CYBERJAYA: Prestariang Education Sdn Bhd's (PESB) latest venture, Universiti Malaysia of Computer Science And Engineering (UniMy), is a boutique university set up to complement its existing core business of training and certification for the information and communications technology (ICT) and oil and gas sectors.

The university is partnering with the University of Melbourne, Australia, and industry players Huawei Sdn Bhd, Autodesk Asia Pte Ltd and Multimedia Development Corp Sdn Bhd to deliver a syllabus that will fulfil local industry needs.

“We felt that ICT graduates were unable to apply themselves at work. The Cabinet agreed that we would be responsible for raising a new generation of niche workers,” Higher Education Minister Datuk Seri Khaled Nordin told a press conference following the university's opening ceremony.

Three hundred registrants are expected in the first intake this May, and 10,000 by the year 2020.

Prestariang Bhd CEO Dr Abu Hasan Ismail explained that tertiary arm PESB would bring in a sustainable revenue stream to nourish the group's businesses.

Collaborations with industry giants IBM Malaysia Sdn Bhd, Microsoft Malaysia Sdn Bhd, Dell Sales Malaysia Sdn Bhd and the International Council of E-Commerce are also in place, so as to enhance students' learning, leading to internship placements in these companies.

“These partners are not paid. We have a mutual relationship with equal gains to both parties now and in the long run,” Abu Hasan said.

“Our graduates will be able to find work quickly.”

By 2016, UniMy is expected to contribute 25%-30% in net profits towards PESB, and 40% towards the group's forecast revenue of RM100mil.

The university is the first and only one in the country to integrate student development activities with technology partners.

The new entity, designed to mirror Prestariang's asset-light business model, will operate from the Malaysia Global Centre in Cyberjaya at the moment. A new campus, with a capacity for 3,000 students and costing approximately RM200mil, is marked for completion by 2016.

“UniMy is a part of the MSC ecosystem that contributes significantly to the nation's Digital Malaysia initiative. Anyone who gets a place in UniMy will be fully sponsored based on meritocracy, as we want the best brains in the nation,” Abu Hasan said.

The average fee per student is RM30,000 per annum.

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