Kuala Lumpur, 20 Dec 2021 – Cyberview Sdn Bhd (Cyberview) and Malaysia Debt Ventures Berhad (MDV) recently signed a Memorandum of Understanding (MoU) to leverage each other's strengths, networks, and capabilities with the goal of assisting tech companies in Cyberjaya in obtaining funding and ultimately, enabling them opportunities to advance in Malaysia’s digital economy.
Present at the ceremony were Najib Ibrahim, Managing Director of Cyberview and Nizam Mohamed Nadzri, Chief Executive Officer of MDV. This strategic collaboration aims to offer seamless access to funding for Cyberjaya tech companies via an array of financing schemes by MDV, ensuring growth and enabling these companies to strengthen and rebuild their resilience.
Najib Ibrahim, Managing Director of Cyberview, said, "Due to a shortage of funding, start-ups and SMEs have struggled to grow and scale their business before their full potential can be realised. This MoU with MDV is important for tech companies in Cyberjaya to sustain and, crucially, to get the right support for their business continuity, especially following the impact of the pandemic. At Cyberview, we do our best to ensure that the tech-driven economic foundation for Malaysia will continue to be well-supported and is given every opportunity to thrive. As a firm believer in embracing a collaborative multi-stakeholder approach, we are optimistic that this MoU will be extremely beneficial in further strengthening the Cyberjaya tech ecosystem."
As a technology financier, MDV plays a key role in the Malaysian technology financing ecosystem to advance the government’s initiatives in promoting a technology-based economy. MDV bridges the funding gap faced by technology companies, particularly the Micro, Small, and Medium Enterprises (MSMEs), that are generally underserved by commercial financial institutions due to their non-conventional business model, and lack of track record and collaterals. MDV provides innovative and flexible financing solutions and specialised funding programmes to help fund technology project requirements by customising the loan or financing structure based on each customer’s business needs. To-date, MDV has disbursed approximately RM12.71 billion for more than 965 projects from various sectors of the technology industry. These funds have been channeled to about 836 technology and technology-based companies in Malaysia, in which 55.8% are Bumiputera-owned companies and 87.2% are technology-based SMEs.
Commenting on the MoU, Nizam Mohamed Nadzri said, “MDV’s mission to develop the technology and start-up ecosystem is consistent with Cyberview’s own commitment to technology and innovation. In this regard, we are pleased to be able to collaborate with Cyberview in providing better financing access to technology companies in Cyberjaya through MDV’s product offerings, which include our project and contract financing, as well as our own dedicated programmes for start-ups such as the Liquidity Financing for Technology Start-Ups (LIFTS) and Venture Financing. We firmly believe that this initiative could potentially support and accelerate these technology companies post-pandemic recovery and progress, and help create a strong growth momentum not only for the Cyberjaya tech ecosystem, but for the technology sector as a whole.”
Najib Ibrahim explained that there are currently more than 400 MSC companies residing in Cyberjaya of various sizes and at every stage of growth, and Cyberview has also nurtured more than 85 startups since 2013. Cyberjaya has the highest concentration of tech companies in Malaysia and has been the homebase for homegrown tech companies, namely Aerodyne, IX Telecom, eMoovit and Monsta.
For those interested to know about initiatives under MDV, please visit www.mdv.com.my and for assistance and business facilitation in Cyberjaya, please contact the Cyberjaya Investment & Services Centre at This email address is being protected from spambots. You need JavaScript enabled to view it..
