MTDC expects Malaysia's tech development to accelerate
The Malaysian Technology Development Corporation (MTDC)
expects the country’s technological developments to accelerate, backed by a
thriving entrepreneurial ecosystem which is increasingly supported by the
youth.
MTDC chief executive Norhalim Yunus said more and more
youths are keen to delve into the technology fields.
“Many young entrepreneurs dare to take
risks to commercialise the technology they had developed and are willing to
wait a long time (for their products to be successfully commercialised),"
he told reporters after MTDC's 30th Anniversary Celebration themed 'Odyssey
Beyond The Horizon' on Wednesday.Norhalim said the MTDC is currently focusing on ‘deep tech’
which requires in-depth research and development, and subsequently the scaling
up of the results so that products can be created according to the required
standards and quality.
Priority areas include biomedical and electrical and
electronic, he said.
“Moving forward, we will move
vertically towards chip design. We hope that one of the companies we invested
in will be listed on Bursa Malaysia very soon, and three more are expected to
be listed in the first and second quarters of next year.
“One of them is TT Vision, a company
that is engaged in providing machine vision solutions and development of
automation and robotics, the second is a company involved in Industry 4.0
technologies, while the third is an engineering manufacturing services
company," he said.
MTDC’s 30th-anniversary celebration was a commemoration of
its 30-year journey in developing technology-based companies, including one of
the earliest companies to receive MTDC's investment, namely Globetronics
Technology Bhd back in 1993, as well as the commercialisation of new technologies. Additionally, a coffee table book titled '30 Techno Dream',
featuring 30 companies of various stages of progress, size and investment
history was also launched in conjunction with the celebration.
To date, MTDC has funded and invested in over 850 Malaysian
companies, some of which have been successfully listed on local and
international bourses, achieving more than RM1 billion in market
capitalisation.