CYBERJAYA – Malaysian Technology Development Corporation (MTDC) and Malaysian Digital Economy Corporation (MDEC) are collaborating to create a stronger digital ecosystem for the nation.
The expertise of technology companies operating under the purview of the MTDC and MDEC will allow for the digital ecosystem to flourish and create a positive impact on other industries.
The strategic alignment between the country’s two digital economy leaders was utilised lately with the signing of a memorandum of understanding (MoU) with the goal of realising the 12th Malaysia Plan (12MP) and Malaysia Digital Economy Blueprint.
The MoU establishes a partnership between MTDC and MDEC to develop technology-based entrepreneur development programmes and to encourage digital technology and adaption among startups, small and medium enterprises (SMEs) and micro SMEs (MSMEs).
MTDC chief executive officer, Datuk Norhalim Yunus, explained that the MoU will allow the MTDC Centre of 9 Pillars (Co9P) to collaborate with enterprises and partners under MDEC to assist Industrial Revolution 4.0 and digital-related companies.
According to him, MTDC has already aided over 200 businesses in realising their potential, and that the latest relationship with MDEC will enable it to focus a greater emphasis on finance and mentoring for the technology companies engaged.
The CO9P framework comprises of autonomous robots, simulations, system integration, the Internet of Things (IoT), cyber security, cloud computing, additive manufacturing, big data and also augmented reality.
Additionally, we have a specific group that supports the technology businesseses in conducting their marketing programmes,” he told a press conference following the signing of the MoU on behalf of MTDC.
Representing MDEC was its chief executive officer Mahadhir Aziz.
Additionally, Mahadhir remarked that the synergy formed by the MoU between MDEC and MTDC would create an opening for additional chances to develop local technology businesses capable of competing globally.
He noted that it was critical to create the digital economic environment in order to ensure that Malaysia possessed the elements necessary for success.
“By developing a strong ecosystem, Malaysia will position itself as a preferred destination for global investments, in addition to cooperating with domestic firms,” he said.
The 12MP projected that Malaysia’s digital economy will contribute 25.5% of the gross domestic product (GDP) by 2025.
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