Selangor To Bank On RM50 Million Incubation Programme
- By Online News Source
- Published 25 February 2010
- General
- Unrated
Source: Bernama
An incubation programme with an initial investment of RM50 million will be the main driver to ensure the success of Selangor's first technopreneur campus in i-City.
In stating this, Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said the campus was set to accelerate the state's transformation into a knowledge-based economy.
According to him, the success of the campus will be based on three main pillars, namely the state-sponsored incubation programme, a conducive environment for the young, and easy accessibility with good security.
"In ensuring the success of the campus, i-City and PKNS (Selangor State Development Corporation) will jointly manage the incubation programme with RM50 million as initial investment," he said after a dialogue session between the state government and technopreneurs here Thursday.
He also said that the RM50 million would be a mixed fund from the state government and several private organisations which are yet to be finalised.
Khalid said the Selangor government was at the final stage of discussions with Silicon Valley-based Plug and PlayTech Centre of the United States to provide additional investment and incubation expertise as well as to be a bridge for technoprenuers into the US market.
"The criteria for the incubation and the deal with Plug and PlayTech are expected to be finalised by next month," said Eu Hong Chew, chief executive officer of I-Berhad, developer of the i-City project.
This year, 30 to 40 companies comprising from those involved in the development of solutions for digital cities, mobile contents and products and services for the property and construction related sectors will be identified to be nurtured, Eu said.
"We are also working with MDeC (Multimedia Development Corporation) to provide technopreneurs with the necessary skills training and networking opportunities," he said.
On another matter, Khalid said that in view of the expected increase in traffic with the technopreneurs campus in i-City, the state was looking to accelerate the construction of a direct access from the Federal Highway.
"The state is looking at ways and means to expendite the building of a flyover which is expected to cost about RM50 million," he said.
An incubation programme with an initial investment of RM50 million will be the main driver to ensure the success of Selangor's first technopreneur campus in i-City.
In stating this, Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said the campus was set to accelerate the state's transformation into a knowledge-based economy.
According to him, the success of the campus will be based on three main pillars, namely the state-sponsored incubation programme, a conducive environment for the young, and easy accessibility with good security.
"In ensuring the success of the campus, i-City and PKNS (Selangor State Development Corporation) will jointly manage the incubation programme with RM50 million as initial investment," he said after a dialogue session between the state government and technopreneurs here Thursday.
He also said that the RM50 million would be a mixed fund from the state government and several private organisations which are yet to be finalised.
Khalid said the Selangor government was at the final stage of discussions with Silicon Valley-based Plug and PlayTech Centre of the United States to provide additional investment and incubation expertise as well as to be a bridge for technoprenuers into the US market.
"The criteria for the incubation and the deal with Plug and PlayTech are expected to be finalised by next month," said Eu Hong Chew, chief executive officer of I-Berhad, developer of the i-City project.
This year, 30 to 40 companies comprising from those involved in the development of solutions for digital cities, mobile contents and products and services for the property and construction related sectors will be identified to be nurtured, Eu said.
"We are also working with MDeC (Multimedia Development Corporation) to provide technopreneurs with the necessary skills training and networking opportunities," he said.
On another matter, Khalid said that in view of the expected increase in traffic with the technopreneurs campus in i-City, the state was looking to accelerate the construction of a direct access from the Federal Highway.
"The state is looking at ways and means to expendite the building of a flyover which is expected to cost about RM50 million," he said.
