Budget 2027: MIMOS Urges Focus on Transitioning R&D to Local Technology
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MIMOS, the national applied research and development (R&D) centre, has submitted key recommendations ahead of the 2027 Budget presentation. The agency is urging the government to place a specific focus on accelerating the transition of research outcomes into technologies that can be commercialised by local companies.
According to MIMOS, Malaysia has immense potential in the field of innovation, yet there is a gap that must be bridged between the laboratory stage and the actual market. They believe that more strategic financial support in the budget will help local companies adopt Malaysian-made technology more extensively.
This move is seen as an effort to reduce the nation's reliance on foreign technology. By empowering the local technology ecosystem, Malaysia can enhance its competitiveness in the global market while creating more high-skilled job opportunities for the people.
Furthermore, this initiative also aims to support the nation's aspiration to become a regional technology hub. A focus on market-oriented research will ensure that every ringgit invested by the government provides tangible economic returns to local industries.
Overall, these MIMOS recommendations emphasise the importance of collaboration between the public and private sectors. It is hoped that the 2027 Budget will include more inclusive policies to drive economic growth based on innovation and local technology.
Sources: Malay Mail
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