Bpifrance, PlaTCOM seal col­lab­o­ra­tion

New Straits Times - - Business -

KUALA LUMPUR: The FrenchMalaysia In­no­va­tion Chal­lenge 2017 will be launched on April 19 to pro­mote col­lab­o­ra­tion among star­tups of both coun­tries.

The call for pro­posal is one of the ini­tia­tives un­der a mem­o­ran­dum of un­der­stand­ing (MoU) signed yes­ter­day be­tween Bpifrance and PlaTCOM Ven­tures Sdn Bhd, a sub­sidiary of Agensi Ino­vasi Malaysia (AIM).

“The goal of this chal­lenge is to co­or­di­nate fi­nanc­ing in such a way that com­pa­nies from Malaysia and France can work col­lab­o­ra­tively and, upon suc­cess­ful match­ing through an on­line plat­form, sub­mit joint ap­pli­ca­tions.

“This would be re­viewed by Bpifrance and PlaTCOM Ven­tures in a co­or­di­nated, but in­de­pen­dent man­ner. The col­lab­o­ra­tive projects should in­clude el­e­ments of de­vel­op­ment of in­no­va­tive pro­cesses, prod­ucts or ser­vices,” said AIM in a state­ment.

PlaTCOM Ven­tures chief ex­ec­u­tive of­fi­cer Dr Vi­raj Per­era said both par­ties would drive and fa­cil­i­tate in­no­va­tion in their re­spec­tive economies.

“As the na­tional tech­nol­ogy com­mer­cial­i­sa­tion plat­form of Malaysia un­der the purview of the AIM Gov­er­nance Coun­cil, PlaTCOM Ven­tures is well­po­si­tioned to take up this na­tional level ini­tia­tive to­gether with Bpifrance — a ma­jor in­vest­ment bank in Europe,” he added.

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