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MDEC, MTDC ink MoU to accelerate growth of tech startups in Malaysia

Cyberjaya, Malaysia – Malaysia Digital Economy Corporation (MDEC) and Malaysian Technology Development Corporation (MTDC), have signed a memorandum of understanding (MoU) to strengthen the alliance between the two government agencies, aimed at further catalysing the growth of technology companies in the country, ensuring maximum reach and impact.

As part of the MoU, MDEC and MTDC will co-develop technology-based entrepreneur development programmes, as well as in the promotion of digital technologies, and their adoption amongst startups, MSMEs, and SMEs. It will also seek to open up more funding facilitation and opportunities for tech companies.

Mahadhir Aziz, MDEC’s CEO, said that leveraging each organisations’ platforms and expertise in support of meeting its objectives will be the key thrust of the collaboration.

“With this MoU, we will be able to ensure further reach, efficiency and impact on our tech ecosystem and increase Malaysia’s competitiveness in the digital economy. 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,” added Aziz.

Meanwhile, Norhalim Yunus, MTDC’s CEO, noted 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. 

He further shared that 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,” said Yunus.