MDEC, Japan’s IP Bridge sign mou to foster new IPs
By Digital News Asia October 5, 2016
- Deal strengthens relationship between countries in ICT field
- Attract ASEAN companies to conduct business in Japan
THE Malaysia Digital Economy Corporation (MDEC) and IP Bridge, a management company of Japan’s first and the largest IP dedicated fund of approximately US$300 million (RM1.2 billion), signed a collaborative agreement on Monday, to enable Malaysian tech companies to leverage Japan’s research & development field for creating innovations in technology as well as entering the Japanese market.
The MoU will see both countries collaborating in promoting development of new intellectual properties towards innovative technologies. IP Bridge is allocating its intellectual property (IP) resources to invest in tech companies around ASEAN nations including Malaysia, Singapore, Thailand and Indonesia with the goal of attracting the companies to conduct business in Japan.
IP Bridge is mainly supported by Japanese sovereign fund, Innovation Network Corporation of Japan.
The push for innovation, particularly in areas such as internet of things (IoT), cloud, big data analytics (BDA), cybersecurity, e-commerce and fintech in addition to artificial intelligence (AI), will benefit both countries in advancing the IT industry. It will also facilitate the implementation of joint projects on R&D, as well as innovations in respect to sustainable smart society development and technologies.
"As Malaysia continues to embrace the Digital Economy, it is becoming increasingly important for us to collaborate with other pioneers in this sector to further push the boundaries of innovation. With this in mind, we are proud to partner with IP Bridge to fast-track the development of new innovative technologies as well as provide opportunities for businesses from both nations to collaborate and enhance talent capabilities," said Ng Wan Peng, chief operating officer of MDEC.
Shigeharu Yoshii, CEO and president of IP Bridge added, "IP Bridge has been expanding its network globally with its initial focus on ASEAN nations, including Malaysia and we are extremely excited to be working with MDEC. Now, innovative ICT technologies are developing regardless of countries. We can see a lot of opportunities among ICT related countries including Malaysia and Japan. We are sure that this joint work by MDEC and IP Bridge will accelerate the sustainable growth of ICT industries in the both countries and the world.”