Malaysia Debt Ventures Berhad (MDV) today held its first Open Day in Penang ‘MDV Tech Funding Day’ for technopreneurs and technology companies in the Northern Region. The event, which was held at Sains@USM is a collaboration effort with the Northern Corridor Implementation Authority (NCIA) and Universiti Sains Malaysia (USM). The Guest-of-Honour, Professor Dato’ Dr. Muhamad Jantan, Deputy Vice Chancellor (Research and Innovation) of USM delivered his Opening Remarks and launched the event.
In his Opening Remarks, Professor Dato’ Dr. Muhamad Jantan highlighted the role of universities in contributing towards the technology sector. “The migration of research ideas to market required products and services particularly in the high technology industry requires financing from agencies such as MDV, NCIA, SME Corp, CREST and others to fully support the long process of commercialisation,” mentioned Professor Dato’ Dr. Muhamad Jantan.
“Thus, by bringing together all relevant parties and collaboration effort, this would be able to address issues faced by the researchers in commercializing their innovation and to align the academic culture to the market culture,” he added further.
Meanwhile, MDV expressed its hope to facilitate the technopreneurs and technology start-ups in the country by fulfilling their financial capital needs.
“In understanding the needs and aspirations of our technopreneurs, MDV, as the Nation’s leading technology financier, recognise the importance of helping technology companies to pave their way to greater heights and success. With the increasing number of technology companies, MDV has allocated a total RM1.45 billion financing for 2014 to all technology sectors for this purpose,” said Aimi Aizreen Nasharuddin, Senior Vice President of Business Division, MDV.
“The collaboration effort with NCIA and USM is substantial as we share a same common goal, which is to accelerate the development and economic growth through measures and efforts that in return achieves to becoming a high income advanced economy, promotes long-term sustainability and socio-economic well-being,” Aimi further emphasised.
The Open Day aimed to provide opportunities to technopreneurs and technology start-ups across the technology sector including ICT, Biotech, Green Tech and high growth sectors to gain knowledge and insights on MDV’s financing schemes, applications, consultancy and advisory as well as other support services. Other agencies such as CREST, SME Corp, Bank Negara Malaysia, NCIA also shared other funding opportunities available for the technology companies.
Besides sessions by MDV and the agencies, the full day event also featured mini exhibition by successful technopreneurs and companies who showcased their products and services. Participants also had the opportunity attending one to one consultation with MDV to enquire specific requirements and information about the financing schemes to fulfill the financial capital needs.
100 participants from various technology companies and start-ups attended the Open Day in Penang. To date, MDV has disbursed over RM7.0 billion worth of financing to 600 technology start-ups. More than 70% of the approvals were awarded to SMEs.
For information and queries, please contact:
Ms Zuraida Abdul Malek
PR & Communications Manager
Malaysia Debt Ventures Berhad
Tel No.: 03-2617 2841
HP No.: 013-621 1105
Note to Editor:
Malaysia Debt Ventures Berhad (MDV) is the Nation’s leading technology financier that provides innovative and flexible financing solutions, specialised funding programs, industry expertise, as well as advisory services to technology entrepreneurs. Incorporated on 23 April 2002 as a wholly-owned subsidiary of the Minister of Finance, Inc., MDV has been entrusted to provide financing for projects in all technology sectors including ICT, Biotechnology, Green Technology and other emerging technologies at the point of commercialisation. With a fund size of RM4.1 billion, MDV finances and nurtures initiatives to spur the growth of these sectors based on client’s needs. To date, MDV has disbursed over RM7 billion worth of financing to 600 technology projects.