Malaysian Technology Development Corporation

Malaysian Technology Development Corporation Sdn Bhd (MTDC), established in 1992 and based in Kuala Lumpur, is a government-backed organization focused on fostering technological advancements in Malaysia. It specializes in venture capital, providing incubation, seed, start-up, and early-stage financing through loans and equity investments, including convertible notes and preference shares. MTDC aims to promote and commercialize local research while also acquiring strategic foreign technologies. It invests primarily in advanced manufacturing, advanced materials, electronics, information technology, and biotechnology sectors. Additionally, the organization offers technology development programs, consulting, infrastructure support, and corporate advisory services, positioning itself as a comprehensive solutions provider for technology enterprises, from initial laboratory concepts to full commercialization. As a subsidiary of Khazanah Nasional Berhad, MTDC plays a pivotal role in the growth of technology-based companies in Malaysia.

Nurliza Ramli

Senior Vice President

Shaharul Azam Salleh

Senior Vice President

Bin Yunus, Norhalim

Chief Executive Officer

Bin Wan Zahir, Amirul Feisal

Director

Past deals in Malaysia

Aonic (Formerly Poladrone)

Seed Round in 2021
Aonic, formerly known as Poladrone Solutions Sdn. Bhd., is a Malaysia-based company that specializes in drone technology and data analysis. Founded in 2016 by two aerospace engineers, Aonic focuses on providing aerial analytics, agricultural spraying, industrial aerial mapping, and drone operations training. The company serves various sectors, including agriculture, construction, inspection, public safety, and energy. Aonic employs advanced UAV and remote sensing technologies to gather and analyze extensive data, helping businesses make informed decisions. The company has also established strategic partnerships globally, enhancing its capabilities and outreach. With a commitment to sustainable practices, Aonic aims to improve efficiency in plantations, particularly in the oil palm industry, while contributing to environmental conservation efforts. The company's innovative approach has garnered recognition and accolades, including being a finalist in the ReimagineDrone Incubator program.

microLEAP

Seed Round in 2020
microLEAP is the Malaysian fintech platform.

Longe Medikal Sdn Bhd

Seed Round in 2020
A medical technology startup innovating clinical practice in image guided procedures using patient specific data. We provide high fidelity patient specific organ replica for rehearsal of image guided procedures, pre-procedure planning, post-procedure evaluation, simulation for medical devices and training. The patient specific solution is compatible to be used with any angiography system and compatible with majority of available medical devices in the market.

Pinjamla

Grant in 2019
Pinjamla is a marketplace that lets you rent products from rental businesses seamlessly.

Predictry

Seed Round in 2014
Predictry provides predictive behavior, machine learning, and artificial intelligence services that help clients to make sense of data. The company offers products and services, such as automated/online recommendation engine for virtual sales assistance in online food delivery, property or car listing, travel, news or content, and dating sites sectors, as well as fashion, clothing, and shoes sectors; predictive and behavior analytics that helps to predict behaviors, moods, intelligence, trends, and sentiments for public service, human resource, music, online education and examination, government, and military sectors; and big data consulting services for government, military, finance, telecommunications/mobile operators, and large data assets sectors. It provides its products and services for automatic online recommender and predictive analytics applications. The company was founded in 2013 and is based in Petaling Jaya, Malaysia.