The Western Australian Government has signed a new Memorandum of Understanding (MoU) with the prestigious INSEAD Business School to connect the state’s ecosystem innovators to global business leaders, and will include a virtual reality case study based on a mining operation.
Western Australian Innovation and ICT Minister, Stephen Dawson, launched the partnership alongside representatives from INSEAD at an event held at Curtin University.
Mr Dawson was joined by two INSEAD student teams from the school’s France and Singapore campuses, who are visiting Perth as part of two summer program teams studying Western Australia’s innovation ecosystem.
Each team will provide a report on their findings of the Western Australian innovation ecosystem at the conclusion of the visit, which will contribute towards learnings for the State Government’s innovation policy.
INSEAD is a non-profit business school and considered one of the most prestigious and largest graduate business schools in the world. It has campuses in France, Singapore, Abu Dhabi and San Francisco, and ranks 6th in the QS World University Rankings Global MBA Rankings.
The objective of the MoU is to showcase Western Australia’s burgeoning innovation community to a global audience through the INSEAD Business School.
Forming part of the MoU, a virtual reality case study based on a Western Australia-based mining operation will be developed in collaboration with the mining industry to highlight virtual business environments, and support automation and robotics in mining along with autonomous vehicle usage.
The MoU is supported through the State Government’s $16.7 million New Industries Fund, which supports the acceleration of new and emerging businesses in Western Australia, to diversify the economy and create new jobs and industries.
Mr Dawson said the State Government was committed to supporting local innovators through these partnerships which “help drive the diversification of our economy and create the jobs of the future for Western Australians”.
“We are proud to be the first jurisdiction in Australia to partner with the internationally acclaimed INSEAD Business School, which has been nurturing pioneers and innovators since its inception in 1967,” Mr Dawson said.
“Western Australia already has a strong connection with INSEAD Business School, with over 50 alumni calling Western Australia home.
“The MoU is an important stepping stone to showcase the state’s burgeoning innovation capability, including facilitating case studies that will promote our mining technology to the world.”
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