In an effort to boost the property and construction sector, the Malaysia PropTech Association and Asia Pacific University of Technology and Innovation have inked a memorandum of agreement (MoA) that will give APU permission to use MPA's Foreground Intellectual Property.
According to a joint statement, the non-exclusive, non-transferable license will see APU use the offering for non-commercial purposes such as teaching and research on joint industry research projects.
MPA’s President, Daniele Gambero, stated that its members, consisting of Malaysian tech startups, are excited about this collaboration and hope to contribute industry insights, workshops, and mentoring APU students.
“In today's fast-changing world, the ability to adapt is a prerequisite for success, and MPA members are eager to collaborate with APU to open students' minds to it and prepare them for the future.
“In order to be successful, new digitised solutions must be developed based on a deep knowledge and thorough understanding of the processes and flows of the specific field of application.”
Through this collaboration, more than 80 proptech companies will receive support through matching, mentoring, connections, and onboarding.
MPA 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.
Vinesh Thiruchelvam, APU’s chief innovation & enterprise officer, said the MoA will allow APU to partner with Malaysian tech startups to infuse emerging technologies into the property and construction sector while allowing its talents to engage directly with the industry.
“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.”