KUALA LUMPUR: Malaysian Institute of Economic Research (Mier) has teamed up with AdvanceTC Group Sdn Bhd to promote the development of leapfrog technologies to transform the domestic economy including Malaysian Vision Valley.
AdvanceTC Group is a system integrator that provides IoT solutions in the area of mobile telecommunications devices particularly in relation to space and satellite technology.
Mier recently signed a memorandum of understanding (MoU) with AdvanceTC Group to be the latter's business development, investment and financial consultant for various projects.
The projects include satellite-enabled mobile Android communication devices for data and messaging services, artificial intelligent (AI) enhanced and digital mobile radio (DMR) enabled mobile satellite communication devices and next generation VSAT and terminals for different satellite carriers.
Mier will also undertake independent and high quality problem-oriented research on economic, financial and business issues facing the country, and provide advice on macroeconomic management, development and future economic perspectives.
Mier said the collaboration would serve as a bridge between the government, private sector and universities, and become a focal point for economic, financial and business research in the country.
This will also allow an undertaking of economic research projects commissioned by clients in the public and private sectors, collaborating with other research institutes, at home and abroad, on topics of relevance to the country.
"As part of the MoU, Mier will identify and recommend strategic partners for AdvanceTC, conduct feasibility studies and subsequent joint-development of the projects.
"Whereas, AdvanceTC will also jointly develop with the Mier environment and facilities that are conducive to innovation such as Innovation Hubs with Green Technologies," it added.