Photo - (From left) Jim Cook, Director, ASU Entrepreneur & Innovation Group, Arizona State University; Dato' Ramli Abbas, Chairman of Plug & Play Technology Holdings (signatory witness); Penny Pritzker, US Honourable Secretary of Commerce (witness); Shahril Anwar Mohd Yunos, Director Plug & Play Technology Holdings; and Rizal Alwani, CEO Locomo Sdn Bhd.
A tripartite agreement between Malaysian firms Plug & Play Technology Holdings, Locomo and USA's Arizona State University will result in a new launchpad for Malaysian entrepreneurs called the 'Rapid Startup School' programme.
Under the memorandum of understanding, which was signed at the Kuala Lumpur Convention Centre during the recent 4th Global Entrepreneurship Summit (GES) 2013, the Rapid Startup School initiative will support Malaysian innovation and the industry by helping entrepreneurs focus on rapid customer development.
According to a statement by Plug & Play Technology Holdings (P&P), the Arizona State University (ASU) Rapid Startup School has developed more than 300 entrepreneurs who have successfully penetrated global markets and generated sales of more than US$$460 million for the Greater Phoenix area.
The statement added that the Rapid Startup School is targeted to create an eco-system programme comprising hard and soft skills to help entrepreneurs develop their ideas to the commercialisation stage.
In addition, Plug & Play Acceleration services provide a unique and localised approach for the Malaysian environment to global penetration. The Rapid Startup School is part of the company's support of the Malaysian government's efforts to guide Malaysian entrepreneurs and small and medium enterprises into the global market.
Plug & Play Technology (P&P) was initially set up by Kumpulan Modal Perdana (KMP) to manage Plug & Play Technology Gardens.
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