February 23, 2024

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MDEC partners telecom to foster digital economy

Image Credits: Digital News Asia, News Article

The Malaysia Digital Economy Corporation (MDEC) is collaborating with a communications service provider in Malaysia to promote corporate innovation among businesses in Malaysia, from start-ups or large corporations, to stimulate the ecosystem and spur the country’s digital economy.

The partnership was formalised with both parties signing a Memorandum of Understanding detailing the framework for its cooperation. Through the year-long collaboration, the parties will jointly develop mentorships and programmes to provide coaching to start-ups and corporates embarking on their digital transformation journeys.

Additionally, both parties will facilitate events and engagements that will foster a conducive environment for networking and collaboration between start-ups as well as larger corporations to generate business leads for the industry and accelerate corporate innovation.

The Chief Executive Officer of the leading converged solutions provider in Malaysia stated that, in this challenging and increasingly competitive business environment, the company firmly believes that innovation will be a key success factor in re-evaluating business models and digital transformation strategies.

Their collaboration with MDEC is, therefore, an important one as it allows the firm to collectively provide the right tools, support, and resources, to bring together the best of technologies to help businesses to always be ahead in a changing world. The parties will further explore and co-create initiatives to fuel corporate innovation in Malaysia.

Meanwhile, MDEC’s CEO lauded the firm’s proactive stance in supporting organisations to take the digital leap and heighten their readiness for IR4.0. She further encouraged Malaysia-based MNCs to join the effort to build the nation’s digital ecosystem and support local digitally-empowered businesses to grow globally.

The company possess market knowledge, resources, established networks, and the validation that all businesses aspire to attain; tech start-ups possess the agility and novel ideas that corporations value, she said. MDEC aims to harness these complementary strengths to both advance the nation’s digital agenda and foster the creation of local deep-tech solutions that could shape the way the most pressing global issues are solved.

As the first of their joint initiatives, the two parties will be launching a digital Design Thinking workshop for MDEC’s corporate partners in October 2020. The two-week workshop aims to promote the use of Design Thinking as a methodology to deeply understand problem statements of companies and challenge assumptions in an attempt to solve them creatively and innovatively.

According to another article, MDEC and Malaysia’s leading communications provider have a new history of innovative partnerships. The two have been collaborating on several fronts since 2019, with a shared goal of accelerating the digitalisation of the businesses in Malaysia in line with the Government’s digital economy agenda.

Some of the telecom’s key initiatives include the ecosystem development of IoT in May 2019, which saw the launching of the firm’s immensely popular IoT Challenge and the launch of its second installation on 4 September.

MDEC was also a key partner for the firm’s Market Access Day, the largest pitching session that provided a platform for 100 start-ups to showcase their ideas to approximately 70 of Malaysia’s leading corporates, venture capitalists and angel investors, for business matching and networking opportunities.

Recently, the firm was identified as a Technology Solutions Provider by MDEC for the SME Digitalisation Grant under Budget 2020, which enabled Maxis to offer the widest range of connectivity and digital solutions to help SMEs achieve their digitalisation aspirations.

Meanwhile, through its flagship community programme, eKelas, the company is currently working with MDEC to repurpose the latter’s STEM content and develop learning videos for eKelas students. Concurrently, it is supporting MDEC’s various initiatives under its #mydigitalmaker movement via content sharing and capacity building in Computer Science.


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