MDEC and CIMB Islamic sign MoU providing RM25 million to scale AgTech pilot
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Cyberjaya, 2 April 2021: The Malaysia Digital Economy Corporation (MDEC) and CIMB Islamic Bank Berhad (“CIMB Islamic”) today signed a memorandum of understanding (MoU) on extending an extensive micro-financing programme with an allocation of RM10 million as an initial funding package to catalyse Digital Agriculture Technology (Digital Agtech) in Malaysia. This allocation has the potential to be increased to RM25 million as the programme progresses.
MDEC, a long-time proponent of digitalising the agriculture sector, via a public-private partnership with the Pertubuhan Peladang Kawasan Kuala Langat (PPKKL), initiated a pilot project in 2018 to spur yield and quality of crops utilising the latest technologies. It has seen farmers adopting an Internet of Things (IoT)-enabled fertigation system that helped them reduce monthly fertiliser usage by 20 percent, lower monthly manpower requiremen
MDEC appoints Razif Abdul Aziz Vice President of Investment and Grants
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Cyberjaya, 1 April 2021: Continuing its ‘Reinvent’ mission, the Malaysia Digital Economy Corporation (MDEC) announced Razif Abdul Aziz as its new Vice President of Investment and Grants. Razif will manage the ongoing and upcoming initiatives to drive investments in Malaysia’s digital economy and to manage grants distribution across all MDEC programmes. He will report to Raymond Siva, Senior Vice President of Investment and Brand, and CMO of MDEC.
Of immediate importance, Razif will lead the efforts to strengthen the integrity of the grants framework and institutionalising best practices in the evaluation, disbursement and monitoring of all MDEC-managed grants and its alignment to MDEC’s investment attraction objectives.
MDEC Allocates RM14 Million to 70 SMEs and Start-Ups to Strengthen the Digital Ecosystem
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Cyberjaya, 1 April 2021: The Malaysia Digital Economy Corporation (MDEC) announced today that it has approved another RM10.5 million worth of grants benefiting 50 small and medium-sized enterprises (SMEs) and start-ups. Additionally, MDEC is in the midst of disbursing RM3.5 million worth of grant claims to 20 recipients, mainly from the digital creative content industry.
The grant allocation is part of MDEC’s initiatives under the Digital Content Grant (DCG) and Smart Automation Grant (SAG) that have been designed to encourage local SMEs and start-ups to embrace new digital technologies and services which will increase their business productivity and sustainability.
MDEC to provide funding facilitation support to Malaysian-based startups with its Founders Grindstone and Investor Matching initiatives
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Kuala Lumpur, 11 MARCH 2021: The Malaysia Digital Economy Corporation (MDEC) has launched its two latest Funding Facilitation initiatives for 2021; Founders Grindstone for startup capacity building and Investor Matching, to match startups with Venture Capitals (VCs).
These two initiatives are from MDEC’s Digitally Powered Businesses division and are geared towards opening up opportunities for Malaysian-based startups and tech companies as well as elevating the proficiency of start-up founders to successfully navigate the complexities of raising funds and fulfilling the gruelling demands of potential investors.
In Celebration of International Women s Day: The All-Women in an All-New Data Science and Artificial Intelligence Department of MDEC malaysiakini.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysiakini.com Daily Mail and Mail on Sunday newspapers.