Business Potential for Agricultural Biotechnology - Asian Productivity ...

Business Potential for Agricultural Biotechnology Products in Malaysia
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APPENDIX 1
NATIONAL BIOTECHNOLOGY POLICY
The Philosophy of the Policy
The National Biotechnology Policy envisions that biotechnology will be a new engine for
Malaysia, enhancing the nation’s prosperity and well-being. The Policy aims to build an environment
conducive to R&D and industry development while leveraging on the country’s existing
areas of strength.
The National Biotechnology Policy is underpinned by nine policy thrusts.
Thrust 1: Agriculture Biotechnology Development
Transform and enhance the value creation of the agricultural sector through biotechnology
Thrust 2: Health Care Biotechnology Development
Capitalize on the strength of biodiversity to commercialize discoveries in natural products
as well as position Malaysia in the biogenerics market.
Thrust 3: Industrial Biotechnology Development
Ensure growth opportunities in the application of advanced bioprocessing and biomanufacturing
technologies.
Thrust 4: R&D and Technology Acquisition
Establish centers of excellence in existing or new institutions to bring together multidisciplinary
research teams in coordinated research and commercialization initiatives. Accelerate
technology development via strategic acquisitions.
Thrust 5: Human Capital Development
Build the nation’s biotech human resource capability in line with market needs through
special schemes, programs, and training.
Thrust 6: Financial Infrastructure Development
Apply competitive lab-to-market funding and incentives to promote committed participation
by academia, the private sector, and government-linked companies. Implement sufficient
exit mechanisms for investments in biotech.
Thrust 7: Legislative and Regulatory Framework Development
Create an enabling environment through continuous reviews of the country’s regulatory
framework and procedures in line with global standards and best practices. Develop a strong
intellectual property protection regime to support R&D and commercialization efforts.
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