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MTDC, UNIPEQ ink MoU on halal business collaboration

13/03/2018 03:32 PM
KUALA LUMPUR, March 13 (Bernama) -- Malaysian Technology Development Corporation Sdn Bhd (MTDC) and UNIPEQ Sdn Bhd today signed a memorandum of understanding (MoU) to pave the way for an official collaboration in the halal business ecosystem.

The MoU will see UNIPEQ officially sharing information, knowledge and experience in halal-business- related matters with MTDC's Halal Technology Development Fund (HTDF) recipients.

UNIPEQ, a wholly-owned subsidiary of UKM Holdings Sdn Bhd, the commercial arm of Universiti Kebangsaan Malaysia (UKM), is also expected to assist in identifying potential and qualified companies to apply for the fund.

The MoU was signed by MTDC chief executive officer, Datuk Norhalim Yunus and a member of UNIPEQ's board of directors, Prof Datuk Ir. Dr Riza Atiq Abdullah O.K. Rahmat.

It was witnessed by MTDC chairman Datuk Latt Shariman Abdullah and UKM's deputy vice-chancellor, (Research and Innovation) Prof Dr Mohd Ekhwan Toriman.

At the same ceremony, two newly approved HTDF recipient companies - Suci Harumatiques Sdn Bhd and Chocofac (Malaysia) Sdn Bhd - were introduced and presented with placards marking their entrance into the halal ecosystem.

Both Suci Harumatiques and Chocofac received RM1.3 million and RM2.8 million funding, respectively, via MTDC's HTDF under the 11th Malaysia Plan (11MP), to expand their product lines.

Under the 11MP, the government has introduced the HTDF financing scheme, designed to nurture and finance small and medium enterprises (SMEs) for long-term growth and export-driven through halal-compliant activities, with a total allocation of RM100 million to be channelled through MTDC.

At the press conference, Latt Shariman urged companies to utilise the services rendered by UNIPEQ, which is one of the halal panel laboratories appointed by the Malaysia Islamic Development Department (Jakim).

"I encourage companies to work hand in hand with UNIPEQ on product development and halal certification so that the products and services are well accepted in the challenging halal-compliance market locally and abroad," he said.

Meanwhile, Norhalim said MTDC had approved RM21 million funding under the HTDF scheme, for nine companies, since 2016.

Norhalim said among the nine, MTDC had identified two HTDF\'s recipient companies as having the potential to be listed on Bursa Malaysia's Leading Entrepreneur Accelerator Platform (LEAP) market.

He said, besides food products, MTDC could also consider companies in other industries as recipients for HTDF, which incorporates elements of grant, loan and equity, offering companies flexible funding via convertible promissory notes (CPN) and/or preference shares.


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