Iskandar Investment Berhad (IIB) has launched Tech Medini, a landmark initiative that marks a significant leap in solidifying Medini’s position as Johor’s premier Digital and Innovation Hub. The event, held at Mall of Medini, saw approximately 200 members of IIB’s quadruple helix ecosystem in attendance.
Tech Medini, a 160-acre clustered development zone, is set to become a tech hub where ecosystem players thrive in developing emerging technologies with like-minded innovators from various fields such as AI, Autonomous Drones, Robotics, Cybersecurity, Bioengineering, Quantum Computing, Immersive Reality, Space Technology, and more.
This initiative aligns with IIB’s target of driving RM9 billion in investments and creating 65,000 jobs in the Medini area, contributing to the evolution of Malaysia into a high-income nation in the era of Industry 4.0.
Dato’ Idzham Mohd Hashim, president/CEO of IIB, said, “With a strategic focus on supporting the Johor-Singapore Special Economic Zone (JS-SEZ) framework, Tech Medini aims to position Medini as a premier destination for investors, offering a cost-efficient business environment for the region.
“Leveraging emerging technologies and fostering creative collaborations, Tech Medini seeks to empower businesses in adopting new innovations and accelerating digitalisation to drive sustainable growth in the region. This, in turn, fuels the reinvigoration strategy we’ve established for Medini, attracting high-tech businesses and skilled talents, ultimately contributing to a sustainable and thriving metropolis.”
The Heart of Innovation and Sustainable Growth
Building upon the success of existing initiatives like Global Business Services (GBS) Iskandar@Medini, Drone and Robotics Zone (DRZ) Iskandar, and Blockchain Village@Medini (BV@M), Tech Medini serves as a nucleus designed to empower startups and accelerate them towards growth and success. Tech Medini offers a range of growth development programs and support services with the announcement of Medini Nexus and Medini Soft Landing Programme.
The Medini Nexus is a platform that provides the startup community with an avenue to ideate, accelerate, and validate their ideas. It grants access to ready co-working spaces, mentorship by seasoned entrepreneurs, entrepreneurship programs, and test site environments. This platform enables startups to build a strong foundation for success, fostering creativity and innovation towards shaping a sustainable business future.
Acknowledging the challenges faced by international startups, the Medini Soft Landing Programme helps facilitate international companies in setting up their business in Medini. It offers packaged support services allowing for ease of market entry with guided consultation on business registration setup, office spaces, accommodation options, talent requirements, and localisation services.
As IIB continues to nurture and boost the startup ecosystem, it also supports the Dana Impak initiative under Khazanah’s Future Malaysia Programme. Launched in March 2023, this initiative aims to spur the local startup ecosystem with a commitment of RM6 billion in funds to be deployed over five years.
Dana Impak is a key pillar under Khazanah’s Advancing Malaysia strategy, seeking to invest across six themes based on national issues and challenges, including Digital Society and Technology, Quality Health and Education for All, Decent Work and Social Mobility, Food and Energy Security, Building Climate Resilience, and Competing in Global Markets.
At the same time, IIB invites potential VC partners to be part of the funding ecosystem by growing their portfolio of investments and optimising value creation in the region.
IIB calls upon more collaborators to embrace the next wave of innovation by joining the vibrant ecosystem at Tech Medini and contribute to shaping the future of Johor’s premier innovation and digital hub. For more information on Tech Medini, visit www.techmedini.com.
