PUTRAJAYA, Nov 7 -- The Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) has allocated RM16 million grants for research and development (R&D) under the I-CONNECT initiative.
Its minister, Yeo Bee Yin said the initiative, a joint collaboration with the Academy of Sciences Malaysia, focuses on four pilot areas, namely Health and Wellness; Fintech in Islamic Finance (Services); Industry 4.0 (Manufacturing), and Halal Supply Chain.
"I-CONNECT is a collaborative platform between researchers, industry, government and NGOs (non-governmental organisations), so that we can have demand-driven R&D for market and industry needs.
"I-CONNECT would not differentiate whether you are foreign or local players. As long as you have (set up) a business in Malaysia, invest in Malaysia, we welcome you (to use the platform)," she told the media after launching the Malaysian Collaborative Network Platform for Disruptive Innovation and Malaysia Open Science Platform (MOSP) Initiatives, here today.
Yeo said with I-CONNECT, which provides better ecosystem in terms of innovation, researchers availability and collaborative platform, the country would be able to attract more knowledge-intensive Foreign Direct Investment into Malaysia.
She said trusted neutral1 entities under I-CONNECT would serve as innovation intermediaries or accelerators that will orchestrate the collaborative network among the players besides realising industry achievements.
On the MOSP, Yeo said the initiative was aimed at connecting research data, researches and publication between five research universities, and 15 MESTECC research institutes and agencies.
“MOSP is a data-sharing platform. Now researchers are doing their own research and having their own data and they don't know that other researchers have done the same research.
"Hence, on this platform, we connect to ensure that everyone is sharing the data so that they can avoid overlapping research and can build upon others' research," she said.