Milestones

CORPORATE MILESTONES

Our Way of Success
1997

Malaysia’s designated ICT zone, the Multimedia Super Corridor was launched and it provided an impetus for the growth and development of the nation’s Information and Communications Technology (ICT) industry. The ICT zone was fashioned to connect Malaysia to the information and knowledge economy.

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. .

2002

MDV was then established to fill this funding gap to provide Project Financing facilities to ICT companies to finance procurement of the necessary project inputs, capital expenditure and working capital. To facilitate these financing structures, MDV also provides trade and guarantee facilities as required by the project or contract through MDV’s Partner Banks.

MDV’s first fund of RM 1.60 Billion, was sourced from The Japanese Bank of International Cooperation (JBIC) under 2002 Feb, Ministry of Finance (MOF) with the purpose of providing project financing facilities to ICT companies.
2003

MDV’s financing portfolio reached a size of RM192.00 Million.
2006

Debt Ventures (MDV’s original branding name) was rebranded to Malaysia Debt Ventures Berhad (MDV).
2007

MOF approved RM2.50 Billion for MDV’s Second Fund. Following this, MDV launched its RM1.50 Billion Islamic Medium Term Note (iMTN) to finance technology projects and expanded its focus areas to include Biotechnology in conjunction with the Second Fund.
2008

MDV’s mandate included serving Biotechnology companies following launch of the Government’s National Biotechnology Policy.

Launch of MDV’s Second Fund. The Second Fund was used to expand the depth and breadth of Islamic financing programmes and to support the Government and Ministry Of Finance (MOF) objectives of positioning Malaysia as an Islamic Financial Centre. The new fund also necessitated MDV to develop and offer Islamic financing via Commodity Murabahah principles, and established internal Shariah governance and compliance framework.
2009

MDV launched its Small Contract Financing to simplify the application process for small financing amounts.
2010

Commencement of the Bumiputera, Biotechnology and Bio-Industry Development Fund (B3DF) programme to support the development of Bumiputera SMEs in Biotechnology sector in partnership with Malaysia Biotechnology Development Corporation.

MDV collaborated with Telekom Malaysia Berhad on the Jadual Kadar Harga vendor programme to support Bumiputera SME’s participation in telecommunications and the nation’s High Speed Broadband network.
2011

MDV expanded its mandated areas into Green Technology financing, in line with the Government’s focus on achieving sustainable development.

Commercialisation Financing Programme was launched under the Tenth Malaysia Plan (RMK-10) to enhance the technology financing ecosystem and improve Malaysia’s commercialisation rate, focusing on underserved financing space for commercialisation requirements.

MDV was and remains the only non-bank financial institution to be included in the Government’s Green Technology Financing Scheme (GTFS) .
2012

MDV extended RM41.00 Million to one of Malaysia’s first Feed in Tariff project with a project scale of 5 megawatts.

Factoring/iFactoring was launched to expand MDV’s product range and provide liquidity solution for customers.
2013

MDV participated in the Green Technology Financing Scheme (GTFS) to spur financing under the programme and further promote investments in the Green Technology sector.

The Intellectual Property Financing Scheme (IPFS) was launched to facilitate financing utilising intellectual property as collateral.
2014

MDV executed the collaboration agreement with Unit Peneraju Agenda Bumiputera (TERAJU) to manage the SUPERB Programme.

Launched the Bioeconomy Transformation Programme (BTP) in collaboration with Malaysian Biotechnology Corporation. This effort was made to channel and maximise commercial opportunities in bio-based industries as well as help transform Malaysia into a high income, inclusive and sustainable economy.

To further support the Government’s technology agenda, MDV has expanded its financing mandate to also include Emerging Technology.

The New Corporate Strategy was launched to facilitate access to financing new sectors in emerging technology and new high growth sectors by young companies.
2015

MDV launched acquisition financing for technology companies to acquire equity interests in other complementary companies to facilitate the increase of operational scale and scope to improve competitiveness.

MDV secured approval from the Economy Planning Unit (EPU) for the MDV Technology Acquisition and Commercialisation Scheme (MDV-TACT) as part of the Eleventh Malaysia Plan (RMK-11), to run from 2016 to 2020, in recognition of MDV’s expertise in providing sustainable financing for commercialisation of technology-based products and services.

Full settlement of RM 1.60 Billion JBIC loan was made.

MDV collaborated with Unit Peneraju Bumiputera (TERAJU) to develop and operate a Bumiputera Technology Fund to offer financing to Bumiputera technology entrepreneurs specifically TERAS and SUPERB companies involved in the high-technology sectors of the Malaysian economy.

MDV was entrusted by the Government to implement the Technology and Innovation Acceleration Scheme (TIERS) under the Budget 2016 to promote technology exports and overseas expansion by local technology companies towards becoming regional champions.
2016

MDV’s Third Fund of RM1.00 Billion was approved.

MDV’s financing portfolio size exceeded RM1.50 Billion.

MDV launched its first nurturing programme initiative, “Elev8” to showcase MDV’s efforts to accelerate and increase the bankability of a technology start-up. Via Elev8, MDV will assist young technology companies to be sustainable and become success stories in their own right.

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.

The Energy Efficiency Financing Scheme was developed to finance Energy Efficiency projects, specifically Energy Performance contracting, with funding from MDV and incentives via guarantees and financing rate equalisation from Ministry Of Works (KKR), Building Sector Energy Efficiency Project (BSEEP) and Ministry Of Energy, Green Technology and Water (KeTTHA). The scheme’s targeted outcome is to help Malaysia achieve its international carbon emission commitment and catalyse the incipient Energy Services sector.

MDV’s Third Fund of RM1.00 Billion was approved.

MDV collaborated with Bank Negara Malaysia and IAP Sdn Bhd to promote the Islamic Investment Account Platform (IAP) initiative, which objective is to further deepen and broaden the Islamic Financial Services sector. MDV has signed an MOU with IAP Sdn Bhd to help promote the Investment Account Platform as an alternative means of funding for technology projects, and to provide technical assistance to IAP on technology financing.
2017

2017 marked the 15th year of MDV in operation, since
its inception in 2002.

Subsequent to the launch MDV’s nurturing programme “Elev8” in 2016, 2017 saw the successful graduation of seven companies from this programme after
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.

MDV inked a Memorandum of Understanding (MOUs) with Astana International Financial Centre Authority (“AIFC”) during the Islamic Green Financing Week at the Malaysia Pavilion Astana Expo 2017 in Astana, Republic of Kazakhstan. The MOU was inked to foster the development and sharing of best practices, expertise and knowledge in the field of Islamic and Green finance, as well as to strengthen mutual efforts in building of Islamic and Green finance ecosystem of both companies and countries.

Further to our commitment in developing the green sector, MDV had launched the Energy Performance Contracting (EPC) Fund with the objective of providing financial assistance to energy service companies (ESCOs) that are undertaking energy-efficient projects in the building sector. MDV’s funding will be supported by a credit guarantee amounting to RM15.80 million from the Ministry of Energy, Green Technology and Water (KeTTHA) and a RM2.00 million contribution from the JKR Building Sector Energy Efficiency Project.

MDV launched its Third Fund via a Government guaranteed Sukuk to continue financing companies that fall under MDV’s technology mandate. The Third Fund will serve as a platform for MDV to finance new technology areas and provide complementary financial products. Similar to MDV’s Second Fund, the Third Fund also aims to increase awareness of the socio-economic benefits of Islamic financing as an appropriate alternative to conventional financing.