BiotechCorp Annual Report 2007 - Malaysian Biotechnology ...

The National Biotechnology Policy
The Malaysian Government recognised
biotechnology as one of the key strategic
drivers that will propel the nation
social and economic development
further. Biotechnology expands societal
wellbeing and wealth creation by un-
locking the value of the country’s natural
recources and human capital talents.
At the initial stage, the Government
will be the main driver for biotechnology
development by providing strategic
direction, infrastructure development
and funding. This will provide an integrated
platform for participation by the
scientific, business and funding groups
to ensure an eco-system that is capable
of sustaining Malaysia’s growth and
progress in biotechnology.
The 9 Thrusts of the National Biotechnology Policy
1 Agricultural
Biotechnology
2 Healthcare
Biotechnology
3 Industrial
Biotechnology
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5
Research & Development,
Technology Acquisition
Human Capital
Development
6 Financial
Infrastructure
7
Legal & Regulatory
Framework
8 Strategic
Development
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Government Support &
Commitment
Transform and enhance the value creation of the agricultural sector through
biotechnology.
Capitalise on the country’s biodiversity for commercialising the discoveries of healthrelated
natural products and bio-generic drugs.
Leverage on the country’s strong manufacturing sector to increase opportunities for bioprocessing
and bio-manufacturing.
Establish centres of biotechnology excellence, through research and development, as
well as technology acquisition.
Build the nation’s human capital through education, training and research activities, with
the aim of producing knowledge generation capabilities.
Provide the right financial support via competitive lab to market funding and
incentives to encourage committed participation from academia and the private
sector, including Government-linked companies.
Strengthen the legal and regulatory framework by reviewing ownership of
intellectual properties and regulations relating to biotechnology processes and business.
Build international recognition for Malaysian biotechnology and find a niche in the
global biotechnology value chain.
Realise the execution of the policy through the establishment of a dedicated and professional
Government agency to spearhead the development of the biotechnology industry
with the incorporation of the Malaysian Biotechnology Corporation (BiotechCorp).
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