Malaysia: Malaysia realizes biotechnology potential
Timothy Siaw of Shearn Delamore & Co looks at how Malaysia intends to establish itself as a global leader in biotechnology
Malaysia has identified biotechnology as a key technology to
drive and support its evolution into a knowledge-based economy.
It is ready to learn from and emulate the best biotechnology
R&D and industry practices and has set its sights on
doubling the number of its biotechnology and
biotechnology-related companies to 400 by 2010.
The National Biotechnology Policy
The National Biotechnology Policy was launched in 2005 to
provide a comprehensive and coherent framework to guide the
development of biotechnology in Malaysia. The Biotechnology
Policy's main aims are to develop human resources to meet the
industry's skills needs, and to nurture entrepreneurship and
the development of niches in agriculture biotechnology,
healthcare biotechnology, industrial biotechnology and
The Biotechnology Policy provides a comprehensive framework
for legal, regulatory and institutional changes. It also
provides fiscal and financial incentives to foster innovation
and investment in biotechnology in Malaysia.
The Malaysian Biotechnology Corporation The Malaysian
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