KUALA LUMPUR, May 19 (Bernama) -- Malaysian Technology Development Corporation (MTDC) and Real Tech Holdings Co. Ltd. (Real Tech Holdings) signed an agreement to formalise MTDC’s participation in the Real Tech Fund Investment Partnership Global 1 (‘the Fund”).
 
The Virtual Signing ceremony held by both organizations were signed in the presence of Dato’ Norhalim Yunus, Chief Executive Officer of MTDC and Dr Yukihiro Maru, Chairman of Real Tech Holdings. Witnesses for the signing was Tan Sri Abd Rahman Mamat, Chairman of MTDC and Mr Daiki Kumamoto, Growth Manager of Real Tech Holdings. The session was also streamed LIVE on MTDC’s Facebook page and witnessed by representatives from MTDC, Real Tech Holdings and Leave a Nest (Malaysia) senior management team of all parties respectively.
 
The Fund is a venture capital fund established mainly for investments in ASEAN region unlisted companies with advanced deep-tech technologies. It aims to provide support to the investee companies in various aspects especially for expansion into the Japanese market.
 
Dato’ Norhalim Yunus, MTDC Chief Executive Officer said that MTDC’s participation in the Fund will provide an opportunity for MTDC to jointly invest with Japanese corporations and industrial groups in potential technology-based companies. It is also an opportunity for MTDC to recommend potential companies in MTDC’s ecosystem to the Fund. It is expected to create better access for the selected Malaysian companies with regards to overseas ventures and partnerships, particularly into Japanese market”.
 
Dr. Yukihiro Maru, Chairman Real Tech Holdings Co. Ltd. said “It is our great honor to achieve this partnership with MTDC for accelerating the deep tech ecosystem of Malaysia together since our first contact through Leave a Nest back in 2016. Together, we would like to combine each other's knowledge and experience to solve deep issues”.
 
MTDC’s participation in the Fund would indirectly attract the Japanese corporations’ interest in Malaysian tech-based SMEs for collaboration in the form of investment and technology transfer.
 
There are 10 Japanese large corporations participating in the Fund with total fund size of approximately USD31 million and MTDC is the only non-Japanese participant.
 
Real Tech Holdings is a joint venture between euglena Co. Ltd, a University of Tokyo spin off company, listed on Tokyo Stock Exchange, and Leave a Nest Co., Ltd, founded in Japan in 2002, is one of the nation’s academic knowledge platforms that supports education, research and entrepreneurship. Leave a Nest has subsidiaries in Singapore, Malaysia (since 2013), the Philippines, the UK and the US.
 
Real Tech Holdings has established the Fund in 2020 and has started investment towards the Malaysia deep-tech ecosystem. Through euglena’s experience and Leave a Nest’s knowledge-based platform, they have already engaged with more than 800 startups within the ASEAN region and will continue to grow its activities.
 
About Malaysian Technology Development Corporation
Malaysian Technology Development Corporation Sdn Bhd (MTDC) a wholly-owned company of Khazanah Nasional Berhad, and as an agency under Ministry of Science, Technology and Innovation (MOSTI) was established in 1992 to encourage technology acquisition activities and to develop technology-based companies.
 
Besides fund management, MTDC also provides an integrated support services for technopreneurs which includes Technology Centre Management, Technopreneur Training Academy (TENTRA), Centre of 9 Pillars (Co9P) and advisory services such as mentoring, soft-landing, branding, fund raising, international collaboration and networking. MTDC’s commercialisation ecosystem has provided funding and assistance to over 500 technology-based companies that are involved in a wide range of activities ranging from the agricultural sector to ICT.
 
For more details, please visit www.mtdc.com.my
 
About Real Tech Holdings Co. Ltd.
Real Tech Holdings is a joint venture between euglena Co.,Ltd (https://www.euglena.jp/) and Leave a Nest Co., Ltd. (https://lne.st/). It supports change makers who give their heart and soul to solve societal and environmental challenges. Real Tech Holding’s manages Real Tech Fund, Japan’s leading deep-tech focused venture capital fund.
                                   
For more details, please visit : https://en.realtech.holdings/

SOURCE: Malaysian Technology Development Corporation (MTDC)

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Alvirah Mohd Natt
Vice President
Communications Department
Tel : 017- 212 2802
Email : alvirah@mtdc.com.my

Name: Yuhaini Othman
Associate
Communications Department
Tel : 019-3199953
Email : yuhaini@mtdc.com.my

--BERNAMA