Serba Dinamik Group Berhad (SDGB) and Malaysian Technology Development Corporation (MTDC) has signed a memorandum of understanding (MoU) to foster the growth of digital startup ecosystem in Malaysia,
The collaboration between both parties aims to provide guidance and mentoring to the budding entrepreneurs for innovative transformation.
In a joint statement, they said the 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 signing ceremony both parties announced the launching of The Innovative Transformation Seed Fund worth RM6 million that aims to encourage newly established start-ups involved in digital or business innovation to commercialise their ideas via a clear business model.
The first ever virtual MoU ceremony held by both organisations were signed in the presence of Mohd Abdul Karim Abdullah, group managing director of Serba Dinamik Group Berhad (SDGB) and Norhalim Yunus, chief executive officer of Malaysian Technology Development Corporation (MTDC).
According to the Group Managing Director of SDGB, Mohd Abdul Karim, 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.
He also said SDGB’s masterplan has demonstrated great commitment towards strengthening the digital growth agenda by making requisite investments in developing skills, new technologies and nurturing entrepreneurship.
“We are delighted and grateful to be partnering with (MTDC) in mentoring the local talents to capitalise on the huge growth potential the region has to offer, and with this initiative, it could be a global footprint opportunity.” he said.
Meanwhile, the ceo of MTDC, 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.
“We will also design and develop programmes, including training, knowledge-sharing, developmental programmes and other programmes of similar nature that will benefit the cooperation besides providing knowledge transfer and expertise for the development of technology transfer, commercialisation and entrepreneurship”, he said.
As part of the comprehensive growth framework outlined within the MoU, MTDC will link SDGB in assisting technology startups entrepreneurs in Malaysia to leverage digital growth opportunities relating to the Proposed Transaction.
SDGB will also be responsible to share ideas and information towards the development of the Start-up companies and entrepreneurs under (MTDC)’s ecosystem of the Proposed Transaction.
During this ceremony, Serba Dinamik’s robot named Sarah made her first public appearance as co-emcee for the event.