On the 15th of April 2022, Innoson Vehicle Manufacturing Company (IVM) signed an MoU with Federal Polytechnic, Nekede, Imo State.Recently, through a Research and Development project funded by TERTFUND, the Polytechnic produced a material suitable for the fabrication of the body of vehicles. The components were sources locally and included bamboo.
IVM will support further development of this material and will be a major off taker if it is suitable for its production lines.
Other key points in MoU include;
1. Establishment of an ultra modern workshop at the institution to improve hands on learning. It will also be a profit centre generating revenue that will ensure sustainability.
2. Exchange programmes for Students Industrial Work Experience as well as Continous Personal Professional Development for the staff.
3. Partnership to source funds for various projects4. Establishment of a payment scheme to enable the staff of the Polytechnic to purchase IVM vehiclesThis partnership will be driven by Innoson Kiara Academy.