R&D? Creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of knowledge to devise new applications" Techniques that involve science, technology and mathematics. R&D has a special economic significance apart from its conventional association with scientific and technological development. R&D investment generally reflects a governments or organizations willingness to forgo current operations or profit to improve future performance or returns, and its abilities to conduct research and development.
BIOTECHNOLOGY? Malaysia aspires to be a biotechnology hub and this is clearly spelled out in the National Biotechnology Policy that was launched on the 28th April 2005. The policy envisions that biotechnology will be a new economic engine for Malaysia, enhancing the nation’s prosperity and well-being. Among the type of biotechnology in Malaysia are Agricultural Biotechnology, Food Biotechnology and Medical Biotechnology.
FOREIGN TECHNOLOGY TRANSFER? The process of sharing of skills, knowledge, technologies, methods of manufacturing, samples of manufacturing and facilities among governments and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials or services. (Hargadon, Andrew, 2003)
Funding Seed Fund Seed or start-up fund with maximum amount of up to RM2.5 million for bio-entrepreneurs at the beginning stage of setting up business or companies R&D Matching Fund Matching fund with maximum amount of RM1 million to assist biotechnology companies execute research & development (R&D) projects
Malaysian Technology Development Corporation (MTDC) MTDC offers 3 type of funds for Biotechnology Industry which includes Non-ICT Venture Fund, Technology Acquisition Fund (TAF) & Commercialization of R&D Fund (CRDF) SME Bank ‘Program Usahawan Bioteknologi’ is one of the initiative provided by SME Bank for small & medium enterprises to accelerate their business growth in Biotechnology Industry
Expertise/resources/agencies Malaysia Technology Development Corporation BIOTECH CORP Malaysia Biotechnology Information Centre (MBIC) Malaysian Industrial Development Authority (MIDA) Forest Research Institute of Malaysia (FRIM) MARDI MPOB MRB Higher Learning Institution: Apex University
Intelectual property SIRIM BHD Full ranger of IP services: patent information services, opinion writing and patent drafting. Rapid prototyping services Product testing and certification Technology incubator services
Collaborations Massachusetts Institute of Technology (MIT), USA National Cancer Institute, USA Medichem Research of Lemont, Illinois, USA Nimura Genetic Solutions, Japan Functional Food Creation Research Institute Co. Ltd., Japan Cambridge University, UK Centre for Genetic Engineering and Biotechnology, Cuba (CIBG)
Advantage of R&D in Biotechnology Biotechnology Industrial Development Lead to Human Capital Development Financial Infrastructure Development that will lead to future Strategic positioning economic growth that contribute to competitive advantages Engaging professional participation
ADVANTAGE OF R&D IN BIOTECHNOLOGY Biotechnology Industrial Development -Transform and enhance the value creation of the sector. -Able to bring together multidisciplinary research teams to accommodate co-ordinate research and commercialization initiatives. -It also accelerates technology development via strategic acquisitions. Lead to Human Capital Development -Potentially building our nation’s biotech human resource capability and talent that is in line with market needs through special schemes, programmes and training. Strategic positioning that contribute to competitive advantages -Ability to establish a global marketing strategy in the effort to build recognition for Malaysian biotech and benchmark progress. -Establish our country as a centre for Contract Research Organizations and Contract Manufacturing Organizations
Engaging professional participation Broadening the scope of R&D exploration by engaging commitment of a dedicated and professional agencies that overseeing the development of Malaysia’s biotech industry. This will increase the opportunities for a high quality result. Financial Infrastructure Development that will lead to future economic growth New investment area in R&D by stimulating funding and incentives to promote committed participation by the private sector as well as government-linked companies.
CONCLUSION Malaysia has identified biotechnology to be the new engine of growth for the country and with its rich biodiversity and cost-competitive skilled labor markets combined with good transportation and ICT infrastructure as well as strong support in R&D. Biotechnology as a key driver of growth for Malaysia and is expected to generate RM270 billion in revenue for the country by 2020. With adequate funding,expertise,R&D Resources & Infrastucture,we believe that investment in R&D is better option than having a foreign technology transfer.