UniversitI Malaya's research findings will be commercialised by SIRIM Berhad through the transformation of ideas into businesses that can contribute to economic growth.
This is the result of a Memorandum of Understanding (MoU) between Universiti Malaya and SIRIM Tech Venture Sdn Bhd (STV), a wholly-owned subsidiary of SIRIM which is paving the way in developing collaborative efforts between the industry and institutions of higher learning.
The agreement was signed by the Vice-Chancellor of Universiti Malaya, YBhg. Professor Dato ’ Ir. Dr. Mohd Hamdi Abd Shukor with SIRIM Group President and Chief Executive Officer, YBhg Dato' Dr. Ahmad Sabirin Arshad.
According to Prof. Hamdi, this agreement will bring the findings of innovations and services produced by researchers of Universiti Malaya into the market that will have an impact on the country and the world.
"This will provide significant benefits to the economic sector, increase employment opportunities, and the quality of life of individuals and communities. This agreement is also a platform to identify marketing strategies for the commercialization of technology and research," he said.
Also present were the Deputy Vice-Chancellor (Research & Innovation), Prof. Dr. Noorsaadah Abd Rahman; Assistant Vice-Chancellor (Research & Innovation), Prof. Dr. Shaliza Ibrahim and STV CEO, Ajmain Kassim.
SIRIM Group President and Chief Executive Officer, Dato’ Dr Ahmad Sabirin Arshad said, through this collaboration, STV will provide advisory services and STV technology commercialization services to UM that will assist university researchers to commercialize their innovations.
“STV and UM have agreed to work together in the field of human capital capacity building through training, workshops, educational seminars and talks. Apart from that, STV also offers various services under business commercialization, especially Technology Evaluation (Certified Patent Evaluation Analyst), Market Feasibility Study and other services related to technology commercialization," he said.
According to Dr. Ahmad Sabirin, STV is now actively establishing cooperation with various universities, industries, agencies and research institutions in the field of technology commercialisation.
“SIRIM hopes that STV will be better known as a technology commercialisation entity and as a reference point for the industry in the future. This will be a major pillar for SIRIM in increasing the rate of technology adoption and marketability of innovation in the market," he added.
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