TECHNOLOGY PARK MALAYSIA COLLABORATES WITH LEADING INDONESIAN INCUBATORS AND UNIVERSITY

TECHNOLOGY PARK MALAYSIA COLLABORATES WITH LEADING INDONESIAN INCUBATORS AND UNIVERSITY 150 150 rahman

KUALA LUMPUR, JULY 2 – Technology Park Malaysia Corporation Sdn Bhd (TPM) has today established collaboration with three leading incubators in Indonesia and well-known private university,Universitas Al-Azhar Indonesia (UAI), to mutually develop the soft landing and co-incubation initiatives for incubatees/SMEs from both nations.

The collaborative effort is spearheaded by TPM Innovation Incubation Centre (TPM IIC) which is the department responsible for the incubation and technopreneurship programmes in nurturing startups and SMEs.

TPM Head Mentor/Coach, Encik Azrai Shuib, who is also the General Manager of TPM IIC, led a 15-man delegation, including 6 TPM’s startups/SMEs, on a four-day trip to meet their counterparts in Indonesia.

Among the Indonesian incubators that have agreed to the partnership are Bandung Techno Park (BTP), PT Bank Mahasiswa Indonesia (BMI) and Universitas Al-Azhar Indonesia (UAI).

TPM President/Chief Executive Officer, Datuk Ir. Mohd. Azman Shahidin said TPM IIC has since 2013 established mutual understanding and collaboration arrangement with international Science and Technology Park (STP) and Incubator Centres on co-incubation and soft Landing initiatives.

“This initiative is also a follow through to the collective consensus among incubators in ASEAN during ASEAN Technology Business Incubator Workshop held on 15~16 June 2013 in Bogor Indonesia.

“The collaboration is in line with TPM’s internationalization efforts by taking our incubatees abroad to penetrate international markets through a formal soft landing and co-incubation programme with identified international incubator managers,” he added.

On the co-incubation and soft landing programmes, Azrai said that both parties shall work together in developing the programmes on terms and conditions to be mutually agreed, including the provision of physical space, support services facilitation and virtual incubation services.

The enrollment of incubatees/SMEs into the program, added Azrai, would be subjected to screening and selection procedures that are already in practice at both incubator centres on the mutually agreed terms and conditions.

“The participating incubatees/SMEs shall be given a duration period of one year for business exploration. However, total contact-days with the incubator center shall not exceed ninety (90) days. During this 90 days market exploring stage, the incubatees/SMEs may get all the specialization assistance and the use of shared facilities on pro bono basis (no fees applied).

“Both parties shall facilitate handholding activities for selected incubatees/SMEs, which includes(a) access to market, funding, technology and experts; (b) access to partnership and networking; and (c) business advisory related to local business situation and requirements

“Upon completion of the programme, depending on market traction and business viability, the incubatees/SMEs shall be given an option to take up space facility at the incubation centre subject to screening and selection procedures rental, terms and conditions to be mutually agreed,” explained Azrai.

TPM is a government-owned company of the Ministry of Finance and operates under the auspices of the Ministry of Science, Technology and Innovation. It is the only fourth generation incubation model in Malaysia that offers specialized advisory and a comprehensive and integrated entrepreneurship and technopreneurship development programme.

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