VentureTECH
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VentureTECH is an investment company established by the Government of Malaysia in 2009 with the national mandate to encourage the participation of local Malaysian companies in high value-added and high technology industries, a key mainstay that will drive Malaysia into a sustainable high-growth economy. VentureTECH assumes a catalytic role to assist the transformation of the nation’s economic development trajectory by advancing the capabilities of local technology based companies in targeted growth areas of bio-based, green and emerging industries with an aim to provide new opportunities for growth to generate socio economic benefits for the country and the people. This is achieved by collaborating with key ministries, lead development agencies and financial institutions. VentureTECH’s mission is to increase the number of viable, competitive regional and global companies in strategic and high value-added industries, which will be driven by our investment strategies customised to address the existing critical funding gaps within the ecosystem.
Familiarisation Visit by Malaysian Investment Development Authority (MIDA) to TXMR Sdn Bhd
22 March 2021 | TXMR Sdn Bhd, Cheras
The MIDA team from Machinery and Metals Division visited TXMR’s automation plant in Cheras as part of an e ort to familiarise with Malaysian robotics & automa-tion players, followed by a discussion with Venture-TECH. TXMR’s Managing Director/Founder, YM Tengku Mohd Farid Tengku Hassim briefed on the company’s core business of automation and robotics solutions and the company’s business strategy on innovating robotic products and technologies to serve the local and global market. During the plant tour, TXMR showcased their Integrated Conveyor Automation System (ICAS), Integrated Robotic System (IRS) dan Cyber Physical Management System (CPMS).
The technology and solutions o ered by TXMR will be of great benefit to the country as the nation focuses on ramping up Industrial Revolution 4.0 and its continuous demand for digital transformation to remain competitive. The visit is part of VentureTECH’s continuous value creation initiative for its investees through successfully linking with the right stakeholders.
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