MDEC helps Malaysian tech companies expand in Thailand

[This is a sponsored article with MDEC.]

Within the dynamic panorama of Southeast Asia’s digital economic system, Thailand has change into a hub for tech innovation. The nation has a rising startup ecosystem, with over 13,000 startups and an inflow of enterprise capital funding, making it a first-rate goal for cross-border collaborations.

Recognising this, Malaysia is increasing its technological footprint by DEX Connex Thailand 2024. This initiative is a part of the Malaysia Digital Financial system Company’s (MDEC) Digital Export (DEX) facilitation programmes.

It’s a part of MDEC’s GAIN (Gateway, Amplify, Make investments, Nurture) initiative, which empowers high-potential Malaysian tech corporations to broaden their regional and international attain.

Connecting startups throughout borders

DEX Connex Thailand is a platform designed to attach Malaysian tech corporations with potential companions in Thailand.

This initiative goals to spice up cooperation between Malaysia and Thailand and promote digital exports. It does so by offering entry to a robust help community, together with channel companions, authorities companies, company associations, and enterprise capital corporations.

In easy phrases, it signifies that Malaysian tech corporations get the connections and sources they should develop, like introductions to key companions and alternatives for funding.

This 12 months, DEX Connex Thailand partnered with True Digital Park, which is a key MDEC ecosystem accomplice in Thailand.

To additional improve the community impact, MDEC additionally partnered with Techsauce, one in every of Thailand’s main tech publishers, which hosted the Techsauce World Summit 2024 on August 7-9 at True Digital Park, Bangkok.

DEX Connex introduced collectively 51 Malaysian tech corporations and greater than 40 Thai companions. This was made potential with backing from the Malaysian Embassy in Bangkok, Malaysia Exterior Commerce Improvement Company (MATRADE), and Thailand’s Digital Financial system Promotion Company (depa).

In keeping with MDEC, the summit attracted round 16,000 guests from over 60 international locations, centred on the theme, “The World of Tomorrow with AI”.

Fostering progress partnerships

The DEX Connex Thailand programme was full of key occasions and actions that facilitated cross-border collaboration. One of many highlights was the Malaysia Diaspora Night time, a networking occasion that introduced collectively the Malaysian diaspora in Bangkok together with Thai-based Malaysian technopreneurs, Malaysian tech corporations, and Thai tech leaders to construct stronger relationships.

Companions like True Digital Park and depa performed a job in driving the digital economic system collaboration between Malaysia and Thailand.

The Memorandum of Understanding (MoU) exchanged between MDEC and depa additional solidified this partnership, paving the way in which for extra native know-how corporations to penetrate the Thai market.

The principle occasion at True Digital Park featured the MoU and Partnership Alternate Ceremony, the place 10 agreements had been signed between Malaysian and Thai corporations. They embrace:

CapBay (Malaysia) and SleekEV (Thailand): To advertise sustainable mobility options by supplier financing.
CapBay (Malaysia) and AccRevo (Thailand): To offer built-in monetary options for SMEs.
Tala Information (Malaysia) and Nimit Nation (Thailand): To concentrate on ASEAN cultural content material creation.
Intelligence Traceability (Malaysia) and S.M.S Options (Thailand): To reinforce traceability within the meals and prescription drugs trade.
EasyStore Commerce (Malaysia) and Lalamove (Thailand): To enhance supply effectivity for SMEs.
EasyStore Commerce (Malaysia) and Sunmi Expertise (Thailand): To reinforce fee processing for SMEs.
CTH Commerce (Malaysia) and T.R. SIAMPUN (Thailand): To combine PayRecon’s options with TRCloud’s accounting answer to help Thai SMEs.
MODELLO Search (Malaysia) and GoFluence Thailand (Thailand): To develop operations in Thailand.
Dattel Asia Group (Malaysia) and depa (Thailand): To help SMEs with digital advertising and AI options.
ReSkills (Malaysia) and The ATTA (Thailand): To develop ReSkills’ subscriber base in Thailand by engagement with companies, universities, and lifelong learners.

These partnerships resulted in additional than RM200 million value of engagements, highlighting the programme’s function in selling Malaysian know-how and innovation on the worldwide stage.

Notable Malaysian corporations akin to Carsome, Macrokiosk Thailand, and Ashisuto World Applied sciences additionally participated in DEX Connex Thailand.

They too exchanged MoUs through the occasion, every specializing in increasing enterprise alternatives and fostering collaboration between Malaysian and Thai tech corporations.

For instance, Carsome has injected a serious funding to refurbish its centre in Samut Prakan to solidify its presence as a high participant in Thailand’s automobile ecommerce market. The Malaysian unicorn additionally has Thai-based platforms—One2Car and Autofun Thailand—which magnetize tens of millions of tourists each month.

Macrokiosk Thailand, which has been lively since 2004, has shaped a robust partnership with a serious Thai holding firm. They’re working collectively throughout cell retail, meals and beverage, asset administration, and property growth.

In the meantime, Ashisuto World Applied sciences has partnered with RICOH Thailand to launch DocKITA® providers. They’re specializing in serving to SMEs with focused social media campaigns and exhibitions.

Establishing the following stage

DEX Connex Thailand 2024 has performed an important function in strengthening the tech collaborations between Malaysia and Thailand, driving the digital economic system throughout Southeast Asia.

As MDEC continues to help Malaysian tech corporations in increasing their international footprint, the success of DEX Connex in Thailand units the stage for future collaborations. MDEC is now establishing their subsequent initiative, DEX Connex Vietnam, and so they’re on the lookout for members.

In case you’re rising a startup that’s prepared for international growth, be part of MDEC’s rising community by making use of for Malaysia Digital (MD) standing and expose your startup to the remainder of SEA and past. By way of the MD nationwide strategic initiative, MDEC is reworking the nation’s digital panorama by leveraging know-how and innovation to drive sustainable financial progress

DEX Connex Vietnam will start on November 14-15, alongside the Vietnam Innovation Summit.