The Malaysian Technology Development Corporation Sdn. Bhd. (MTDC) expects at least four technology companies to list on Bursa Malaysia between 2018 and 2020. Chief Executive Officer, Datuk Norhalim Yunus said the technology companies were involved in the area of medical devices, robotics and chemicals.

“Two of the companies are expected to be listed on the ACE market, while another is likely destined for the Main Market. The listing will be done progressively towards 2020 as we need to prepare them to get better valuations,” he added.

To date, MTDC’s commercialisation ecosystem has provided funding and assistance, to over 500 technology-based companies.

Meanwhile, Datuk Norhalim sees the ‘Leading Entrepreneur Accelerator Platform (LEAP)’ market on Bursa Malaysia, as a big opportunity for start-up companies to raise funds to expand their businesses. “From our perspective, as an early stage funder, it is a very exciting development in that it complements what we already have. (I expect) a lot of deals for MTDC companies with LEAP as the second board needs historical track records. “This is a change to the ecosystem where we had previously government funds assisting in the early stages of companies.Now, we have the potential of securing knowledgeable fund investors to invest in the growing stage,” he added.

Bernama