MRANTI inks MOU with Zhongguancun Science Park in China

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MRANTI inks MOU with Zhongguancun Science Park in China
  • The purpose of this project is to promote technological advancement and creativity in Malaysia.
  • Events commit to five strategic activities designed to promote reciprocal exchange.

(from Left): Wang Chongwu, Level-4 Researcher of Zhongguancun Science City Administrative Committee; Wang Tonghui, Executive Director of ZGC Science City LTD; Yao Hongbo, General Manager of ZGC Science City LTD; Chang Lih Kang, Minister of Science, Technology and Innovation, Mosti; Ts. Dr. Mohd Nor Azman Hassan, Deputy Secretary General (Technology Development), Mosti; Dr Rais Hussin, Chief Executive Officer, MRANTI; and Prof Dr Rofina Yasmin Othman, Chairman MRANTI.

Clearly Malaysian innovation agency, MRANTI’s visit last Dec to China’s leading science, technology and innovation hub, Zhongguancun Science Park ( Z- Park ), left an indelible impression on Dr Rais Hussin, CEO of MRANTI as he led another delegation to Beijing, China, where Z- Park is located to sign an MOU today with the Beijing Zhongguancun Science City Innovation Development Co Ltd witnessed by Chang Lih Kang, Minister of Science, Technology and Innovation ( MOSTI).

The two organizations have agreed to five strategic initiatives in accordance with the MoU’s conditions that aim to encourage significant technological and technology advancements. The five engagement areas are:

    Establish a powerful technique for personnel markets to leverage each other’s experiences when managing Science and Technology parks. This partnership is anticipated to encourage reciprocal learning and development and increase the application of best practices.

  1. Education and seminars: Enhancing innovative capabilities, constructing strong technology ecosystems, incubating tech businesses, and transforming scientific research into business success.
  2. Common benchmarking and a knowledge visit system: To promote immediate interactions and cooperative endeavors between businesses from both nations and to promote business collaboration and market expansion through planned visits.
  3. Creative research: By combining the strengths of both entities, the program aims to address global challenges and obtain business- redefining breakthroughs.
  4. Soft-landing services for industry entry: Both organizations may offer soft-landing services that will enable businesses to understand new opportunities with greater ease and confidence.

” This engagement underscores the deepening collaboration between Malaysia and China, especially in the critical fields of technology, engineering, and innovation”, said Chang.

The Minister further underscored the broad approach of the agreement, adding,” We are eager to expand our cooperation across different sectors, including connectedness, the online business, the natural economy, present agriculture, and biomedicine. This reflects our complementary goals and our ability to make significant headway up.

Rais argued that cooperation is necessary to provide access to capital, business, skill, and innovation for both Malaysia and China.

” For Malaysia, the ability to access the vast Chinese business, access to funding/capital through the 80 rainbows in Zhongguancun Science Park, and not to mention the highly developed skills and creativity that can have a significant impact on the country and culture. Exciting times ahead indeed”, Rais added.

Zhongguancun Science Park is home to nearly 22, 000 high- tech companies, with an average of 90 new businesses being created each day. Global companies such as Lenovo, Baidu, Xiaomi and Beigene started up from there, as did over 80 Unicorn companies such as Toutiao, Mggvii and Cambricon. Over 200 branches and R&amp, D centres of the world’s Top 500 companies have offices there as well.