[Translation of news release in Japanese]
A2A Town (Cambodia) Co., Ltd. (Headquarters: Phnom Penh, Cambodia; President: Takeshi Izuka; hereinafter "A2A") is pleased to announce that they have concluded an agreement for Works Applications Co., Ltd. (Headquarters: Minato-ku, Tokyo; Executive Director and Chief Executive Officer: Masayuki Makino; hereinafter "WAP") to be the first company to sponsor scholarships at the Kirirom Institute of Technology, operated by A2A.
WAP is a sponsor of Cambodia's Silicon Valley
A2A is a company engaged in urban development and education revitalization in Cambodia with the full support of the government. Cambodia’s education system collapsed in the late 1970s under the then dictatorial government and its revival has made progress with the support from various countries. A2A received approval from the Council for the Development of Cambodia and launched "vKirirom Project", an IT urban construction project aimed at raising the level of education and establishing the economic infrastructure of Cambodia. As part of this project, A2A established "vKirirom", a highland resort fully equipped with IT infrastructure such as access to the internet, was opened in 2012. After which, A2A founded the Kirirom Institute of Technology (hereinafter "KIT"), a boarding school for teaching state-of-the-art technology, in 2014. In doing so, A2A aims to build the foundation in creating Cambodia's Silicon Valley, accelerating Cambodia's economic growth by promoting the utilization of IT. Which is widely recognized as an enabler for multiple industries globally. In the creation of Cambodia’s Silicon Valley, A2A hopes to promote a virtuous cycle in attracting and fostering Asian talent as well as global companies, creating new businesses and as employment opportunities in Cambodia.
Aspiring to be a global technology company, WAP has been expanding our activities in India, Singapore, China, and ASEAN countries, supporting the development of talented innovative people in Asia. As part of these efforts, we have decided to become the first sponsor of scholarships at the Kirirom Institute of Technology, in the hope of accelerating the creation of Cambodia’s Silicon Valley.
Takeshi Izuka, concurrent President of Kirirom Institute of Technology and President of A2A Town (Cambodia) Co., Ltd.
“Silicon Valley has succeeded in attracting talented people from all over the world and creating a brand for itself, by attracting businesses as well as research institutes to the campus of famous universities such as Stanford University. In doing so, it has raised the level of education, nurtured many talented entrepreneurs while stimulating investments, in the region. In creating Cambodia’s Silicon Valley, we hope to develop an academic resort city that will provide sightseeing and education services within the Cambodian Kirirom national park. This city aims to attract 1.5 million tourists annually providing employment opportunities to people. Located in the city, KIT aims to become Cambodia’s top university, and provide top-class education to talented people, accelerating Cambodia’s growth into an economic powerhouse. In vKirikom, KIT students installed internet infrastructure across a distance of 30km despite the mountainous terrain. The majority of the world's population comes from emerging countries. At KIT, we will not only teach but cultivate future emerging country leaders, who are self-motivated in driving the growth of their countries.”
About Kirirom Institute of Technology (KIT), where state-of-the-art technology can be studied
KIT is a university located in Kirirom, Cambodia that cultivates globally competitive IT professionals. KIT provides and maintains a high level of education standard, by only accepting students who passed the entrance examinations, as well as the interim one-month as well as 6-month post-enrollment examinations. All classes are conducted in English, and contribute to an applied learning curriculum boasted by industryuniversity collaborations as well as smart learning. In addition, KIT strives to nurtured talent with high practical skills and innovative ideas, through a comprehensive internship program of up to 5,000 hours. KIT employs a business model in which all student tuition and living expenses are paid by corporate sponsors keen to hire talented IT engineering personnel. This helps to provide educational opportunities to talented people regardless of their family background as well as financial capacities. KIT hopes to increase the number of sponsor companies, and provide education opportunities to 10,000 students by 2025, which is 100 times the existing number.
About KIT Scholarship Sponsorships
The sponsor company provides scholarships that pay for the students’ educational expenses (1.3 million to 2 million yen/student) over 4 years. In exchange, the students will need to work for the sponsor company for 4 years after graduation. To enable a ‘soft landing’ into the sponsor company, the students first undergo matching with the sponsor company in their third year and later undertake an internship program at the sponsor company in their fourth year. KIT provides education and employment opportunities for Cambodia's talented people, and strives to nurture future emerging country leaders who can make a difference to our world.