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MIDA encourages investors to innovate and enter new businesses in local start-ups

MIDA encourages investors to innovate and enter new businesses in local start-ups

12 Aug 2021

Malaysia Investment Development Authority (MIDA) has urged investors to engage domestic start-ups to innovate processes and enter new businesses.

Khairuddin Abdul Rahim, Deputy Chief Executive Officer (Investment Development), said business leaders, including small and medium-sized entrepreneurs, have become a business model to drive business growth and maintain relevance to new regular business leaders. He said that innovation must be creatively incorporated.

“The National Strategic Fund grant is a MIDA initiative to help Malaysia-owned companies move up the value chain and become more competitive in the global ecosystem.

“Through this promotion, we hope that Malaysian companies will not sit in the backseat during a pandemic.

“Instead, they need to take advantage of this period to activate their offerings and features,” he said in his opening remarks at today’s Startup Pitching Session MIDA-Cyberview Series 1/2021 Webinar. rice field.

The theme of “Technology Adoption in the Industry” is a groundbreaking collaboration between MIDA and Cyberview Malaysia, facilitating domestic startup partnerships between industry players and active investors. Did.

Presentations were given by startups such as Move Robotic, Synapse Innovation, VITA, My Conceptual Robotics, Urban Farm Tech, MHub, TrackerHero and MEDKAD.

The webinar attracted more than 300 participants, including manufacturers, service providers and potential investors.

In addition to providing MIDA, Shafinaz Salim, Head of Technology Hub Development at Cyberview Malaysia, said the Cyberview Living Lab program allows companies to conduct proof-of-concept testing and pilot initiatives prior to commercializing solutions. He said he could take advantage of Cyberjaya City for this purpose.

“Our initiative aims to support and nurture startups focused on value creation in today’s digital economy.

“Some of the Cyberview Living Lab graduates continue to play an important role and are actively contributing to the technology ecosystem,” she said.

As Cyberjaya’s tech hub developer, Shafinaz says Cyberview is working to build a sustainable and valuable launch pad for companies looking to turn their ideas into viable and innovative products.

Source: Bernama