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200 i4.0-Savvy agro-entrepreneurs to each receive RM100,000 financing -- Ronald

07/04/2021 10:35 PM

PUTRAJAYA, April 7 -- A total of 200 agricultural entrepreneurs who have the potential to apply modern and smart agriculture in line with Industrial Revolution (IR) 4.0 (i4.0) will receive a maximum financing of RM100,000 each, said Agriculture and Food Industries Minister Datuk Seri Dr Ronald Kiandee.

He said the Malaysian Technology Development Corporation (MTDC) has been tasked with identifying the entrepreneurs to be guided, trained, and given technical assistance to boost i4.0 in the agricultural sector while Agrobank would provide financing of RM20 million.

He said selected entrepreneurs would be mentored through MTDC's academy branches such as Technopreneur Training Academy for entrepreneurship training and Centre of 9 Pillars for training facilities with experienced trainers for each training and i4.0 solution needs.

“This approach by the government is to produce more entrepreneurs in the field of agriculture with a background in technology.

"We hope that young people take advantage and the opportunities with the RM20 million fund specifically to produce modern agricultural entrepreneurs," he told reporters after witnessing the signing of a memorandum of understanding between Agrobank and MTDC, here, today.

Agrobank was represented by covering president and chief executive officer (CEO) Khadijah Iskandar while MTDC was represented by its CEO Datuk Norhalim Yunus.

Elaborating further, Ronald said various forms of training including knowledge sharing sessions will be conducted by Agrobank and MTDC to further boost the use of i4.0 technology among entrepreneurs.

"The practice of modern and smart technology will be the future in the agricultural sector landscape, and I am happy that eventually this vision will be realised through this collaboration to support the development of the agricultural industry," he said.

He also said entrepreneurs would be introduced to the use of robotics in smart farming practices which would not only save operating costs but also help manage businesses better.

“Smart farming has great potential to provide more productive and sustainable agricultural produce,” Ronald added.

Meanwhile, Norhalim said the use of technology would attract young people to become entrepreneurs in the agricultural sector.

"MTDC will identify qualified entrepreneurs and we will provide guidance on how they need to manage crops starting from seed selection to selling the produce," he added.





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