GEORGE TOWN: Science Technology and Innovation Ministry (Mosti) plans to form its own company or plant to commercialise local innovations to gain acceptance.
Deputy Minister Datuk Dr Abu Bakar Mohamad Diah said he would be tabling a paper for this purpose as many innovations had not received support locally although commercialised.
"I am very happy with the culture of innovation in the country, even if the use of local products arising from it is low, alongside sales.
"To assist the local innovators, I am proposing to the Mosti Minister that we take over the task of commercialising the products to provide the confidence for people to use it," he added.
He told reporters this after officiating an international conference on "Recent Advances in Material, Mineral and Environment", organised by Universiti Sains Malaysia here on Thursday.
Meanwhile, Abu Bakar said Mosti aims to produce up to 360 high impact products by 2020.
"To achieve this target, Malaysia needs to produce at least 60 such products annually," he said. "To date, 63 innovative products have been produced, and I hope the target can be achieved based on the nation's strong innovative culture."
He said that to-date the Government had given out RM924mil as research grants under the 10th Malaysia Plan, with 1,712 projects approved. - Bernama
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