Thursday, September 19

IFCA accelerator programme offers rm10 million to nurture prop-tech startups


KUALA LUMPUR: IFCA MSC Bhd has launched its flagship RM10 million accelerator programme to nurture and develop local property-technology (prop-tech) companies by providing fundraising, business networking and mentorship.

The IFCA accelerator programme is a collaboration with Google cloud’s technology, the company said in a statement yesterday.

In its first stage, the IFCA accelerator programme will identify 10 companies within the prop-tech space and nurture them to achieve global scale.

IFCA MSC Bhd chief executive Officer, Michael Cho, said prop-tech could redefine the real-estate industry and the company is ready to lead the way.

“IFCA MSC aims to foster innovation and growth of prop-tech in Malaysia and identify new ideas that we can integrate.

“With a strong cash reserve standing at RM69.6 million as at June 2017, we are ready to invest in strategic prop-tech technologies that could integrate and scale with IFCA MSC’s business and solutions. All these will translate into creating new solutions for our clients and the industry in the long run,” he added. — Bernama