Notwithstanding the development of a complementary funding infrastructure developed to support the ICT industry’s research, development and commercialisation activities, young ICT companies at the growth and expansion stage faced challenges in financing their ICT projects in view of perceived risks on these young companies and ICT technologies. .
Seven Elev8 companies had been selected subsequent to the two-tier assesments. These companies provide a range of innovative and exciting technology services: cloud platforms for various management systems, environment mentoring for buildings and offices, invoice trading marketplace, internet based marketing solutions, Out of Home digital marketing solutions, data analytics, robotics, 3D printing and online marketplace delivery.
Eligible graduates of Elev8 can be extended to specialised funding programmes to build the next generation of Malaysia’s technology icons.
its inception in 2002.
being nurtured, coached and mentored by MDV within a 12-month timeframe with the objective of strengthening these companies’ management, financial and project management capabilities. Out of the seven, four companies met the criteria for financing by MDV with pre approved maximum financing of RM2.00 million, surpassing MDV’s initial target of three companies.