Cyberport recently signed a memorandum of understanding (MoU) with the Malaysia Digital Economy Corporation (MDEC) to facilitate innovation and technology exchange between Hong Kong and Malaysia, fostering start-up ecosystem development.
The agreement aims to establish a collaborative framework for innovation and start-up development and facilitate technology companies in Hong Kong and Malaysia in gaining access to overseas markets, promote technology and knowledge transfer, and provide mentorship and assistance to technology companies.
Under the MoU, Cyberport and MDEC will recommend outstanding start-ups to each other, offering various resources and soft-landing support, such as the provision of soft-landing zones in co-working space at favourable rates, networking events and more, to facilitate the development of the start-up ecosystems in Hong Kong and Malaysia.
Dr. George Lam, Chairman of Cyberport, said: “This arrangement will benefit Hong Kong in attracting Malaysian start-ups to land in Hong Kong and the Greater Bay Area while paving the way for Hong Kong start-ups who wish to expand into overseas market, particularly ASEAN market.”
To kick start this collaboration, both parties jointly organised a webinar last month to invite start-ups from Malaysia and Hong Kong to share their experience and go-to-market strategies. They include GoBuddy, a Malaysian start-up which has landed in Hong Kong, and Doo Technology, a Hong Kong start-up which expanded their presence to Malaysia. Ryan Chan, Head of Global Business Development of MDEC introduced the Malaysia start-up ecosystem and landscape.
Founded in 1996, MDEC is a government agency under the Ministry of Communications and Multimedia Malaysia (KKMM). Its mission is to accelerate Malaysia’s digital economy growth, drive digital talent development, digital transformation as well as digital investment.
Cyberport Professional Services Network (CPN) is a structured and collaborative platform to connect professional consultancy firms and start-ups to extend extra support for community companies to thrive.
By sourcing, matching, and bridging the right service providers with the right community companies, Cyberport aims to lift and speed up the growth of start-ups and support their strategic value creation. More than 20 international and local consultancy firms have joined the network at launch, including Deloitte, Ernst & Young, KPMG, PwC, Eversheds Sutherland, Tricor, and many others.
