be the key thrust of the collaboration.
According to him, the partnership will ensure further reach, efficiency, and impact to MDEC’s tech ecosystem and increase Malaysia’s competitiveness in the digital economy. At the same time, Norhalim Yunus, CEO of MTDC, said that the Memorandum of Understanding will be a platform for its 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.
MDEC has been doubling down on efforts in turning Malaysia into a digital nation. Last November, it ramped up initiatives to enable a digital learning landscape for youth through strategic collaborations with the United Nations Children’s Fund and Yayasan Peneraju Pendidikan Bumiputera. Both collaborations were secured via MDEC #mydigitalmaker Movement, a joint public-private-academia partnership launched in August 2016.
It also enhanced the MyDigitalWorkforce Work in Tech, a hiring and training incentive programme, to accelerate the reskilling and placement of unemployed Malaysians in digital tech and services related jobs. The programme targets companies that are offering digital tech and services roles, in line with Malaysia’s goal of creating 500,000 new jobs by 2025.