MDEC PARTNERS KPMG TO NURTURE MALAYSIA’S NEXT TECH UNICORNS

CYBERJAYA, March 13 (Bernama) -- Malaysia Digital Economy Corporation (MDEC) has partnered with the audit and advisory professional services provider KPMG to accelerate the growth of 20 local start-ups to become future technology unicorns by 2025. 

MDEC senior vice president and head of digital export Gopi Ganesalingam said the collaboration would support MDEC’s founders centre of excellence programme under the Malaysia Digital initiative, benefiting the start-ups by providing them with the proper knowledge, tools and support as well as making sure that they get to the end role of becoming a unicorn.

Without disclosing the names, Gopi said the identified start-ups were in the sectors of digital health, digital content and the Islamic economy.

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"In order to make Malaysia’s digital technologies economy vibrant, global companies’ intervention is needed to understand the ecosystem better," he said in a press conference in conjunction with the launch of the KPMG partnership here today.

He said the collaboration would entail identifying high-growth technology companies and providing consultation and advisory on financial technology (fintech) and innovation, technology resiliency and business continuity. 

KPMG in Malaysia managing partner Datuk Johan Idris said the company had been monitoring the development of homegrown start-ups and believed that Malaysia had all the right ingredients for technology companies to grow supported by modern infrastructure and a skilled workforce.

“KPMG is proud to play our part, working closely with MDEC to help these 20 high-potential start-ups reach their true potential,” he said.

-- BERNAMA