The Asia Pacific University of Technology & Innovation (APU) and a Malaysian proptech association signed a Memorandum of Agreement (MoA) that will benefit the advancement of technology solutions for Malaysian technology start-ups in the property and construction sector.
The MoA grants APU a royalty-free, irrevocable, non-transferable, non-exclusive licence to use the association’s Foreground Intellectual Property for non-commercial purposes such as teaching and research on joint industry research projects.
The association will facilitate industry study visits for APU undergraduate and postgraduate students, as well as mutual visits by staff members, as appropriate, to improve learning experiences, professional development and curriculum development. In addition, more than 80 proptech companies will receive support through matching, mentoring, connections, and onboarding. The collaboration’s ultimate goal is to prepare future-ready digital talents who can now work on real-world projects arising from a sector that is rapidly digitally transforming.
Highlights of this MoA include:
- The association’s involvement on APU’s Industry Advisory Panel (IAP).
- The APU Sandbox team will also have an opportunity to learn from the association’s member start-ups in venture building areas.
- APU students will now be linked with industry-led projects which can be worked on as final year projects, Post-Graduate dissertations or working at the association’s registered members/partners.
There is a growing awareness of technological solutions for Malaysian tech start-ups in the property and construction sector throughout Asia, particularly in Malaysia. This MoA is another concrete achievement that strengthens relationships with multiple entities in Malaysia.
One of the association’s members — most of whom are Malaysian tech start-ups — is very excited about this collaboration with APU and hopes to contribute industry insights, workshops, and mentoring APU students. He noted that in today’s fast-changing world, the ability to adapt is a prerequisite for success, and the association’s members are eager to collaborate with APU to open students’ minds to it and prepare them for the future. Every aspect and layer of our work, learn, and play lives is infiltrated by technology, he explained.
To be successful, new digitalised solutions must be developed based on deep knowledge and a thorough understanding of the processes and flows of the specific field of application. The association is ready to arrange sharing sessions and case study analysis to provide the academic side with real-world insight into pain points, problem statements, and actual needs.
Meanwhile, APU’s Chief Innovation & Enterprise Officer stated that the MoA will allow APU to partner with Malaysian tech start-ups to infuse emerging technologies into the property and construction sector while allowing our talents to engage directly with the industry. He added that the university is proud to be collaborating with the association on this historic event. Technological innovation and entrepreneurship DNA have the potential to alter the face and trajectory of a country’s tech start-ups.
Future market stability will be ensured by technologies that have the potential to either improve or transform, preserve and tailor improvement functional values within the sector. Given the size of the market and development potential, as well as Malaysia’s exciting tech scene, this partnership has the credibility to provide incredible opportunities, particularly in the property and construction sector, he concluded.
APU has been awarded the Premier Digital Tech Institute status by the Malaysia Digital Economy Corporation (MDEC) since 2017 for its commitment to offering top-notch digital technology courses and ensuring highly-skilled graduates continue to fill future digital job demands locally and globally.
In addition, as a graduate of a Premier Digital Tech Institute, APU students will be accessible to a wide range of resources, internships and job opportunities with top technological firms in Malaysia.
