KUALA LUMPUR, Sept 2 – BidNow Sdn. Bhd., the operators of Malaysia’s fastest growing bidding platform BidNow, in a recent statement announced their partnership with Universiti Teknologi Malaysia (UTM).
A Memorandum of Understanding (MoU) and Memorandum of Agreement (MoA) was signed by the two parties towards creating opportunities for BidNow and UTM to cooperate and team up in areas of technology, cybersecurity and data science.
The signing was witnessed by Yang Di-Pertua Negeri Pulau Pinang, Tun Dato’ Seri Utama Ahmad Fuzi bin Haji Abdul Razak.
During the event, BidNow’s Chief Executive Officer, Frankie Goh Cheee Keong expressed optimism in the collaboration revealing their upcoming plans of developing tech solutions and platforms for cybersecurity.
With Augmented Reality (AR) and Virtual Reality (VR) technology in the pipeline, he stressed the importance and relevance of cybersecurity in the dawn of Web 3.0 and future-proofing organisations and ensuring their network and data integrity for next generation applications.
This is the first collaboration for UTM on the E-auction/bidding technology platform. The collaboration will be a milestone for both UTM and BidNow for possible commercialisation in the areas of digital sciences and technology. The collaboration will also include other areas such as curriculum design, research, innovation, entrepreneurship and social responsibility.
Products arising as part of the joint collaboration will be jointly promoted and marketed, which will also involve the commercialisation of UTM’s research products. At the same time, the collaboration will also provide employees of BidNow and its subsidiaries enrolment opportunities in UTM degree and non-degree programmes, as well as academic and leadership exchange placements in the university.
UTM’s Vice Chancellor, Prof. Datuk Ts. Dr. Ahmad Fauzi lauded the collaboration, stating that with UTM’s recent profound research, especially in Web 3.0 and cybersecurity they “look forward to using this to provide robust solutions for BidNow, while collaborating on real-world research, not only for the university’s betterment, but that of BidNow and humanity at large.”
Edited by Melissa Duis