February 23, 2024

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SME Corp Malaysia partners tech giant to aid local SMEs

Image Credits: The Borneo Post, Article

SME Corporation Malaysia (SME Corp Malaysia) and the Malaysian branch of a Chinese multinational technology have exchanged a Memorandum of Collaboration (MoC) on the SME Adopt and Innovate (SME AI) programme, aimed to drive SMEs further into digitalisation.

The MoC exchange was witnessed by the Minister of Entrepreneur Development and Cooperatives. The exchange took place during the launch of ‘SMEs Go Global’ and ‘SME Co-Investment Partners’ programmes at SME Corp Malaysia headquarters.

The exchange of the MoC was done by the CEO of SME Corp Malaysia while the tech firm was represented by the CEO of its Malaysia branch.

Through this collaboration, SME Corp Malaysia and the tech firm have jointly developed the SME AI programme, which is aimed to drive SMEs further into digitalisation by leveraging on the firm’s digital expertise for a more sustainable growth.

In turn, the initiative supports SME Corp Malaysia’s agenda to facilitate faster rollout of ICT adoption in Malaysia.

To be truly digitalised, SMEs must re-think and re-design their businesses by ensuring that their strategies, processes, and infrastructure are aligned and fully integrated to support their digital transformation.

The tech firm has been actively supporting the vision of digitalisation, and with SME Corp Malaysia the firm intends to continue collaborating for the benefit of local entrepreneurs and SMEs.

In its role, the firm will provide subject matter expertise, digital solutions and technical support for businesses to incorporate innovative digital solutions using its open platform and AI Cloud technology.

Meanwhile, SME Corp Malaysia is confident that the cloud and AI tech of the firm, coupled with 5G technology will enable SME growth in the digital sphere and towards realising Digital Malaysia.

In this collaboration, both parties will work closely to develop impactful programmes to facilitate SME adoption and innovation in digitalisation initiatives.

Bridging programmes in addition to a ‘Training-of-Trainers’ programme will be implemented to nurture and groom subject matter experts for advisory roles in digital adoption and innovation for SMEs.

The latter programme will enable business advisors of SME Corp Malaysia and agencies under the Ministry of Entrepreneur Development and Cooperatives to use the tech firm’s solutions, particularly cloud and AI, to enable digitalisation among SMEs.

The collaboration will engage with local digital innovation by using the tech firm’s Cloud and AI tech to assist SMEs to create their innovative product. In addition, the programme provides a matching grant together with the firm’s solutions for SMEs to use it in their business under the adoption program.

The tech firm will also help to promote and bundle SME digital solutions from the program to the telco.

Accompanying the Minister at the exchange session were Ministry of Entrepreneur Development and Cooperatives Secretary-General and the Chairman of the SME Corp Malaysia.

Also present at the ceremony were other high-level government officials and leaders of the tech firm.

In 2017, the two parties had signed a Memorandum of Understanding, and both teams have continued their efforts to pave the development journey of Malaysian SMEs.

Since then some of their initiatives include building an incubation laboratory program that promotes innovation, workshops on digitalisation, Talent Program to enhance skills on digital competency amongst others.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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