BiotechCorp Annual Report 2007 - Malaysian Biotechnology ...

Transforming Science to Business
Attracting Foreign Direct Investment
BiotechCorp continued to encourage
private sector investments as well as
to tap funds internationally for the
Malaysian biotechnology industry.
During the period under review,
BiotechCorp formulated initiatives to
promote the creation of new biotechno-
logy funds with possible cooperation
from multinational companies and
Middle Eastern funds. BiotechCorp
facilitated a standard performance
benchmark for funding purposes to
compare the performance of local
biotechnology companies in line with
international standards. BiotechCorp
also aimed for the establishment
of a separate sector classification
for biotechnology companies listed
on Bursa Malaysia. The formation of
biotechnology indices can be utilised
to attract international fund managers
and institutional investors.
Increasing Number of Knowledge
Workers
Developing and expanding the pool of
knowledge workers are critical to sustain
the survival and success of the biotechnology
industry.
In that respect, BiotechCorp has
established a comprehensive human
resource strategy in sourcing international
talents, building stronger
relationships with the academic and
research communities, developing
personnel in regulatory and IP areas,
as well as partnerships with universities
and technical colleges.
Development of Biotechnology
Expertise
BiotechCorp will intensify efforts with
relevant ministries and agencies to
identify key areas of specialisation and
expertise in collaboration with public
universities and research institutes.
Source of investment / funding Amount (RM mil)
Government agencies 1,594
Venture Capital Companies (VCC) 30
Investment by VCC in the life sciences sector in 2005 91
Investment by VCC in the life sciences sector in 2006 50
Other sources 1,854
Total 3,619
Funding gap between current funds and National Biotechnology
Policy (NBP) target for 2010 of RM6.0 billion
Funding Gap between current funds and NBP target for 2020 of
RM30.0 billion
2,381
26,381
37