KUALA LUMPUR: A total of 33 projects under the initial Innovation Business Opportunities (IBO) initiatives are expected to rake in RM1.58 billion in revenue over the next three years, says Prime Minister Datuk Seri Najib Tun Razak.
Announcing the results of the Phase 1 of IBO and other strategic wealth creation initiatives at the Parliament on Tuesday, he said that out of the 42 initial IBOs offered via transparent competitive bidding, 15 had been taken up by industry partners for commercialisation, while 18 others were in different stages of negotiations.
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