- Investments to advance industrial automation, digital inclusion and healthcare innovation
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Funding into Move Robotic, Recove Group and Edote strengthens innovation ecosystem VentureTECH Sdn. Bhd. (VentureTECH), a government-backed wholly owned investment company of Malaysian Industry-Government Group for High Technology (MIGHT), today announced its strategic investments amounting to US$6.85 million (RM28 million) into three Bumiputera-led high-growth, high-value (HGHV) companies during an Investment Agreement Signing Ceremony held at Pulse Grande Hotel, Putrajaya.
Move Robotic Sdn Bhd (Move Robotic), Recove Group Sdn Bhd (Recove) and Edote Sdn Bhd (Edote) each offers differentiated technologies, scalable business models and strong commercial potential. Together, their innovations advance industrial automation, digital inclusion and healthcare innovation, contributing to Malaysia’s technological capabilities, industrial competitiveness and long-term economic resilience.
Azizan Jaafar, CEO of VentureTECH, said, “At VentureTECH, we invest in companies with innovative technologies that solve real-world challenges, strengthen strategic industries and have the potential to scale sustainably. Move Robotic, Recove and Edote exemplify the kind of Bumiputera companies we seek to support; companies that combine innovation with strong commercial potential while delivering meaningful socio-economic impact.”
Azizan emphasised that VentureTECH’s role extends beyond providing capital to helping investee companies throughout their growth journey, strengthening their capabilities, unlock new market opportunities and to scale sustainably.
“Through these investments, we are not only supporting promising <a href="https://bitcomme.com/chico-workshop-helps-small-businesses-explore-ai-tools/” title=”Chico workshop helps small businesses explore AI tools”>businesses but also contributing to Malaysia’s long-term economic resilience and the aspirations of the Bumiputera Economic Transformation Plan 2035 (PuTERA35).”
Driving industrial transformation through homegrown automation
Move Robotic delivers a complete warehouse and logistics automation ecosystem that integrates Autonomous Mobile Robots (AMRs), autonomous material-handling solutions, Automated Storage and Retrieval Systems (ASRS) and pallet shuttle systems with its proprietary Warehouse Management System (WMS) and Robot Fleet Manager (RFM).
Rather than supplying standalone equipment, Move Robotic brings robotics, storage automation and software together as one end-to-end solution positioning it to become the first Malaysian provider of a fully bundled Robot-as-a-Service (RaaS) solution. This makes automation more accessible and scalable,.
Accelerating healthcare innovation
Recove is a Med-Tech commercialisation platform dedicated to transforming research-driven healthcare innovations into market-ready medical technologies.
Working closely with universities, researchers and medical specialists, Recove bridges the gap between research and commercialisation by transforming promising innovations into scalable healthcare solutions. Having successfully commercialised NEORUBIN®, a non-invasive newborn jaundice screening device, the company is currently advancing additional medical technologies through its growing innovation pipeline.
The partnership with VentureTECH will accelerate product commercialisation, helping more Malaysian-developed technologies reach hospitals, healthcare providers and patients.
Advancing digital inclusion through assistive technology
As a Malaysian assistive technology company, Edote is focused on improving digital accessibility for the visually impaired community.
The company developed eBrelle, the first standalone Braille laptop in Malaysia and Southeast Asia, enabling visually impaired users to access, create and interact with digital content independently. By integrating proprietary hardware, software and accessibility-focused applications into a single platform, Edote is helping to reduce barriers to education, employment and digital participation.
With VentureTECH’s support, Edote is well-positioned to expand its manufacturing capabilities, strengthen its product portfolio and bring its home-grown assistive technology to more users across Malaysia and the region.
The Investment Agreement signing was witnessed by Ir. Khalilur Rahman Ebrahim, Chairman of VentureTECH; Ts. Rushdi Abdul Rahim, President and CEO of MIGHT; Dr Hisham Kamal, Deputy Director 2 (Bumiputera Development), Equity Development Division, Ministry of Economy, and Rafea’ah Nahar, Under Secretary – Strategic Planning Division, Ministry of Science, Technology and Innovation (MOSTI).
These investments reflect VentureTECH’s continued commitment to backing Bumiputera companies with the ambition and capability to compete at regional and global levels. By investing in technologies that address real-world challenges, VentureTECH is strengthening Malaysia’s innovation ecosystem while creating sustainable socio-economic value for the nation.
