Iskandar Investment Berhad launches Tech Medini to enhance the JS-SEZ digital economy

• Aims to help businesses adopt innovations, drive sustainable growth
• Initiative aims to drive US$1.9 billion in investment and create 65,000 jobs

Iskandar Investment Berhad (IIB) launched Tech Medini, marking a significant step in solidifying Medini's position as Johor’s premier Digital and Innovation Hub.

Tech Medini, a 160-acre development zone, is set to become a tech hub where ecosystem players can develop emerging technologies with innovators from fields such as AI, autonomous drones, robotics, cybersecurity, bioengineering, quantum computing, immersive reality, space technology, and more. This initiative aligns with IIB's goal of driving US$1.9 billion (RM9 billion) in investments and creating 65,000 jobs in the Medini area, contributing to Malaysia's evolution into a high-income nation in the era of Industry 4.0.

Idzham Mohd Hashim, president/CEO of IIB, stated, “With a strategic focus on supporting the Johor-Singapore Special Economic Zone (JS-SEZ) framework, Tech Medini aims to position Medini as a premier destination for investors, offering a cost-efficient business environment for the region.” He added, “Leveraging emerging technologies and fostering creative collaborations, Tech Medini seeks to empower businesses in adopting new innovations and accelerating digitalisation to drive sustainable growth in the region. This fuels the reinvigoration strategy we've established for Medini, attracting high-tech businesses and skilled talents, ultimately contributing to a sustainable and thriving metropolis."

Building on the success of existing initiatives like Global Business Services Iskandar@Medini, Drone and Robotics Zone, Iskandar, and Blockchain Village@Medini, Tech Medini serves as a nucleus designed to empower startups and accelerate their growth. Tech Medini offers a range of development programs and support services, including the Medini Nexus and Medini Soft Landing Programme.

The Medini Nexus provides startups with an avenue to ideate, accelerate, and validate their ideas. It offers access to co-working spaces, mentorship by seasoned entrepreneurs, entrepreneurship programs, and test site environments, enabling startups to build a strong foundation for success.

The Medini Soft Landing Programme helps international startups set up their business in Medini by offering support services that ease market entry, including guided consultation on business registration, office spaces, accommodation options, talent requirements, and localisation services.

Additionally, IIB supports the Dana Impak initiative under Khazanah’s Future Malaysia Programme, which aims to nurture and boost the startup ecosystem with a commitment of US$1.2 billion (RM6 billion) in funds over five years. Dana Impak is a key pillar under Khazanah’s Advancing Malaysia strategy, investing across six themes: Digital Society and Technology, Quality Health and Education for all, Decent Work and Social Mobility, Food and Energy Security, Building Climate Resilience, and Competing in Global Markets.

IIB invites potential VC partners to join the funding ecosystem by growing their investment portfolios and optimising value creation in the region. The firm also calls for more collaborators to embrace the next wave of innovation by joining the vibrant ecosystem at Tech Medini and contributing to shaping the future of Johor’s premier innovation and digital hub. For more information on Tech Medini, visit www.techmedini.com.