THE first company to be fully owned by a private university, Nottingham MyResearch Sdn Bhd, has been awarded R&D Malaysian Investment Development Authority (Mida) status.
At the event, a signing ceremony of the first MyResearch contract with Havys Oil Mill Sdn Bhd was also held.
The project will look at an integrated-aerobic bioreactor system for the treatment of palm oil mill effluent and co-digestion with underutilised crop biomass waste.
“This is the first time that a company owned by a private university has been granted R&D Mida status. We are grateful to Mida for affording us this exciting opportunity,” said MyResearch chief executive officer Prof Graham Kendall.
He said this was only the beginning as they were looking forward to working with a wide range of companies.
“The companies have access to world leading researchers and they are able to benefit from the double taxation benefits that an R&D Mida company provides,” said Prof Kendall.
He added that in return, the university would be able to work on a variety of real-world problems that could assist in their research and teaching.
MyResearch serves as a body to connect the business community with researchers at the University of Nottingham, both at its Malaysia campus as well as its campuses in the United Kingdom and China.
The launch was marked by a number of keynote talks by MyResearch board member and University of Nottingham Malaysia Campus (UNMC) chief executive officer and provost Prof Christine Ennew, Mida R&D Design Division senior deputy director Manjit Kaur Balkar Singh and Prof Kendall.
Prof Ennew congratulated MyResearch’s board members and management team, stating that university research offers many opportunities for business, whether through the commercialisation of innovations or the development of solutions to business problems.
Also present at the launch were My-Research chairman Tan Sri Mustafa Mansor; board members Sharuddin Jaafar, Chow Kok Choy and Prof Sayed Azam-Ali; MyResearch alternate board member and the university’s Asia Business Centre head Jason Feehily; MyResearch Operations director Dr Angelina Yee and MyResearch business development manager Fion Fah.