Serba Dinamik, MTDC ink MoU for digital startup ecosystem development

KUALA LUMPUR: Serba Dinamik Group Bhd and Malaysian Technology Development Corporation (MTDC) have teamed up to foster the growth of the digital startup ecosystem in Malaysia by providing guidance and mentoring to budding entrepreneurs for innovative transformation.

In a joint statement, the parties said the collaboration would assist the new-age technologhy start-ups in the country by focusing on areas such as artifical intelligence, 5G, Big Data, cybersecurity, blockchain, Internet of Things and machine learning.

The parties also announced the Innovative Transformation Seed Fund worth RM6mil that will encourage new startups involved in digital or business innovation to commercialise their ideas via a clear business model.

According to Serba Dinamik group managing director Datuk Mohd Abdul Karim, the collaboration is the first phase of the partnership in entrepreneur development programmes. The efforts will take place mainly in Sarawak and will extend in phases to Peninsular Malaysia.

"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.

MTDC CEO Datuk Norhalim Yunus saidit is a concrete initiative by the government to create new opportunities, develop technical skills and help realise 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, commercialization and entrepreneurship”, he said.