Asia Pacific University of Technology & Innovation (APU) and a Korean company that conducts education and research activities for practical application based on the theoretical background of corporate valuation formalised a Memorandum of Understanding (MoU) that marks the initiation of a promising collaborative venture. This partnership heralds a new era of cooperation between the two parties, focusing on the realms of technology research, development, and education.

APU stands at the forefront of the digital technology frontier. The institution’s prestigious Premier Digital Tech University status, conferred by the Malaysia Digital Economy Corporation (MDEC), underscores its commitment to technology-focused education. APU boasts an array of technology-oriented degree programs and has a commendable track record in both pedagogy and technological advancements. Meanwhile, the company is a prominent institution in Korea, deeply engaged in technology commercialisation, technology valuation, and bolstering the startup ecosystem.

At the heart of this collaboration lies a set of key objectives aimed at fostering innovation in startup culture, fortifying existing technology practices, and facilitating a dynamic exchange of knowledge and technology between academia and industry leaders.

One of the cornerstones of this partnership is the promotion of research and development (R&D) in the startup domain. Both parties are keen to stimulate innovation in the startup ecosystem, and this MOU paves the way for substantial progress in this regard. The exchange of ideas and resources promises to be mutually beneficial, with the potential to catalyse groundbreaking innovations.

Furthermore, the collaboration envisions a robust synergy in the realm of technology education. APU and KVA will pool their expertise and resources to enhance the educational experience for students, including the provision of student internships, pathways to career opportunities, and the facilitation of industrial final-year projects. This will not only equip students with practical, hands-on experience but also foster a deeper understanding of the dynamic technology landscape.

Joint conferences and knowledge-sharing initiatives are also on the horizon. Both institutions recognise the value of discourse and aim to become leaders in organising events that bring together academia and industry professionals to exchange ideas and insights. In addition, the two parties have committed to acting as mentors for startups, offering invaluable guidance and support, and serving as guest speakers for webinars and talks, thereby nurturing the next generation of tech entrepreneurs.

The official signing of this MOU was a momentous occasion, graced by the presence of eminent individuals. The Vice Chancellor of APU and the Executive Director of the institution solidified the partnership. The Chief Innovation and Enterprise Officer of APU was also present at the signing. The signing ceremony took place in the state-of-the-art campus of APU, in MRANTI Park, Bukit Jalil, Kuala Lumpur. Key representatives from both organisations were gathered.

The Memorandum of Understanding represents a substantial stride in their collective pursuit of nurturing innovation and advancing technology, according to the Vice Chancellor of APU. The prospect of collaborating closely with KVA to generate prospects for their students and actively contribute to the expansion of the technology ecosystem is a source of great enthusiasm and underscores the unwavering dedication of both parties to cultivating technological innovation.

The Executive Director of the institution echoed this sentiment, expressing wholehearted support for the collaboration. He emphasised the company’s dedication to advancing technology commercialisation and entrepreneurship. He highlighted that this collaboration with APU would empower them to harness each other’s strengths, ultimately making a substantial impact in the field.

Under the MoU, both APU and KVA will select candidates, students, or staff to participate in a range of activities. The hosting party will play a pivotal role by providing mentorship and essential resources. APU, as an educational institution, will extend academic support and grant access to its state-of-the-art facilities. In contrast, KVA will provide invaluable expertise and support for joint research and development projects, drawing on its extensive experience in technology commercialisation.

OpenGov Asia reported earlier that Tsinghua University in Beijing, China, is poised to enhance its collaboration with Malaysia, with a specific emphasis on fostering technological advancements through the exchange of students, academics, and researchers.

The Prime Minister of Malaysia revealed that during a courtesy meeting with Tsinghua University’s President discussions encompassed the prospect of joint research initiatives and the commemoration of the upcoming 50th anniversary of Malaysia-China diplomatic relations.