Malaysian Technology Development Corporation

Malaysian Technology Development Corporation (MTDC), established in 1992 by the Malaysian government, is a pioneering venture capital firm based in Kuala Lumpur. Initially focused on promoting and commercializing local research, MTDC has evolved into a comprehensive venture capital solutions provider, supporting technology businesses from laboratory ideas to full commercialization. It invests in sectors such as energy, technology, electronics, aerospace and mobility, food security, and healthcare.

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 (AGVs) for industrial and commercial applications. These mobile robots utilize sensors for navigation and can be programmed to autonomously transport goods between locations. DF's AGVs stand out in the market due to their cost-effectiveness, offering similar functionalities to imported alternatives while being more affordable to purchase and maintain. The company focuses on delivering quality and efficient robotic solutions that help clients optimize workflows, enhance productivity, and reduce operational costs.

WISE AI

Series A in 2024
WISE AI is an ASEAN-based artificial intelligence platform company founded in 2018 and headquartered in Petaling Jaya, Malaysia, with additional offices in Singapore and Thailand. The company specializes in facial recognition technology and offers a range of AI products and services tailored for both businesses and consumers. Key offerings include eKYC, which streamlines customer onboarding, a WEB API for rapid facial recognition integration, and various SDKs for certificate decoding. Their facial recognition products encompass face detection, verification, identification, age estimation, and gender detection. WISE AI partners with system integrators to deliver AI-powered solutions across diverse industries, including banking, finance, fintech, retail, and government services in Southeast Asia. The company also engages in research collaborations with universities and government agencies to foster local AI talent and innovation, positioning itself as a leader in digital identity solutions for the region's population of approximately 650 million.

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 innovative diagnostic products using patented aptamer technologies. The company specializes in the creation of diagnostic kits for infectious diseases, enabling high-volume production at low costs. Biogenes offers a range of products, including DNA kits, buffers, and Nano-coated sensor strips, as well as various aptamers tailored for molecular work. By personalizing testing solutions, Biogenes empowers individuals to take better control of their health, enhancing accessibility to portable diagnostic options and improving overall medical care. The company is committed to advancing the field of genomics and genetics through the commercialization of its technology platforms and ongoing patent development.

Aonic (Formerly Poladrone)

Seed Round in 2021
Aonic, formerly known as Poladrone, 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 data captured from aerial operations, facilitating informed decision-making for various industries. Aonic offers a range of services including aerial analytics, agricultural spraying, industrial aerial mapping, and drone operations training. Its solutions cater to sectors such as agriculture, construction, inspection, public safety, and energy, reflecting its commitment to helping enterprises modernize and streamline their operational workflows. With a focus on providing a holistic ecosystem that extends beyond core drone capabilities, Aonic is positioned as a key player in the commercial drone industry.

microLEAP

Seed Round in 2020
microLEAP is a peer-to-peer lending platform based in Petaling Jaya, Malaysia, specializing in providing financing solutions to small enterprises that struggle to secure loans from traditional financial institutions. The company offers both shariah-compliant micro-loans and conventional financing options, facilitating direct connections between investors and borrowers. By allowing individuals to invest in a diverse range of businesses, microLEAP helps to mitigate the risks associated with default. Additionally, the company provides personal accident insurance for business owners or key persons involved in the investments, ensuring that in the event of death or disability, the outstanding investment amount is covered. This approach supports a robust alternative financing model, enhancing access to capital for small businesses while offering investors an opportunity to diversify their portfolios.

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 is a technology company founded in 2013 and based in Petaling Jaya, Malaysia, specializing in predictive behavior, machine learning, and artificial intelligence services. The company offers a range of products and services, including an automated online recommendation engine tailored for various sectors such as food delivery, property, travel, and e-commerce, particularly in fashion and music. In addition, Predictry provides predictive and behavior analytics to forecast trends and sentiments for industries like public service, human resources, and education. The company also delivers big data consulting services to clients in government, finance, and telecommunications. Predictry's strength lies in its ability to customize its SaaS solutions to meet the unique needs of any online business, employing advanced analytics tools to enhance customer engagement and sales conversion rates. The team comprises experienced entrepreneurs and data scientists dedicated to refining their algorithms for optimal performance.

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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