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.

Norhalim Yunus

CEO

13 past transactions

DF Automation & Robotics

Equity Crowdfunding in 2024
DF Automation and Robotics Sdn Bhd, based in Malaysia, specializes in the design, manufacture, marketing, and maintenance of Automated Guided Vehicles (AGV) for industrial and commercial applications. These mobile robots utilize sensors for navigation and can be programmed to autonomously transport goods from one location to another. DF's AGVs stand out in the market for their cost-effectiveness in both purchase and maintenance compared to imported alternatives. The company's focus on delivering quality and efficient robotic solutions enables clients to optimize workflows, enhance productivity, and reduce operational costs.

WISE AI

Series A in 2024
WISE AI is an ASEAN-based artificial intelligence platform company that specializes in facial recognition technology. Founded in 2018 and headquartered in Petaling Jaya, Malaysia, with offices in Singapore and Thailand, the company aims to create digital identities for the 650 million people in Southeast Asia. WISE AI offers a range of products, including eKYC, a solution that streamlines the customer onboarding process, and several facial recognition capabilities such as face detection, verification, identification, and demographic analysis. Additionally, the company provides a WEB API for rapid facial recognition and an SDK for decoding various certificates. WISE AI collaborates with system integrators to deliver AI-powered solutions across various sectors, including banking, fintech, retail, and government services. The company is also involved in partnerships with universities and research organizations to foster local AI talent and engage in research initiatives.

MASVERSE

Seed Round in 2023
Masverse is committed to becoming a global leader in the Web 3.0 domain by driving innovation and establishing seamless global connections through cutting-edge Web 3.0 ecosystems. Our objectives include building a robust Web3 ecosystem by leveraging the latest blockchain advancements. We aim to develop a Public-Permissioned Layer-1 blockchain and a suite of blockchain-enabled applications. This ecosystem will serve as the backbone for various sectors, ensuring security, scalability, and interoperability. We strive to make Malaysia a central hub for Web 3.0 innovation. This initiative will foster growth and success for governments, businesses, and institutions, positioning Malaysia as a key player in the global technology landscape. Our efforts are geared towards enabling stakeholders to drive positive change both locally and globally. By providing the necessary tools and infrastructure, we aim to address global challenges and enhance the quality of life through technological advancements. We are dedicated to making blockchain technology more sustainable and accessible. Our goal is to reduce barriers to adoption, ensuring that the benefits of Web 3.0 are available to a broader audience. By achieving these objectives, Masverse will not only lead the Web 3.0 revolution but also create lasting value for all stakeholders, paving the way for a more connected, innovative, and prosperous future.

Biogenes Technologies

Grant in 2023
Biogenes Technologies is a medical device startup focused on developing diagnostic devices for infectious diseases using patented aptamer technologies. The company's innovative approach enables the high-volume production of cost-effective diagnostic kits, enhancing accessibility for individuals seeking to monitor their health. Biogenes offers a range of products, including DNA kits, buffers, diagnostic kits, and nano-coated sensor strips, all aimed at improving genomics and molecular diagnostics. By personalizing testing options, Biogenes empowers individuals to take better control of their health while advancing the field of portable diagnostics and medical care.

Aonic (Formerly Poladrone)

Seed Round in 2021
Aonic, formerly known as Poladrone Solutions Sdn. Bhd., is a comprehensive drone solutions provider based in Petaling Jaya, Malaysia. Founded in 2016 by a team of engineers, the company specializes in the distribution of drones and the collection and analysis of aerial data to support informed decision-making. Aonic offers a range of services including aerial analytics, agricultural spraying, industrial aerial mapping, and training workshops for drone operations. Its solutions cater to various sectors such as agriculture, construction, inspection, public safety, and energy. With a commitment to modernizing and streamlining operational workflows for enterprises, Aonic is positioned as a key player in the commercial drone industry, continually expanding its offerings beyond traditional drone capabilities.

microLEAP

Seed Round in 2020
microLEAP is a peer-to-peer lending platform based in Petaling Jaya, Malaysia, that facilitates financing for small enterprises struggling to secure traditional loans. The company offers both shariah-compliant micro-loans and conventional financing options, allowing borrowers to connect directly with investors without the need for financial institutions. Additionally, microLEAP provides Personal Accident Insurance for business owners or key personnel involved in the investment, ensuring that outstanding amounts are covered in the event of death or disability. This approach not only helps diversify investors' portfolios but also mitigates the risk of default, thereby enhancing the overall stability of the peer-to-peer financing model.

Longe Medikal Sdn Bhd

Seed Round in 2020
A medical technology startup innovating clinical practice in image guided procedures using patient specific data. develop 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.

3D Gens

Grant in 2019
3D Gens is a technology-driven engineering firm that provides 3D printing and modelling technology to produce quality services.

Predictry

Seed Round in 2014
Predictry, founded in 2013 and based in Petaling Jaya, Malaysia, specializes in predictive behavior, machine learning, and artificial intelligence services designed to enhance data interpretation for various sectors. The company offers an online Recommendation as a Service (RaaS) that provides customized solutions for e-commerce and web listings, covering industries such as food delivery, travel, fashion, and finance. Additionally, Predictry delivers predictive analytics and behavior analytics services that forecast trends, moods, and sentiments for sectors including public service, human resources, and education. Its big data consulting services cater to clients in government, military, and telecommunications. By employing advanced analytics techniques and proprietary algorithms, Predictry customizes recommendations to improve conversion rates and sales outcomes for its clients. The firm is supported by a team of experienced entrepreneurs and data scientists.

PrimeraDx (Primera Biosystems)

Series B in 2008
PrimeraDx, Inc. specializes in multiplexed infectious disease assays, focusing on advanced diagnostic technologies. The company offers Scalable Target Amplification Routine technology, enabling the simultaneous quantitative measurement of multiple target nucleic acids. Its product lineup includes ViraQuant, a multiplexed assay for the quantitative measurement of various viruses, as well as FungiQuant Yeast and FungiQuant Mold, which are fungal panels used in mycology testing. Additionally, PrimeraDx provides an instrument designed for the simultaneous detection and quantification of diverse target types, such as mRNA, miRNA, SNPs, and DNA. These products are utilized in various applications, including miRNA analysis, DNA methylation, quantitative genotyping, gene expression, and viral load measurement. Founded in 2004, PrimeraDx is headquartered in Mansfield, Massachusetts.

PrimeraDx (Primera Biosystems)

Series A in 2005
PrimeraDx, Inc. specializes in multiplexed infectious disease assays, focusing on advanced diagnostic technologies. The company offers Scalable Target Amplification Routine technology, enabling the simultaneous quantitative measurement of multiple target nucleic acids. Its product lineup includes ViraQuant, a multiplexed assay for the quantitative measurement of various viruses, as well as FungiQuant Yeast and FungiQuant Mold, which are fungal panels used in mycology testing. Additionally, PrimeraDx provides an instrument designed for the simultaneous detection and quantification of diverse target types, such as mRNA, miRNA, SNPs, and DNA. These products are utilized in various applications, including miRNA analysis, DNA methylation, quantitative genotyping, gene expression, and viral load measurement. Founded in 2004, PrimeraDx is headquartered in Mansfield, Massachusetts.
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