Â鶹´«Ã½Ó³»­

KUALA LUMPUR, Jan 20 ¨C Â鶹´«Ã½Ó³»­ University has signed a memorandum of understanding with Nets EcoVenture, which among others will see the university receiving a RM1 million research endowment to work on a low carbon initiative.

The MoU was signed between Â鶹´«Ã½Ó³»­ University¡¯s Vice-Chancellor, Professor Datuk Dr Siti Hamisah Tapsir and Nets Group of Companies Director, Teh Leong Sim today at Â鶹´«Ã½Ó³»­ University¡¯s campus here.

The MoU, aside from the endowment, will entail setting up a Â鶹´«Ã½Ó³»­ research excellence centre within the premises of Nets EcoVenture¡¯s Food Farmercy, Agri-foodTech Innovation Hub at Technology Park Malaysia to work on efforts related to the inceptions of eco-innovation products.

¡°It can be expected that both parties, Â鶹´«Ã½Ó³»­ and Nets EcoVenture, will be effective partners in developing research capabilities and training programmes. In the preliminary discussions, Nets EcoVenture has agreed to grant a RM1 million research endowment to enable top researchers from Â鶹´«Ã½Ó³»­, consisting of staff and students, to advance studies particularly in a low carbon initiative,¡± Siti Hamisah said in her speech.

Meanwhile, Nets EcoVenture Chief Executive Officer, Loh Yeah Hui described the MoU ceremony as a ¡°timely event to drive sustainable growth to a new level¡±.

¡°At Nets EcoVenture, we look at producing, educating and creating a sustainable system to address common problems, including that faced by the food banks.

¡°We stand at the beginning of a new decade. With the call for achieving Sustainable Development Goals (SDGs) and circular economy, we started to focus on value co-creation using the consumer-centric approach to create value for all stakeholders particularly the consumer and service provider,¡± she said in her speech.

Nets EcoVenture, formed as a sustainable project development arm of Nets Group of Company, promotes sustainable development and is actively involved in driving environmental management and eco-innovation.