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KUALA LUMPUR, Oct 24 (Bernama) -- The Malaysian Technology Development Corporation (MTDC), Protellus (M) Sdn Bhd and Kolej UNITI Sdn Bhd (Kolej UNITI) signed a Memorandum of Understanding (MoU) today to mould students into entrepreneurs via a MTDC-Protellus micro credit programme.
Protellus has contributed RM40,000 in seed money while MTDC bestowed a Technopreneur Training Academy (TENTRA) voucher worth RM40,000.
Kolej UNITI will be responsible for selecting the students to participate in the TENTRA Acceleration Programme from which 10 potential entrepreneurs will receive the loan.
The students will be required to repay the seed money once they reach specified milestones or before graduation.
The MoU was inked by MTDC chief executive officer (CEO), Datuk Norhalim Yunus, Protellus executive chairman, Datuk Sazaly Hassan and Kolej UNITI president, Datuk Jamal Mohd Amin.
MTDC corporate services director, Mohammad Farish Nizar Othman, Protellus CEO, Esabirin Abdul Aziz and Kolej UNITI CEO, Amir Hamzah Md Isa, stood witness.
In a press conference following the ceremony, Norhalim said he believes the MTDC-Protellus micro credit facility will trigger enthusiastic interest in the students to venture into business and take their success further after graduation.
“What is important is not the amount they receive, but the value of the knowledge they acquire through the programme. MTDC believes it is more effective to build up technopreneurs from school in order for them to be familiar with starting a business after they leave,” said Norhalim.
He said MTDC’s collaboration with private colleges and companies further widens its network and will increase its programmes.
He added: “We’ve allied with many public universities. Through all the partnerships, we are able to shape many more entrepreneurs.”
As a wholly-owned subsidiary of Khazanah Nasional Bhd, MTDC has financed and aided more than 500 tech-based companies involved in sectors ranging from agriculture to information and communications technology (ICT).
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