Malaysia is moving quickly forward to become an innovation economy, as Oon Yen Yen and Lim Eng Leong explain.
Innovation generates wealth but wealth is needed to generate innovation. Malaysian innovators are no strangers to this Catch 22 scenario.
Innovation generates wealth but wealth is needed to generate innovation. Malaysian innovators are no strangers to this Catch 22 scenario. As any innovator would attest, the financial hurdles involved in taking an innovation from laboratory to market are not for the fainthearted.
As a nation, Malaysia is briskly moving towards being a knowledge-based economy and its funding infrastructure, within which innovation is so carefully nurtured, is a strong testament to this. Funds have been made available throughout the length of the innovation value chain, from conception to commercial fruit.
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