Wednesday, April 18, 2012

afternoon highlight (28/03/12/057/534) MTDC has helped 89 tech firms under 9MP


MTDC has helped 89 tech firms under 9MP

SERDANG: Half of 178 technology companies that received grants from the Malaysian Technology Development Corporation (MTDC) under the Ninth Malaysia Plan (9MP, 2006-2010) had successfully penetrated the global market.

MTDC chief executive officer Norhalim Yunus said these companies registered a combined sales of RM280 million.

He said this after the launch here of TV3's new Winners 3 programme, which highlights the development of MTDC's aspiring entrepreneurs.

The launch was officiated by Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop.


Norhalim said since the Seventh Malaysia Plan (1996-2000), MTDC - the government agency spearheading the development of technology business - had given out more than RM700 million worth of grant to close to 500 companies.
 Under the 9MP, financing was given to 178 companies amounting to RM340 million. The amount of sales these companies registered between 2006 and 2010 was about RM700 million, close to doubling the amount of financing granted.

Under the 10th Malaysia Plan (2011-2015), which is entering its third year, a total of 490 companies have benefited from MTDC's grant valued at about RM100 million.

Nor Mohamed said these numbers were encouraging, seeing that the government was committed to aiding companies that are able to produce innovative products.

Earlier, Nor Mohamed said the government not only expected but was confident that agencies like MTDC would be able to place more technology-based companies globally.

Meanwhile, Winners 3 will feature 42 technology companies that had been assisted by MTDC.

Those companies are selected based on the unique technologies they had produced as well as their abilities to overcome obstacles in steering their companies forward.

The 13-episode Winners 3 show will be aired every Friday on TV3.
 Source : New Straits Times
Date : 28 March 2012
afternoon highlight (28/03/12/057/534)

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