Malaysia to have world class ICT companies
The Borneo Post - Saturday, 12 October, 2002
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KUALA LUMPUR Malaysia will soon have world class Information and Communications Technology (ICT) and multimedia companies with the partnership between Multimedia Development Corporation (MDC) and BTexact Technologies (BT), Energy, Communications and Multimedia Minister, Datuk Amar Leo Moggie said here yesterday.

He said that the partnership was in line with the objectives of the Multi-media Super Corridor Technopreneur Development Flagship (TDF) to spawn a critical mass of Small and Medium Enterprises (SMEs) and facilitate the growth of world class ICT multimedia companies.

Moggie said this to reporters after witnessing the agreement signing between MDC and BT, a member company of the British Telecom Plc, to introduce a new programme for the development of start­ups under the TDF.

The signing took place after the third National Technopreneur Advisory Committee (NTAC) meeting here yesterday which was chaired by Moggie.

Moggie said that the plan to solicit the assistance of multinationals to help nurture local SMEs was suggested at previous NTAC meetings.

The new module, a key element to the Start-Up Programme steered by TDF, aims to facilitate young start-ups and local ICT/ multimedia SMEs to assess and enrich their business concepts and plans, and fill in any gaps in their business models, as well as addressing the marketing aspects of their products and services.

MDC Chief Executive Officer Datuk Dr Mohamed Arif Nun said that the partnership forms an integral part of TDF's effort in creating a developing Centre of Expertise to inject knowledge and promote knowledge exchange and transfer within the MSC's National Incubator Network (NIN).

"We hope this strategic alliance with British Telecom will set the stage and pave the way for more future smart partnerships," he said. BT has targeted to mentor and nurture over 100 start-ups and SMEs under this programme.

Meanwhile, MDC senior vice president of Technopreneur Development Flagship, Sarina Karim said that BT is committed to help enrich and develop the business plans and ideas of entrepreneur to a level that would render them worthy of investment.

For efficient facilitation, business plans will be classified into four categories namely Distruptive Technologies, New Innovative Technologies, Distruptive and Serving Unmet Needs of a Niche Market. Those interested can submit their plans to MDC or its portal at www.technopreneurs.net.my.

BT has assured that all business plans and ideas under this programme would be processed in total confidence, and that ownership of the plans would belong to the entrepreneurs themselves. - Bernama