THE Government is calling for more local companies to come forward and take advantage of the Technology Investment Fund (TIF) to acquire equity in foreign companies or invest in start-up companies innew growth sectors.<\/p>\n
Second Finance Minister Datuk Dr Jamaludin Jarjis said to date, only 10 per cent of the RM500 million TIF had been taken up.<\/p>\n
Similarly, a RM100 million allocation administered by Malaysian Venture Capital Bhd has also not been fully taken up.<\/p>\n
Set up under the Economic Stimulus Package, the RM100 million fund is to spearhead seed investment, nurture entrepreneurial development and generate new opportunities in information and communications technology (ICT).<\/p>\n
Jamaludin called on returning Malaysians holding a Master’s degree or a Doctor of Philosophy, and those formerly working for foreign ICT companies overseas to take up the seed venture capital if they have new ideas for business.<\/p>\n
“Since the past few months, only RM50 million of the TIF and RM10 million of the seed venture capital has been disbursed to successful applicants.<\/p>\n
“Due to this, we are urging more Malaysian companies and young Malaysians with new ideas in the ICT sector to come forward and take this opportunity,” he said.<\/p>\n
Jamaludin was speaking to reporters after launching the National Computer’s (Nascom) Pioneer Project for School Laboratories at Sekolah Kebangsaan Keratong 10 in Malacca recently.<\/p>\n
Also present at the launch were DRB-HICOM Bhd Group chairman Tan Sri Saleh Sulong, DRB-HICOM Information Technologies Sdn Bhd (DHIT) chairman Datuk Yatina Yahaya and state education director Abdul Rahim Noh.<\/p>\n
Under the Nascom project, two schools – SK Keratong 10 and Sekolah Menengah Kebangsaan Simpang Bekoh in Asahan, Malacca – will have a computer laboratory set up by DHIT to test the open source computer system.<\/p>\n","protected":false},"excerpt":{"rendered":"
THE Government is calling for more local companies to come forward and take advantage of the Technology Investment Fund (TIF) to acquire equity in foreign companies or invest in start-up companies innew growth sectors. Second Finance Minister Datuk Dr Jamaludin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-640","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=640"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/640\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}