|[June 17, 2014]
Taiwan and Malaysia Collaborate on Leveraging Taiwanese Medical Devices from Innovation to Cash Flows
TAINAN, Taiwan --(Business Wire)--
National Cheng Kung University (NCKU) of Taiwan, alongside five Global
Academia-Industry Alliance (GAIA) members, have signed a Memorandum of
Agreement (MoU) with University of Malaya (UM) and the university's
spin-off company, BioApps Sdn. Bhd. (BioApps-UM) to form collaboration
of innovative research and development (R&D), clinical trials, training
and education, and services in the fields of medical devices and
bioengineering on June 14 at the Grand Hotel in Taipei.
The signing of this MoU will begin a new era in the Taiwanese medical
device industry as it will enter into the Malaysian market, thus opening
a brand new channel for marketing Taiwanese medical devices and
equipment to Asia and the rest of the world.
Moreover, this collaboration not only will help overcome problems faced
by Taiwanese brands in the international market, but also create better
economic benefits and impacts through academic innovation, leading
research and evidence-based clinical trials.
Witnessed by Minister of Economic Affairs (MOEA), Chia-Juch Chang, the
signing ceremony was attended by NCKU President Hwung-Hweng Hwung, UM
President &Vice Chancellor Dato' Mohd. Amin Jalaludin, and Southern
Taiwan Science Park Director General Chun-Wei Chen, representatives of
BioApps-UM and GAIA members including Codent Technical Industry, Taiwan
Caretech Corporation, SportsArt Fitness, Matise Instruments, and 4G
Technology, who acknowledged the agreement as creating a win-win
opportunity for both Malaysia and Taiwan.
According to this agreement, the six Taiwanese medical device
manufacturers will be able to market and sell their products such as
medical equipment and rehabilitation aids to Malaysia through BioApps-UM
under collaborated evidence-based clinical trials and research. Also,
all the parties involved will also collaborate in building world-class
brands and entering the Southeast Asian market.
There will also be future plans to establish and expand collaborative
relationships with key opinion leaders at top university's hospitals in
the world in order to promote and market Taiwanese medical devices to
Southeast Asia, India, Russia and the rest of the world.
NCKU Medical Device Innovation Center (NCKU MDIC), led by NCKU Director
Fong-Chin Su, has chosen Malaysia as the first base of Taiwan's medical
devices mainly because of the close relationships established between
NCKU and many other Southeast and South Asian universities through the
Presidents' Forum of Southeast and South Asia and Taiwan Universities
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