Malaysia Debt ventures Berhad (MDV), a wholly-owned subsidiary of the Ministry of Finance celebrated its 10th anniversary on 31st January 2013, with a huge gala dinner attended by more than 400 guests. Officiated by the Chairman of MDV, Dr.Abdul Samad Hj. Alias, the event’s guests comprised of key representatives from the Ministries of Finance, as well as Science, Technology and Innovation, and also industry partners, business associates, clients and employees.
Managing director and CEO of MDV, Datuk Md. Zubir Ansori Yahaya said, “This is a significant milestone for any company and we are proud to have been serving technology companies in Malaysia for more than a decade.”
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| Dr. Abdul Samad Hj. Alias giving his speech |
Incorporated on 23rd April, 2002, MDV provided project financing facilities to technology companies within the mandated areas of ICT, biotechnology and green technology. Its second role is to function as development facilitators of key identified technology sectors. Since 2002, MDV expanded by launching the biotechnology financing product in May 2008; MDV later embarked on its third sector, green technology in May 2011, with a fund allocation of RM300 million.
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| Datuk Md. Zubir Ansori Yahaya mingling with guests during MDV’s 10th anniversary gala event |
To date, MDV has extended a total loan of RM6.3 billion to over 450 technology companies or projects; 74% of this funds was to SMEs. For 2013, MDV aims to launch 3 new financing schemes namely the Green Lane Policy Scheme, Green Technology Financing Scheme (GTFS), and Intellectual Property Financing Scheme. These are in line with the government’s latest initiatives.
MDV officially thanked partners like MDeC, Biotech Corp, MAVCAP, SME Corp, MTDC, Modal Perdana, Cradle, Greentech Corp and more during the chairman’s keynote speech.
