MDEC’s gain scheme boosts global expansion of Malaysian headquartered tech firms

KUALA LUMPUR: More than 100 local and regional tech entrepreneurs and digital ecosystem partners gathered at the recently held Global Growth Acceleration (GGA) Kick-off 2020 to learn how MDEC’s newly minted GGA division can assist to fuel high-potential Malaysian headquartered tech companies to skyrocket on the global stage.

The new division will spearhead the much-acclaimed GAIN Programme that was launched by MDEC in 2015 to render business-growth interventions to local tech scaleups, spanning the sectors of cloud, big data, artificial intelligence (AI), Internet of Things (IoT), e-commerce, blockchain, cybersecurity, drone technology, robotics, finance, fintech and such.

MDEC chief executive officer Surina Shukri said the GAIN Programme has achieved exceptional results in a just a short span, yielding a cumulative export revenue of over RM4 billion.

“We have also witnessed an upward trend of Malaysian tech companies expanding exponentially into the region and these success stories must be amplified without reservations,” she said in a statement yesterday.

On hand to brief representatives from Malaysia’s leading tech companies was MDEC vice president of GGA, Gopi Ganesalingam, who shared the refreshed mandate of the new division and key initiatives for the year.

“Beginning in 2020, the GAIN Programme will be embracing prolific tech startups to leverage on the tried and tested growthintervention strategies that we have been deploying for tech scaleups. This will allow MDEC to provide clear end-to-end expansion support for Malaysian tech companies at all growth stages,” he said. — Bernama