(from left to right): Dr Angelina Yee, Professor Graham Kendall, Ray Kyles, Noor Aieda Ahmad, Tan Sri Mustafa Mansur, Tony Collingridge OBE and Tuan Haji Sharudin Jaaffar.
Nottingham MyResearch recently hosted a reception focusing on “Tax efficient ways to invest in R&D”, which was aimed at senior managers, corporate organisations, key public officials, researchers and academia.
Nottingham MyResearch, a MIDA R&D status company, offers partners the opportunity to receive a double taxation benefit when they invest in R&D.
"Nottingham MyResearch is a tax efficient way to invest in R&D, allowing industry partners to access University expertise, not just from our Malaysia campus but also from our other campuses in the UK and Ningbo, China. We provide a one stop shop to offer our partners tax advice, proposal development, project management, assistance with paperwork and business development and growth through R&D investments,” said Professor Graham Kendall, Vice Provost (Research and Knowledge Transfer) and CEO of Nottingham MyResearch.
Noor Aieda Ahmad, Director of R&D and Business Services Division at MIDA (Malaysian Investment Development Authority), said that “2013 was a record year for approved investment of R&D, amounting to RM216.5 billion and 5,669 projects. These investments have created 192,000 jobs. This indicates that Malaysia remains as an ideal location for new investments.”
"Nottingham MyResearch is a timely initiative to support Malaysia’s move towards R&D and
Innovation, as well as showcase British expertise," said Ray Kyles, Acting British High Commissioner in his welcoming speech.
Among the attendees of the event were Tony Collingridge OBE, Director of UK Trade and Investment; Stephen Hill, Deputy Director of UK Trade and Investment; Tan Sri Mustafa Mansur, Chairman of Nottingham MyResearch and Tuan Haji Sharudin Jaaffar, Director of Nottingham MyResearch and Dr Angelina Yee, Director of Industry Collaboration and Operations at Nottingham MyResearch.
The event was jointly organised by British High Commission in Malaysia, the Malaysian Investment Development Authority, British Malaysian Chamber of Commerce and Nottingham MyResearch.
Nottingham MyResearch
Nottingham MyResearch Sdn Bhd, the first company fully owned by a private university that has been awarded MIDA R&D was launched in 2013.
“This is the first time that a company owned by a private university has been granted R&D MIDA status.
The companies have access to world leading researchers and they are able to benefit from the double taxation benefits that an R&D MIDA status company provides. The University is able to work on an exciting variety of real world problems that can inform both their research and teaching,” said Professor Graham Kendall.
Nottingham MyResearch is a fully owned entity of The University of Nottingham in Malaysia Sdn. Bhd (UNiM).
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More information is available from Josephine Dionisappu, PR & Communications Manager on +6 (03) 8924 8746.
Notes to editors: The University of Nottingham has 43,000 students and is ‘the nearest Britain has to a truly global university, with campuses in China and Malaysia modelled on a headquarters that is among the most attractive in Britain’ (Times Good University Guide 2014). It is also the most popular university among graduate employers, the world’s greenest university, and winner of the Times Higher Education Award for ‘Outstanding Contribution to Sustainable Development’. It is ranked in theWorld's Top 75 universities by the QS World University Rankings.
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Posted on 10th June 2014