KUALA LUMPUR, Aug 12 — The Science, Technology and Innovation Ministry (Mosti) is developing the Malaysia Innovation Index to support the need for planning and interventions to improve innovation at the state level.
Minister Chang Lih Kang said the initiative will further contribute to the country’s performance on the Global Innovation Index (GII).
“The monitoring of such key performance indicators and initiatives will encourage all parties, not only at the government level, but also at the industry and academia levels.
“The involvement of the public is also important in terms of performing their respective roles to contribute to improving the country’s position in the GII ranking so Malaysia can stand on a par with other developed countries,” he said during the Malaysian Commercialisation Year Summit here today.
Mosti is also introducing a new initiative, the “Commercialisation Single Access”, a one-stop integrated database of existing research results, he said.
Chang said the initiative will simplify and expedite operations, improving the impact of commercialisation activities by agencies under the ministry.
In addition, he said, Mosti has developed six policies and 12 roadmaps to ensure the country’s technological sovereignty will provide a strong economic foundation based on high-growth, high-value products and technological chains.
“Based on the policy and roadmap launched, the estimated contribution of STIE (science, technology, innovation and economy) strategic sectors to the national and global gross domestic product stands at RM9.21 trillion by 2030,” he added.
— Bernama
