Malaysian Technology Development Corporation (MTDC) and Serba Dinamik Group Berhad (Serba Dinamik) on Tuesday inked a memorandum of understanding (MoU) to foster the growth of digital startup ecosystem in Malaysia, by providing guidance and mentoring to the budding entrepreneurs for innovative transformation.
In a joint statement, they said that both organizations collaboration would enable in assisting the new-age technology startups in the country, focusing on future technologies like Artificial Intelligence, 5G, Big Data, Cybersecurity, Blockchain, Internet of Things and Machine Learning, to leverage digital growth opportunities across its global network.
At the virtual MoU signing ceremony both parties announced the Launching of The Innovative Transformation Seed Fund worth RM6 million that will encourage newly established start-ups involved in digital or business innovation to commercialize their ideas via a clear business model.
According to the Chief Executive Officer of MTDC, Datuk Norhalim Yunus mentioned that it is a concrete initiative by the Government of Malaysia to create new opportunities, develop technical skills and help realize the vision of Digital country.
“MTDC will extend collaboration opportunities to the innovators of Startup in Malaysia to engage with its research and development arms to help generate awareness about digital technologies and inculcate a culture of innovative thinking,” he said.
Meanwhile, the the Group Managing Director of Serba Dinamik, Datuk Dr. Ir. Mohd Abdul Karim said the collaboration is the first phase for both organizations to partner in entrepreneur’s development programs mainly in Sarawak and will continue in phases to Semenanjung Malaysia.
“We are delighted and grateful to be partnering with (MTDC) in mentoring the local talents to capitalize on the huge growth potential the region has to offer, and with this initiative, it could be a global footprint opportunity,” he said.