TOKYO--(BUSINESS WIRE)--IP Bridge, a management company of Japan’s first and the largest IP dedicated fund of approximately US$300M mainly supported by Japanese sovereign fund, Innovation Network Corporation of Japan and The Malaysia Digital Economy Corporation (MDEC), an agency under the Ministry of Communications and Multimedia Malaysia, signed a collaboration agreement today, to enable Malaysian tech companies to leverage on Japan’s vast research & development field for creating innovations in technology as well as entering the Japanese market.
The MoU will see both countries jointly collaborating in promoting development of new intellectual properties towards innovative technologies. IP Bridge is allocating its Intellectual Property resources to invest in tech companies around ASEAN nations including Malaysia, Singapore, Thailand and Indonesia with the goal to bring the companies to do business in Japan. The push for innovation, particularly in areas such as Internet of Things, Cloud, Big Data Analytics, Cybersecurity, e-Commerce and Fintech in addition to artificial intelligence, will benefit both countries in advancing the IT industry within the region. It will also facilitate the implementation of joint projects on research and development, as well as innovations in respect to sustainable smart society development and technologies.
Speaking at the event, Dato’ Ng Wan Peng, Chief Operating Officer of MDEC said, "As Malaysia continues to embrace Digital Economy, it is becoming increasingly important for us to collaborate with other pioneers in this sector to further push the boundaries of innovation.
Shigeharu Yoshii, CEO and president of IP Bridge added, "IP Bridge has been expanding its network globally with its initial focus on ASEAN nations, including Malaysia and we are extremely excited working with MDEC. Now, innovative ICT technologies are developing regardless of countries. We can see a lot of opportunities among ICT related countries including Malaysia and Japan. We are sure that this joint work by MDEC & IP Bridge will accelerate the sustainable growth of ICT industries in the both countries and the world.”