The operators of BidNow (a bidding platform) and Universiti Teknologi Malaysia (UTM) recently signed a Memorandum of Understanding (MoU) and Memorandum of Agreement (MoA) for cooperation and collaboration in areas of technology, cybersecurity and data science.
In addition to possible commercialisation, the collaboration will also include other areas such as curriculum design, research, innovation, entrepreneurship, and social responsibility.
Products from the cooperation will also be jointly promoted and marketed.
At the same time, employees of BidNow and its subsidiaries will receive enrolment opportunities in UTM degree and non-degree programmes, as well as academic and leadership exchange placements at the university.
In return, opportunities for industry placements as well as internships and training at BidNow and its subsidiaries will be open to UTM academicians and students.
“We are pleased to be entering into this agreement with UTM. Evidently, this is a far-reaching and enterprising joint collaboration between both BidNow and UTM that will start with developing tech solutions and platforms concerning cybersecurity.
This includes Augmented Reality (AR) and Virtual Reality (VR) technology, Web 3.0 technology as well as areas pertaining to Data Analysis and Data Science,”BidNow CEO, Frankie Goh Chee Keong.
“We certainly look forward to this collaboration, to which our expertise and research can immensely contribute.
We have recently conducted profound research, especially in the areas of Web 3.0 as well as cybersecurity and look forward to using this to provide robust solutions for BidNow, while collaborating on real-world research, not only for the university’s betterment, but that of BidNow and humanity at large.
In this regard, we would like to extend our heartfelt thanks and appreciation to BidNow for this opportunity for us to collaborate with one of the country’s leading and fastest-growing tech platforms.”Prof. Datuk Ts. Dr. Ahmad Fauzi for UTM.
The signing of both agreements was witnessed by Yang Di-Pertua Negeri Pulau Pinang, Tun Ahmad Fuzi Abdul Razak.