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TEAM on New Economic Model

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  • 1. NEW ECONOMIC MODEL AND ITS IMPACT ON ICT, BIOTECH & GREEN INDUSTRIES 29 th April 2010 Dialogue session
  • 2. TeAM Profile Professional Development
    • EXCO MEMBERS:
      • President: Ms. Koh Lee Ching
      • Deputy President I: Dato’ Dr. Rajen M.
      • Deputy President II: En. Nazrin Hassan
      • Hon. Secretary: Mr. Premesh Chandran
      • Hon. Treasurer: Mr. Daniel Cerventus
    Community Development Think Tank & Voice for local Technopreneurs Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 3. Technopreneurs Association of Malaysia 2010. All Rights Reserved. TeAM’s representation in various government committees MAJLIS INOVASI NEGARA (NIC) JAWATANKUASA TINDAKAN PENYELARASAN INOVASI NEGARA (JTPIN) J/KUASA KECIL TEKNOLOGI MOSTI J/KUASA KECIL PEMBIAYAAN MOF J/KUASA KECIL SME/TEKNOPRENEUR SMIDEC NATIONAL IT COUNCIL (NITC) GOVERNMENT GRANT APPROVAL COMMITTEES MDeC Pre-Seed; MDeC MGS; Cradle
  • 4.
    • Highlights of sections in New Economic Model that affect ICT, Biotech & Green industries
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 5. 2.2.2 Doing business in Malaysia is still too difficult
    • “… The country is becoming less attractive as an investment destination. Institutional structures, processes and policies also contribute to the difficulty of doing business in Malaysia. Furthermore, entrepreneurs have identified issues such as inconsistent government policies, corruption, tax regime, labour policy and inflation as the main impediments for establishing businesses in Malaysia.”
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 6. 3.3 Malaysia should lead the global green revolution
    • "Malaysia should embrace a leadership role in green technology and become a strategic niche player in high value green industries and services that play to our competitive advantages. The commercialisation of our natural biodiversity into high-value products and services will be a major national challenge. But it is also an excellent avenue for partnership between the private and the public sectors."
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 7. 5.5.5 Attracting technologically capable firms
    • "The focus for the government in the future should be on developing a supportive environment for innovation and risk-taking and providing firms the opportunities to develop higher valued products for new markets."
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 8. 6.3.3 SRI 3: Creating a competitive domestic economy
    • Subsidies, price controls and a myriad of distortion-creating incentives will be phased out.
    • Build entrepreneurship
    • - Revamp the seed and venture capital funds to support budding entrepreneurs
    • - Simplify bankruptcy laws pertaining to companies and individuals to promote vibrant entrepreneurship
    • - Provide financial and technical support for SMEs and micro businesses, to move them up the value chain
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 9. 6.3.5 SRI 5: Transparent and market-friendly affirmative action
    • Create market friendly affirmative action
    • - Use transparent procedures and criteria
    • - Use affirmative action as a means to promote building of capacity and capability
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 10. 6.3.6 SRI 6: Building the knowledge base and infrastructure
    • Create an ecosystem for entrepreneurship
    • - Easing entry and exit of firms as well as high skilled workers
    • - Revamp the seed and venture capital funds to support budding entrepreneurs
    • - Simplify bankruptcy laws pertaining to companies and individuals to promote vibrant entrepreneurship
    • - Harness Web-based expertise and industry networks
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 11. 6.3.6 SRI 6: Building the knowledge base and infrastructure (continued)
    • Promote an environment for innovation
    • - Improve access to specialised skills
    • - Ensure protection of intellectual property rights
    • - Incentivise firms to embrace technology and move up the value chain
    • - Enforce strict adherence to global standards and benchmarks
    • - Fostering R&D links between the institutions of higher learning and the private sector
    • - Align R&D to national growth objectives particularly in innovative and hi-tech fields
    • - Open access to funding to competition among researchers
    • - Ensure public procurement supports local innovation
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 12. 6.3.8 SRI 8: Ensuring sustainability of growth
    • Facilitate bank lending and financing for ‘green investment’
    • - Develop banking capacity to assess credit approvals for green investment using non-collateral based criteria
    • - Support green technology investment with greater emphasis on venture capital funds
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 13. Appendix 3: Targeted actions needed for promoting microenterprises and SMEs
    • Small segments:
    • - Current situation: Need for incubation, Lack access to financing, Lack entrepreneurial skills, Poor management/marketing skills, Low networking presence, Poor ICT usage
    • - Possible approach: Provide office space, Skills development, including financial training, Credit guarantee schemes, Schemes to help raise productivity through upgrading, Linkages and exposure to opportunities with local firms and MNCs through effective networking
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.
  • 14. Appendix 3: Targeted actions needed for promoting microenterprises and SMEs (continued)
    • Medium segments:
    • - Current situation: Need training, Need capacity building, Not fully exploiting ICT, Poor growth strategies, Lack financing, Low technology, Low networking
    • - Possible approach: Skills training, Build inter-firm linkages, especially with large firms, to provide opportunities for market and product expansion, Encourage adoption of ICT applications, Encourage more technology, innovation and R&D
    Technopreneurs Association of Malaysia 2010. All Rights Reserved.