23 June 2024

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Vero AI and Asia Pacific University Launch Pioneering MOU to Boost Startup Ecosystem

4 min read

Vero AI Sdn. Bhd. and Asia Pacific University (APU) have announced a joint venture to enhance the startup ecosystem and foster innovation in the ASEAN region. This collaboration will integrate real-world industrial projects into APU’s Enterprise Startup Ecosystem and deploy smart technologies across educational and industrial platforms. Vero AI, known for its advanced industrial IT resources, will work with APU to create a vibrant startup culture on campus.

The partnership aims to develop smart campus initiatives and support the digital transformation of the economy. This will provide significant opportunities for entrepreneurs and tech innovators. The event was witnessed by TusStar Malaysia, emphasizing the regional significance of this collaboration. Vero AI and APU also invited other regional universities to join the ASEAN startup ecosystem. Their goal is to build a robust and interconnected environment for aspiring entrepreneurs and ensure the region’s leadership in technological innovation and economic growth.

Kuala Lumpur, Malaysia – Vero AI Sdn. Bhd. (“Vero AI”), a leader in AI solutions, and Asia Pacific University Sdn. Bhd. (“APU”), a premier educational institution in Malaysia, is thrilled to announce its groundbreaking joint venture. This collaboration is set to enhance the startup ecosystem and foster innovation across the ASEAN region.

Under the Memorandum of Understanding signed recently, Vero AI and APU have committed to combining their expertise and resources to cultivate a robust environment for startups. The initiative will focus on integrating real-world industrial projects into APU’s Enterprise Startup Ecosystem, enhancing its proprietary technology modules, and deploying smart technologies across educational and industrial platforms.

Vero AI is renowned for its advanced industrial IT resources and ASEAN industry network. APU will contribute by integrating these technologies into their enterprise modules and supporting the creation of a vibrant startup culture on campus.

The joint venture will help develop smart campus initiatives and startup ecosystems by leveraging the strengths of both parties. This partnership aims to enhance the educational experience at APU and create opportunities for entrepreneurs and tech innovators in the ASEAN region.

“We are excited to partner with Asia Pacific University to shape the future of the digital economy in Southeast Asia,” said Koh Chen Tien, co-founder & Chairman of Vero AI. “This collaboration will bring together the best of both worlds – leading AI technology and top-tier educational resources, setting a new standard for innovation and entrepreneurship.”

Prof Ho Chin Kuan, Vice Chancellor of APU, added, “This joint venture with Vero AI represents a significant step forward in our commitment to providing cutting-edge educational experiences that are directly tied to industry needs and future technological landscapes.”

The partnership marks a pivotal moment for both institutions as they drive forward their shared vision for a thriving digital and entrepreneurial ecosystem in Malaysia and beyond.

Ravenna Chen and her team from TusStar Malaysia witnessed the event, highlighting the regional significance of this collaboration. TusStar Malaysia, a prominent startup incubator, expressed its enthusiasm for the joint venture and its potential to drive innovation across ASEAN Universities. They emphasized the importance of such collaborations in building a strong and interconnected startup ecosystem.

On this significant occasion, Vero AI and APU extend an open invitation to other regional universities to join the growing ASEAN startup ecosystem. By uniting educational institutions, industry leaders, and startup incubators, the partnership aims to create a dynamic and supportive environment for aspiring entrepreneurs. This collaborative approach will ensure that the ASEAN region remains at the forefront of technological innovation and digital transformation, driving economic growth and prosperity for all.

“We look forward to collaborating with other universities and stakeholders across the region,” said Prof Ho Chin Kuan. “Together, we can create an unparalleled ecosystem that nurtures innovation, supports startups, and prepares the next generation of tech leaders.”

As Vero AI, APU, and TusStar Malaysia embark on this exciting journey, they are committed to fostering a spirit of collaboration and innovation that will shape the future of the digital economy in Southeast Asia.

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This Press Release has also been published on VRITIMES

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