KWINANA Technology Business Incubator has signed an agreement with one of South-East Asia’s highest profile technology centres as part of a plan to establish a regional technology network.
KWINANA Technology Business Incubator has signed an agreement with one of South-East Asia’s highest profile technology centres as part of a plan to establish a regional technology network.
KTBI has signed an agreement with Malaysia’s Multimedia Development Corporation (MDC) that will enable the organisations to exchange information and contacts and provide access to each other’s facilities.
Under the terms of the agreement, the two organisations will work together to promote trade and business investment in Malaysia and Australia.
MDC vice-president Dr Wilson Tay visited the KTBI to sign an MoU last week. This follows the signing of a similar agreement late last year between KTBI’s parent organisation, the South Coast Business Development Organisation, and New Zealand’s Auckland University of Technology.
The SCBDO/KTBI operation has now formalised links with some of the key education and technology centres, including MDC, Auckland University of Technology and Murdoch University.
In a statement announcing the agreement, SCBDO chairman David Winter said the recent launch of the KTBI propelled the Rockingham and Kwinana region to the forefront of technology incubation and development.
He said the KTBI and MDC were already working together to develop business and investment opportunities in Malaysia and WA and would now be cementing reciprocal use arrangements to allow local businesses to have access to resources and facilities at Cyberjaya, Malaysia.
“MDC is one of the most influential corporations in Malaysia and is responsible for the internationally acclaimed Multimedia Super Corridor (MSC), which has more than 1,000 multinational technology companies and organisations involved in one of the most technologically advanced facilities of its kind in the world,” Mr Winter said.
“Cyberjaya is a specifically created city that is totally dedicated to technology and business incubation and the MoU we have just signed provides our tenants and associated local companies with direct access into this amazing, multi-billion dollar facility.
“It also gives us the opportunity to attract significant investment and technology to the local market.”
The KTBI opened its doors in March this year to nurture innovation in the Kwinana and Rockingham region and establish the area as a major portal for technology exchange between WA and Malaysia.
The KTBI is expected to create 1,200 full-time jobs and contribute approximately $63.5 million to the local economy over a 10-year period.
