Malaysia: USM Receives R&D Sponsorship From Australian Company

PUTRAJAYA, Sept 22 (Bernama) — Universiti Sains Malaysia (USM) is the first university in the world to receive a share option worth RM300,000 from an Australian company for research and development (R&D).

Holista Colltech, an Australian Stock Exchange listed company, extended the sponsorship to USM to produce the world’s first halal enzyme production process.

The sponsorship presentation ceremony witnessed by Deputy Prime Minister Tan Sri Muhyiddin Yassin was also attended by Holista Colltech chief executive officer, Datuk Dr M. Rajen and USM Vice-Chancellor Tan Sri Dzulkifli Abdul Razak.

Dr Rajen said the research cooperation with USM was hoped to result in an innovative process to enable plant-based enzymes to produce collagen and halal gelatine.

“We are happy to be able to support the growth of the country’s biotechnology sector and believe that it can further help the industry,” he told reporters.

Holista Colltech is a research-driven biotechnology company that produces first class natural material and health products.