IP Connect To Promote Environment Of Innovation, Says MDeC
- By Online News Source
- Published 1 April 2010
- General
- Unrated
Source: Bernama
Multimedia Development Corporation (MDeC) today launched IP Connect as a step towards promoting an environment for innovation in Malaysia as outlined in the New Economic Model.
Its chief executive officer Datuk Badlisham Ghazali said IP Connect will provide a platform for institutions of higher learning and research institutes to increase technology transfer while developing commercial opportunities for all parties.
"Through greater collaboration between the institutions, research institutes and MSC Malaysia-status companies, we will be able to attract higher levels of venture capital support for the commercialisation of new and innovative products and services," he said.
In 2009, Malaysia was granted 60.1 patents for every 1,000 researchers in the country.
This ratio of productivity compared favourably to those of better-known centres of innovation like Singapore, France and Germany, Badlisham said.
"However, while Malaysia has a sure footing in research and development (R&D), we are presently only investing 0.6 per cent of our gross domestic product (GDP) into R&D," he said.
According to him, this figure is low compared to 2.4 per cent of GDP invested by Taiwan and 3.5 per cent of GDP invested by South Korea.
MDeC drives the MSC Malaysia National ICT (information and communications technology) Initiative. IP Connect will further complement the MSC Malaysia's Capability Development Programme that provides assistance to local companies to enhance their capability and global competitiveness.
Under the Ninth Malaysia Plan and through the MSC Malaysia Research and Development Grant Scheme, MDeC has provided RM78.1 million of funding to 66 MSC Malaysia-status companies.
It has also started the research-industry attachment programme with the aim of establishing working partnerships between researchers and MSC Malaysia-status companies to improve their all-round R&D competencies.
The pilot project currently underway was showing promising results, Badlisham said.
Multimedia Development Corporation (MDeC) today launched IP Connect as a step towards promoting an environment for innovation in Malaysia as outlined in the New Economic Model.
Its chief executive officer Datuk Badlisham Ghazali said IP Connect will provide a platform for institutions of higher learning and research institutes to increase technology transfer while developing commercial opportunities for all parties.
"Through greater collaboration between the institutions, research institutes and MSC Malaysia-status companies, we will be able to attract higher levels of venture capital support for the commercialisation of new and innovative products and services," he said.
In 2009, Malaysia was granted 60.1 patents for every 1,000 researchers in the country.
This ratio of productivity compared favourably to those of better-known centres of innovation like Singapore, France and Germany, Badlisham said.
"However, while Malaysia has a sure footing in research and development (R&D), we are presently only investing 0.6 per cent of our gross domestic product (GDP) into R&D," he said.
According to him, this figure is low compared to 2.4 per cent of GDP invested by Taiwan and 3.5 per cent of GDP invested by South Korea.
MDeC drives the MSC Malaysia National ICT (information and communications technology) Initiative. IP Connect will further complement the MSC Malaysia's Capability Development Programme that provides assistance to local companies to enhance their capability and global competitiveness.
Under the Ninth Malaysia Plan and through the MSC Malaysia Research and Development Grant Scheme, MDeC has provided RM78.1 million of funding to 66 MSC Malaysia-status companies.
It has also started the research-industry attachment programme with the aim of establishing working partnerships between researchers and MSC Malaysia-status companies to improve their all-round R&D competencies.
The pilot project currently underway was showing promising results, Badlisham said.
