Formation of startups and new companies
Commercial exploitation of science, technology, and novelty
System of laws, regulations, strategies, and funding priorities
Discovery and creation of new knowledge of the natural world
Technological Advancements in the world.
On May 17, 2011 the inaugural meeting of the Global Science and Innovation Advisory Council (GSIAC) for Malaysia was chaired by Prime Minister Najib Razak at the premises of the New York Academy of Sciences (NYAS).
A brainchild of the Prime Minister, the GSIAC was mooted arising from Malaysia’s positive experiences in utilizing expert advice from the private sector and academia to shape her socio-economic development plans. What is unique for the GSIAC is the depth and breadth of its membership which is both multidisciplinary and multisectoral in nature.
The council includes 25 renowned international figures of economics, business, science and technology volunteering to help Malaysians achieve an average income level of $15,000 in an environmentally-sustainable way helping, in other words, to light the nation’s path to a green, high-income economy.
A developed country is popularly considered to have an average national per capita income of $15,000 or more. Other definitions combine national income with additional measures such as life expectancy (in Malaysia’s case, 73.5 years) and education (literacy rate in Malaysia: 88.7% of its 28 million people). Regardless of the criteria used, fewer than 20% of the world’s 235 countries are deemed “developed.”
The Prime Minister says the Council’s advice and active partnership will help support the country’s pursuit of several strategic initiatives embodied in her “New Economic Model” to become a developed country by 2020.