YAB Dato’ Sri Najib Tun Razak

The world continues to evolve thanks to innovations in the various areas that bring benefits to man and society. In ensuring that new products and services are continuously being churned out, it is necessary to ensure that investments are made into research and development and then into commercialising the fruits of such innovations.

Hence, it is my view that national expenditures on R&D should not be seen as any other government expenditure but as a national investment. The impact from the investments made by the government through its ministries and agencies are far-reaching.

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We have seen through partnerships between the government, academia and industry the potential in which these investments can bring to the rakyat in the form of new industries and thousands of high value jobs.

Thus, in ensuring that these goals can be realised, it is also important for the government to ensure that the investments are able to pay off and contribute to the national income.

The Malaysian Government has always had a generous allocation for R&D Grants and Risk Capital. It is time that we streamline these funding sources in order to optimise and maximise our Return on Investments (ROI).

We have given JKPDA the mandate to improve the investment landscape and mechanism in R&D to ensure reasonable returns and promote income generation through commercialisation and innovation.