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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
Application of new knowledge towards useful social ends
By: Amran Muhammad and Natalie Day
With all the extraordinary hype about phone hacking in the UK, you could be forgiven for missing the recent visit of the Malaysian Prime Minister Datuk Seri Tun Razak to the UK. Najib met with the UK Prime Minister, David Cameron, the Queen as well as captains of industry. His message: consider Malaysia as the place to do high-value, high-tech knowledge-based innovation. This might seem a fairly common theme amongst leaders of developing countries trying to shift their economies from a traditional manufacturing focus to a knowledge-based economy, but this ambition in Malaysia has deep roots and is one which warrants greater attention.
The story of Malaysia’s ambition in science, technology and innovation (STI) began in 1991, when the then Prime Minister Mahathir launched an ambitious plan, known as Wawasan 2020 or Vision 2020, to make Malaysia a knowledge-based economy by 2020. STI was identified as integral to its success. Mahathir was determined “to establish a scientific and progressive society, a society that is innovative and forward-looking, one that is not only a consumer of technology but also a contributor to the scientific and technological civilisation of the future”. Now, over 30 years later, Malaysia has made significant progress against this ambition, but there is still work to be done. Najib’s promotion of Malaysia’s credentials internationally are important, but so too is the need to consolidate and focus investment through all layers of the STI system to ensure success.