Chapter 3 Linkages for Fostering Innovation Activities – Case ... - ERIA

Figure 6 Diagram of Creative Bliss’ Linkages3.4.4. Issues in Policies related to InnovationThough the government policies, both at the national and state level, are consideredto be supportive for Innovation – be it in terms of grants, infrastructure provision,policies like tax rebated etc, the firm is not aware of many options available and hencehas not sought help from any of these incentives/policy passed benefits. Hence, for mostof the innovations at Creative Bliss are self financed/funded3.4.5. ConclusionsFrom the Creative Bliss perspective the key issues in Penang cluster that are helpfulfor going up the value chain from manufacturing to design and innovation activities are– availability of highly skilled human capital, presence of large base of local suppliers,presence of its major customer and cluster institutions. At the national level, provisionsmade by the MITI ministry and in general the stable political environment are deemedas useful. Reducing procedural delays to utilize existing grants and more incentives to115