MSC Malaysia (formerly known as the Multimedia Super Corridor) is the world’s most comprehensive Information and Communications Technology (ICT) and multimedia development project. More than just a technology park, the MSC Malaysia is Malaysia’s new engine of growth into the knowledge-based economy.
Since 1996, one of the MSC Malaysia’s key strategic thrusts has been the development of Malaysian ICT Small and Medium Enterprises (SMEs) can become world-class over time. The SMEs are seen as substantial contributors to economic growth as they create new wealth and job opportunities in the knowledge-based economy.
In recognising the need to further enhance the MSC Malaysia’s efforts to develop Malaysian SMEs in the ICT and other strategic high technology industries, the Government launched the Technopreneur Development Division (TeDD) in November 2001. The lead agency driving the division is the Ministry of Science, Technology & Innovation with Multimedia Development Corporation (MDeC) acting as the implementing agency.
The core objectives of the Technopreneur Development Division (TeDD) are to:
To facilitate the development of technopreneurs, start-ups and existing ICT companies
To catalyze and nurture a cluster of ICT SMEs
To assist and facilitate the growth of ICT SMEs into world-class companies
The Technopreneur Development Division is well poised to take the MSC Malaysia to the next level in generating a critical mass of SMEs in strategic high technology sectors such as well as facilitating the growth of these ICT companies to become world-class companies.
As drivers of new wealth and job creation in a knowledge-based economy, successful and sustainable SMEs will be crucial in helping Malaysia take its place amongst world-class high-tech nations. The Government acts as the catalyst and facilitator in providing the right environment in Malaysia for technopreneurs to blossom and make a success of their products on the global marketplace. We invite you to take advantage of the opportunities offered through the division.
CGDirect Access Guarantee Scheme
Credit Guarantee Corporation (CGC) Malaysia Berhad was incorporated on 5 July 1972 under the Companies Act 1965 with Bank Negara Malaysia, and all the commercial banks and financial institutions operating in the country as its shareholders. CGC is established with the objective of assisting Small and Medium Enterprises (SMEs) without collateral or with inadequate collateral and no track record to gain accessibility to credit facilities from financial institutions.
CGC formulates and administers various guarantee schemes meant for specific target groups with the participation of all financial institutions. It also complements the Government’s effort to develop and encourage Small and Medium Industries (SMIs) in the country. Its guarantee schemes are mainly categorised under The Main Scheme and The Programmed Leading Scheme.
Under the Main Scheme, SMIs may apply for New Principal Guarantee Scheme (NPGS), Direct Access Guarantee Scheme (DAGS), Islamic Banking Guarantee Scheme (IBGS) and Small Entrepreneur Guarantee Scheme (SEGS). While the Programmed Landing Scheme offers the Flexi Guarantee Scheme (FGS), Franchise Financing Scheme (FFS) and Youth Economic Development Program. Depending on individual financing requirements, SMEs may apply for loans from any financial institution under any CGC scheme except for DAGS.
DAGS was intorduced in July 2000 to enable SMEs to obtain financing from RM50,000 to RM1 million by applying directly to any CGC branches nationwide. All applications under DAGS will be evaluated and processed by CGC, which will then arrange for the required financing to be granted by participating banks. Under DAGS, eligible borroweres can enjoy guarantee coverage of up to 100%.