Photo - PARC MoU exchange by Stephen Hoover, CEO of PARC & Dato' Dan E Khoo, President of MDeC Americas (foreground, left to right), witnessed by Aki Ohashi, PARC's Director of Business Development and Dato' Yasmin Mahmood, CEO of MDeC (second row, left to right)
National ICT agency Multimedia Development Corporation MDeC has signed an IP (intellectual property) deal with Palo Alto Research Center (PARC) to help MSC Malaysia expand globally.
MDeC's newly formed entity MDeC Americas Inc. signed a memorandum of understanding (MoU) with PARC, a Xerox company, on 5 November 2015, said MDeC chief executive officer Dato' Yasmin Mahmood, who added that the strategic alliance with PARC will help the global footprint expansion of Malaysian MSC-status companies via the creation of a world-class shared R&D program in Silicon Valley.
"Innovation is undoubtedly a competitive weapon, and our collaboration with PARC signifies a key milestone in catapulting local MSC Malaysia companies to the global arena by exposing them to world-class R&D and the latest technological breakthroughs," Yasmin said.
"This collaboration provides an opportunity for suitable MSC companies to not only be innovative and work with best-in-class technology scientists, but also find commercialization partners. This strategic partnership is thus very aligned with the aspiration of Digital Malaysia by putting people in the centre of technology," she said.
"This strategic partnership will not only provide a platform for our MSC companies to further push their limits and propel them to be global icons, but will also strengthen our goal of becoming the tech hub for the ASEAN region. At the heart of ASEAN, Malaysia is an ideal base to gain a foothold in the region, and a conducive launch pad for digital investors and innovators to capture market share across the region," Yasmin said.
"We believe SE Asian markets have a hunger for technology innovation, fast growing economies, and a business friendly environment," said Aki Ohashi, PARC's director of Business Development. "We're excited about this partnership with MDeC to bring cutting-edge PARC technologies to Malaysia, and help MSC Malaysia companies expand globally."
"The multi-faceted MDeC Americas-PARC collaboration connects the best of MSC Malaysia's intellectual property with that of Silicon Valley and creates a unique opportunity to spawn new breakthroughs in digital technology that can benefit both ecosystems," said Dato' Dan E Khoo, president of MDeC Americas.
Almost 20 years after the founding of the Multimedia Super Corridor (MSC) in Malaysia, there are now more than r 3,600 MSC Malaysia companies operating in various parts of the country. Of these, 70 percent are primarily Malaysian-owned and in various stages of development, with many currently expanding their global footprint.
MDeC Americas, which has been operational since August 2015, aims to drive the global expansion of Malaysia's ICT industry and catalyse the interconnection of Silicon Valley and MSC Malaysia's ecosystems to enhance digital transformation.
PARC, a Xerox company, provides custom R&D services, technology, expertise, best practices, and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners.