The Intellectual Property division of the Ministry of Domestic Trade and Consumer Affairs has been corporatised. It is now known as the Intellectual Property Corporation of Malaysia or Perbadanan Harta Intelek Malaysia. Previously, they were referred to as “PHIM” or “MIPC” but have recently changed their logo to “MyIPO”. The Malaysian Intellectual Property Corporation is responsible for the development and management of the Intellectual Property infrastructure in Malaysia.
MAVCAP was incorporated on the 19th of April 2001 by the Government of Malaysia and was allocated RM500 million by the Minister of Finance Inc to invest in, nurture and grow the technology sector as well as to invest and grow the venture capital market in Malaysia.
Malaysia Debt Ventures Berhad (formerly known as MAVCAP Debt Ventures Berhad) manages a RM1.6 billion ICT Fund. They offer the first-ever scheme in Asia for project debt financing focused on high value added ICT and high-growth sectors. The Government of Malaysia has mandated them to help spur ICT development.
MATRADE is the national trade promotion agency of Malaysia. MATRADE was established in 1993 as the external trade promotion arm of Malaysia’s Ministry of International Trade and Industry (MITI). MATRADE functions as a focal point for Malaysian exporters and foreign importers to source for trade related information. By providing market research information and relevant advice, MATRADE assists Malaysian exporters to better position their products and services in the highly competitive global markets.
TeAM was formed by a group of Malaysian Technopreneurs to further the interests of Technopreneurs and to assist in the development of the Digital Economy in Malaysia. It acts as a think tank and voice for Malaysian Technopreneurs.
The Multimedia Super Corridor (MSC) is a 15km by 50km corridor stretching from the Petronas Twin Towers at the Kuala Lumpur City Centre (KLCC) in the north to the world-class Kuala Lumpur International Airport (KLIA) in the south. The MSC is governed by innovative Cyberlaws, policies and practices that enable operating companies to harness the full potential of Information Communications Technology (ICT) and Multimedia. Its goal is to provide an ideal multimedia environment that attracts topflight Malaysian and international IT and multimedia companies or those that have the potential to become world-class over time.
The Multimedia Development Corporation (MDeC) was established in 1996 to spearhead the development and implementation of the MSC. MDeC expedites all applications to locate or re-locate to the MSC by local and multinational companies and is responsible for the marketing of the MSC, locally and globally.
The Malaysian Communications and Multimedia Commission (MCMC) is the regulator for the converging communications and multimedia industry. Its key role is the regulation of the communications and multimedia industry based on the powers provided for in the Malaysian Communications and Multimedia Commission Act (1998) and the Communications and Multimedia Act (1998) as well as overseeing the new regulatory framework for the converging industries of telecommunications, broadcasting and on-line activities.
In May 2003, as part of the national stimulus package, the Ministry of Finance allocated RM100 million to Malaysia Venture Capital Management Berhad (MAVCAP) to spearhead seed investment, nurture entrepreneurial development and generate new ICT opportunities. Using these funds, MAVCAP created the Cradle Investment Programme (CIP) which is a conversion platform of raw ideas into viable and commercial ventures. Qualified idea applicants will be provided with a conditional grant of up to RM50,000 per idea for the crystallisation of a Business or Idea Feasibility Plan.