Our Alliances

MDeC is incorporated under the Companies Act of Malaysia, and owned and funded by the Government. At MDeC, we combine the entrepreneurial efficiency and effectiveness of a private company with the decision-making authority of a high-powered government agency. MDeC role is to advise the Malaysian Government on legislation and policies, develop MSC Malaysia-specific practises, and set breakthrough standards for multimedia operations. We also promote MSC Malaysia locally and globally, as well as support companies which are locating and located within MSC Malaysia.

MDeC are dedicated to ensuring MSC Malaysia is the world’s best environment to harness the full potential of ICT. MDeC is a champion, facilitator and partner. We champion the merits of MSC Malaysia, facilitate the entry of companies and partner with the Government and the private sector in realising both a vision and an opportunity. MDeC ensures that companies interested in entering MSC Malaysia have what they need to succeed. We guarantee a 30-day turnaround for applications, and will coach companies through the application process. As a performance-oriented, client-focused agency, we also assist in expediting permit and license approvals, and introduce companies to potential local partners and financiers.

BiotechCorp is an agency under the purview of Ministry of Science, Technology and Innovation and is wholly-owned by the Ministry of Finance Incorporated. BiotechCorp is governed by the Biotechnology Implementation Council and advised by the Biotechnology International Advisory Panel, both chaired by the honorable Prime Minister of Malaysia.

The objective of the establishment of BiotechCorp amongst others is to identify value propositions in both R&D and commerce and support these ventures via financial assistance and developmental services.

Venture Capital/Funding Agencies

MAVCAP was incorporated in 2001 by the Malaysian Government and is the nation’s largest venture capital (VC) firm which focuses on investments in the local information, communications and technology sector (ICT). MAVCAP was established to realize the Government’s vision to develop the VC industry and encourage entrepreneurship in the technology sector. In order to deliver on the mandate given, the Company on its part has made the following its mission:

• serve as an ideal training ground to groom venture capitalists,
• empower entrepreneurs to create wealth and
• generate attractive returns for its investments.

Wholly owned by the Minister of Finance Incorporated, the Company was allocated RM970 million under its management. The firm provides an alternative source of high-risk financing for start-ups, seed capital and early stage ventures in the ICT sector and high-growth industries.

Malaysia Technology Development Corporation (MTDC) was set up by government of Malaysia in 1992 to spearhead the development of technology businesses in Malaysia. Its initial role was to concentrate on the promotion and commercialisation of local research and invests in new ventures that can bring in new technologies from abroad.

From those investment activities, MTDC has evolved to become a venture capital outfit and has been the leading venture capitalist in the country long before the concept became familiar and accepted in Malaysia. By the time other new venture capitalist came into being, MTDC has further evolved to become an integrated venture capital solutions provider and has become the only company in the country to attain the status. Today, MTDC is the only one-stop agency where financing can be source from; all the way from laboratory ideas to full commercialisation of such ideas.

To date, we have approved grant (under 9th Malaysia Plan) totaling RM143.4 million to 95 deserving local companies and participated in taking up equity stakes totaling more than RM350 million in more than 50 companies both locally and internationally. Our search for hi-tech companies has led us to invest in the United States, Europe and other countries in the region.

Incorporated on May 16, 2001 by the Government of Malaysia, Modal Perdana administers and manages the Venture Capital for Technology Acquisition (VCTA) fund. Established as Malaysia’s Minister of Finance Inc. Company, the vision of Modal Perdana is to be a focal point for the access of global technology, expertise and capital for Malaysia through venture capital activities.

MLSCF specializes in early stage investments in the areas of agriculture, industrial and healthcare biotechnology. Co-managed by Malaysian Technology Development Corporation Sdn Bhd (MTDC) and Burrill & Company, the fund was founded in late 2006 and currently has USD150 million in committed capital. MLSCF is organized to invest in Leading, Privately Held Life Science companies with Malaysia centricity and deliver on the twin objectives of superior financial results and advancing the life science eco system in and for the country of Malaysia.

The Cradle Investment Programme (CIP) is Malaysia s first development and pre-seed funding programme for technology ideas. It enables budding innovators and aspiring innovative entrepreneurs to make the jump from just having an innovative technology idea to becoming a successful start-up. CIP are approving conditional grants of up to RM50, 000 per tranche per idea (up to a maximum of three conditional tranches) for innovative technology ideas with good commercialisation potential, submitted by aspiring groups of technopreneurs.

Incubators

Cyberview Sdn Bhd is an active community builder, dedicated to its unique relationship with Cyberjaya, as the landowner and entity spearheading its development. Cyberjaya is the nucleus of MSC Malaysia and the country’s first intelligent city. Home to 500 MSC Malaysia-status companies, comprising a mix of small and medium-sized enterprises and multinationals, Cyberjaya is the symbol of the country’s advancement into the world of information technology. Cyberview Sdn Bhd continues to differentiate Cyberjaya from other Cybercities by strengthening its position as nucleus of MSC Malaysia.

Technology Park Malaysia Corporation Sdn Bhd (TPM) was incorporated in September 1996. TPM is a property-based organisation, developed to catalyse Malaysia’s transformation into the knowledge economy. TPM is managed by specialised professionals whose main aim is to increase the wealth of the community by promoting a culture of innovation and competitiveness in its associated businesses and knowledge-based organisations.

Designed to propel Malaysia into the Innovation-Led Economy, Technology Park Malaysia is to date one of the world’s most advanced and comprehensive centres for research and development of knowledge-based industries. Spanning 750 acres, its first phase comprises 12 state-of-the-art buildings with specific functions. The latest addition to Phase I is the Enterprise 4 building, which is an intelligent building designed to service the physical needs of high-tech companies, enabling them to be service providers to the MSC, the rest of Malaysia and the world.

Industry Group

The MCA ICT Resource Centre (MIRC) was formed on January 1, 2005 with a mission to drive innovation and deliver business values to Small and Medium Enterprises (SMEs) by optimizing Information and Communication Technologies (ICT) usage to achieve innovation, transformation and growth. Since its inception, MIRC has grown to become an organization undertaking a nation building initiative, critical to the development of national economy. MIRC provides FREE ICT advisory and support services to SMEs. It further supports and assists in the development of the ICT industry by developing young upcoming Technopreneurs to become competitive players in the ICT market. MIRC is playing an important role for SME and Technopreneur development. MIRC operates a one-stop SME and ICT Service Centre where it will assist both SMEs and Technopreneurs in various areas, such as access to financing, ICT adoption, market access, training, etc.

MyIdeas aims to be able to encourage and bring together ideas from all levels of the members of the public, and to convert these ideas into best practices with the objective to improve the society and the overall Malaysian life. MyIdeas will be the platform for Malaysians to have their creativity recognised and rewarded with the best ideas being made in to reality.