Although Malaysia has consistently been ranked favourably for many years on its public access to financing in the Global Competitive Index, admittedly, leakages still do occur within the system.
JKPDA, a unit under AIM, was formed to streamline all the channels for R&D&C grants that are currently available under multiple Ministries and Agencies in ensuring transparency and ease in obtaining funds for businesses. In addition, it is also tasked with the monitoring, evaluating and tracking of the performance of these funds, ensuring that gaps along the commercialisation process are tackled in a systematic manner.
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It is AIM’s hope that JKPDA, with the launch of 1DANA portal, can provide the Rakyat the entire funding landscape so that they can approach the right agency to seek the necessary funding. In addition to facilitating access to financing for R&D&C, I hope the Stakeholders will use the 1DANA dashboard to track the performance of their respective grants/fund to ensure that approvals granted to projects are aligned to the country’s sectorial focus areas as determined by the NSRC.
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With the right M&E tools in place, the 1DANA portal can provide insights to the ideal balance between fundamental and applied research.
As JKPDA continually improves its processes and the 1DANA portal gets timely technology and systems updates, we expect the entire process from application to evaluation to funding to monitoring of R&D&C grants can be done semalessly online.
With the right M&E checklist, the Government can know on a real-time basis the Return on Innovation (ROI) from its investments in R& D&C to drive the country to achieve the minimum GERD for R&D&C to at least 2% and lead the country to achieve high income nation status by 2020.