Support System for Entrepreneurial and Small and Medium Ventures in ICT Sector: Case of the Technopreneurship Development Program (TDP) Flagship of Malaysia’s Multimedia Super Corridor (MSC) Project - Technopolis: Best Practices for Science and Technology Cities - page 247

Fig. 7 TDP flagship catalyzing actors like a support system for entrepreneurs and SMEs in
Malaysian ICT sector
6 Conclusions and Best Practices from the MSC-TDP
Flagship
The Multimedia Development Corporation (MDeC) recently reported in the local
press that there are about 569 SME companies with MSC Malaysia-status oper-
ating in Cyberjaya—the specially developed technology park type city (Malaysia
has a total 2,000 MSC Malaysia-status companies). These SME companies with
MSC Malaysia-status posted RM6.16 billion in revenues and contributed about
RM1 billion to Malaysian exports last year. The demand for office space in the
especially for the purpose built buildings for these SMEs is supposed to increasing
especially for start-up ventures. Currently, in the technology city of Cyberjaya,
there are about 181 SME companies specially built in the technology buildings and
a third center is being built. A third building for the purpose of housing SMEs and
Start-ups is under completion and there has also been the second MSC-SME
showcase organized this year. Incidentally, most of this growth and development
of start-ups and SMEs seems to happening after the setting up of the MSC-TDP
flagship indicating some success of such a program.
In addition to the numbers outcomes, interviews with the owners, and managers
from some of the start-ups and SMEs reveal, that the support from MDeC/TDP has
been forthcoming and crucial for technology development and also in expansion of
their business to overseas markets. Again this evidence is also anecdotal but