Whither finance for innovation?

THE New Economic Model (NEM) characterises Malaysia in 2020 as market-led, entrepreneurial and innovative. A deliberate move towards a more competitive society, dedicated to value-adding to achieve high-incomes. A year ago, I wrote in this column: “The centrepiece to promote recovery and quality growth during hard times is to drive innovation.”

The key element here being the Government’s will to make some fundamental changes, including “a stubborn resolve to change mindsets in order to instil and build (and effectively put on the ground) a creative and innovative culture, and a national entrepreneurial spirit.”