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 bioinformatics.
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 Biotechnology Corporation...
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