Boosting growth

  • News
  • Thursday, 26 May 2016

(From left) Dr Mohd Nazlee, CJ Bio chief executive officer John Kang, Green Rubber Petra Group head of public engagement Mujahidin Zulkifli, Madius, Malaysia Debt Ventures corporate services senior vice-president Nizam Mohamed Nadzri, Mosti deputy secretary-general (Science) Prof Madya Dr Ramzah Dambul and BioMalaysia & Asia Pacific Bioeconomy 2016 project director Adnan Baharum.

THE SCIENCE, Technology and Innovation Ministry (Mosti) and Malaysian Biotechnology Corporation (BiotechCorp) will be co-organising the 14th edition the region’s premier biotechnology event which will feature cutting-edge innovations and services in bio-based technologies.

The BioMalaysia & Asia Pacific Bioeconomy 2016 will take place from May 31 to June 2 at Kuala Lumpur Convention Centre.

The theme is “Value Adding Our Economy Through Bio-Based Technologies” .

“This year’s event will focus on strengthening the bioeconomy value chain in the Asia-Pacific region.

“The theme is in line with Mosti’s focus in highlighting bio-based products as a source of new economic growth and enhancing its contribution to the country’s Gross Domestic Product (GDP).

“With an annual growth rate of 15%, the size of Malaysia’s bioeconomy is expected to be worth RM149.1bil in 2020 and is expected to increase to RM181.2bil in 2030,” said Minister Datuk Seri Panglima Madius Tangau.

One of the highlights of the event is the Technology Showcase Pitching, which is a platform for innovative researchers from local universities to pitch their businesses to professionals.

“The pitching sessions provide the opportunity for more companies to acquire-value added technologies developed by local researchers which can have a huge impact on the growth and productivity of the nation.

“As we are currently in the ‘Global Business’ phase of the National Biotechnology Policy (NBP), we want to push the bio-based industry players to continuously commercialise their innovations so they can increase their product exports and remain competitive in the global market.

“As of the third quarter of 2015, BioNexus Status companies have recorded export revenue worth RM594.4mil, an increase of 10% compared to the third quarter of 2014 (RM538.1mil),” said BiotechCorp chief executive officer Datuk Dr Mohd Nazlee Kamal.

The event will also feature the Bioeconomy Innovation Awards, which honour scientists and researchers from universities, research institutions as well as BioNexus Status companies for their outstanding achievements in research and development of bio-based technologies.

Co-organised by BiotechCorp and the Academy of Sciences Malaysia, the awards allow qualifying universities and research institutions to receive Malaysia Research Assessment (MyRA) points from the Higher Education Ministry.

Another feature of BioMalaysia & Asia Pacific Bioeconomy 2016 is the open conference concept whereby talks, business matching, product demonstrations, discussions and sharing of information are held in an open space for exchanging ideas, updates and issues.

The event offers networking opportunities with international and local thought-leaders and decision-makers, the latest scientific and business updates from industry players, and meeting potential partners through business matching programmes.

Other programmes include BioCareer activities, BioLab Asia, BioShoppe showcase and sales as well as presentations and launches of products and services.

BioMalaysia & Asia Pacific Bioeconomy 2016 will occupy three halls and exhibitors are expected from Germany, Thailand, Poland, India, South Africa and Laos.

This year, the event is supported by platinum sponsors CJ CheilJedang (CJ) Bio and Arkema, silver sponsor Biocon and bronze sponsor, Malaysia Debt Ventures (MDV).

BioMalaysia & Asean Bioeconomy 2015 had attracted more than 8,000 visitors with 36 business matchings established.

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