- Aims to help businesses choose innovations, drive green growth
- Initiative aims to generate US$ 1.9 billion in funding and make 65, 000 work
Tech Medini was launched by Iskandar Investment Berhad ( IIB ), a significant step in bolstering Medini’s position as Johor’s top digital and innovation hub.
Tech Medini, a 160-acre development area, is set to become a technical gateway where habitat players can create emerging technologies with innovators from fields such as AI, automatic drones, robotics, cybersecurity, bioengineering, quantum computing, interactive reality, space technology, and more. This initiative aligns with IIB’s goal of driving US$ 1.9 billion ( RM9 billion ) in investments and creating 65, 000 jobs in the Medini area, contributing to Malaysia’s evolution into a high-income nation in the era of Industry 4.0.
Idzham Mohd Hashim, president/CEO of IIB, stated,” 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”. He continued,” Tech Medini aims to enable organizations in adopting new inventions and accelerating digitalization to generate sustainable growth in the region by leveraging emerging technology and fostering creative collaborations.” This serves as a catalyst for our Medini revitalization plan, which aims to attract qualified and high-tech professionals and create a sustainable and prosperous metropolis.
Building on the success of existing efforts like Global Business Services Iskandar@Medini, Drone and Robotics Zone, Iskandar, and Blockchain Village@Medini, Tech Medini serves as a centre designed to empower companies and promote their progress. The Medini Nexus and Medini Soft Landing Programme are two of the advancement programs and assistance services offered by Tech Medini.
The Medini Nexus provides businesses with an street to ideate, expand, and validate their suggestions. It offers access to co-working areas, coaching by experienced entrepreneurs, innovation programs, and analyze site environments, enabling startups to establish a solid foundation for success.
The Medini Soft Landing Programme helps global startups set up their business in Medini by offering support services that comfortable market access, including guided conversation on business membership, business spaces, accommodation options, talent requirements, and localisation services.
Additionally, IIB supports the Dana Impak initiative under Khazanah’s Future Malaysia Programme, which aims to nurture and boost the startup ecosystem with a commitment of US$ 1.2 billion ( RM6 billion ) in funds over five years. Dana Impak is a key foundation under Khazanah’s Advancing Malaysia approach, investing across six elements: 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.
By expanding their investment portfolio and optimizing the region’s worth development, IIB invites potential VC partners to add the money ecosystem. Additionally, the company urges more collaborators to support the development of Johor’s most important innovation and modern hub, contributing to the development of the next wave of innovation. For more information on Tech Medini, attend www. techmedini.com.