The signing, witnessed by Yang Di-Pertua Negeri Pulau Pinang, is set to have real-world implications in areas of technology, cybersecurity and data science
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| (From L-R): Frankie Goh Chee Keong, Chief Executive Officer of BidNow; Yang Di-Pertua Negeri Pulau Pinang, Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi bin Haji Abdul Razak; Professor Datuk Ts. Dr. Ahmad Fauzi Ismail, Vice Chancellor of UTM; Dato Seri (Dr) Mohamed Azahari bin Mohamed Kamil, Corporate Advisor of BidNow at the signing ceremony. |
BidNow Sdn. Bhd., the operators of BidNow, Malaysia’s fastest growing bidding platform, signed a Memorandum of Understanding (MoU) and Memorandum of Agreement (MoA) with Universiti Teknologi Malaysia (UTM) that was witnessed by Yang Di-Pertua Negeri Pulau Pinang, TYT Tun Dato’ Seri Utama Ahmad Fuzi bin Haji Abdul Razak, which will see the cooperation and collaboration between the two entities in areas of technology, cybersecurity and data science.
“We are pleased to be entering into this agreement with UTM. Evidently, this is a far-reaching and enterprising joint collaboration between both BidNow and UTM that will start with developing tech solutions and platforms concerning cybersecurity. This includes Augmented Reality (AR) and Virtual Reality (VR) technology, Web 3.0 technology as well as areas pertaining to Data Analysis and Data Science,” said Frankie Goh Chee Keong, Chief Executive Officer of BidNow.
“Cybersecurity issues are quickly becoming a topic of concern for most tech-oriented organisations, even as we move into the age of Web 3.0, which involves up-and-coming technology such as AR and VR. With this in mind, the issue of cybersecurity becomes paramount, making the bigger picture even more complex as we try to ensure our networks and data are safe for future applications,” he explained.
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| (From L-R): Yang Di-Pertua Negeri Pulau Pinang, Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi bin Haji Abdul Razak and Dato Seri (Dr) Mohamed Azahari bin Mohamed Kamil, Corporate Advisor of BidNow witnessed the signing of MoA and MoU between Frankie Goh Chee Keong, Chief Executive Officer of BidNow and Professor Datuk Ts. Dr. Ahmad Fauzi Ismail, Vice Chancellor of UTM. |
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. Conversely, UTM academicians and students will have opportunities for industry placements as well as internships and training at BidNow and its subsidiaries.
In this regard, he said the collaboration with UTM would provide the ideal platform to address crucial issues while enabling the university to leave an even bigger footprint in the real-world.
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| (From L-R): Chris Yong, Chief Marketing Officer of BidNow; Ben Rongen, Director of Nanhai Marine Archeaology; Frankie Goh Chee Keong, Chief Executive Officer of BidNow; Yang Di-Pertua Negeri Pulau Pinang, Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi bin Haji Abdul Razak; Prof. Datuk Ts. Dr. Ahmad Fauzi, Vice Chancellor of UTM and Dato Seri (Dr) Mohamed Azahari bin Mohamed Kamil, Corporate Advisor of BidNow at the signing ceremony. |
Speaking on behalf of UTM, Prof. Datuk Ts. Dr. Ahmad Fauzi said, “We certainly look forward to this collaboration, to which our expertise and research can immensely contribute. We have in recently conducted profound research, especially in the areas of Web 3.0 as well as cybersecurity and 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. In this regard, we would like to extend our heartfelt thanks and appreciation to BidNow for this opportunity for us to collaborate with one of the country’s leading and fastest-growing tech platforms.”
