News: MIGHT Collaboration with UK & Japan to Fund Science, Technology and Innovation in Malaysia

Malaysian Industry-Government Group for High Technology (MIGHT) is working to collaborate with both the United Kingdom (UK) and Japan in financing projects related to science, technology and innovation (STI) in Malaysia.

According to MIGHT Joint-Chairman Professor Tan Sri Zakri Abdul Hamid, the Malaysian government has been working closely with the British government to establish the Ungku Amar Newton Fund. For this fund, the British government allocated £4 million a year for five years and the same amount will be matched by the Malaysian government. Tan Sri Zakri, who also acts as the Science Advisor to the Malaysian Prime Minister, stated that a memorandum of understanding for collaboration between Malaysia and the UK would be signed soon.

For its partnership with Japan, MIGHT has sign an agreement with Japan-based Asian Energy Investment Pte Ltd in order to create a fund management company called Putra Eco Ventures. According to MIGHT president and Chief Executive Office Dr. Mohd Yusoff Sulaiman, the main objective of the fund is to invest in efficient and renewable energy assets and businesses. He also stated that a few potential targets for funding from Putra Eco Ventures would be smart grid, energy-saving activities and smart buildings.

The United Kingdom and Japan are two technologically advanced countries; forming a partnership with them is apt, particularly if Malaysia is to achieve its goal of becoming a developed country in the future. It is hoped that international collaboration in science is not restricted to just these two countries, but also expanded to include other scientifically advanced countries such as the United States, Germany and France.

References

  1. MIGHT Working with UK and Japan to Fund STI Project – TheEdge, 13th of June 2014
  2. Might To Work With UK & Japan To Fund Science, Technology And Innovation Projects In Malaysia – MiGHT News and Announcements