Local higher learning institutions are planning to develop product prototypes to help startups to grow, with the help of leading Japanese electronics firm Panasonic Corporation.
Universiti Teknologi Brunei (UTB) and Universiti Brunei Darussalam (UBD) yesterday signed a letter of intent to explore the possibility of using Panasonic’s patented technology as well as intellectual and technical expertise to develop new products for startups.
Assistant Vice Chancellors of both universities in a press conference said the collaboration is supposed to combine profitable business models, developing potential of universities and Japan’s advanced technology innovate products and make them more competitive.
It also aimed at opening up more research opportunities for students and to create a stronger innovation eco-system in Brunei.
Panasonic and the universities will follow through with the partnership immediately, hoping to find the best course of action to better develop startups and small and medium enterprises (SMEs) in Brunei.
Panasonic Corporation is the major supplier to the intellectual property market, with over 180,000 granted patents and 690,000 patent applications.