Business Potential for Agricultural Biotechnology - Asian Productivity ...

Business Potential for Agricultural Biotechnology Products
Thrust 8: Strategic Positioning
Establish a global marketing strategy to build brand recognition for Malaysian biotech and
benchmark progress. Establish Malaysia as a center for contract research and contract manufacturing
organizations.
Thrust 9: Government Commitment
Establish a dedicated and professional implementation agency overseeing the development
of Malaysia’s biotech industry under the aegis of the Prime Minister and relevant government
ministries.
The implementation of the National Biotechnology Policy encompasses three main phases:
Phase 1 (2005–2010): Capacity building
Establish advisory and implementation councils.
Establish Malaysian Biotechnology Corporation.
Educate and train knowledge workers.
Develop legal and IP framework. Business development through accelerator program.
Build Malaysian branding.
Create initial jobs and industries in agricultural biotech, health care biotech, industrial
biotech, and bioinformatics.
Phase 2 (2011–2015): Science to Business
Develop expertise in drug discovery and development based on natural resources.
Develop new products.
Acquire technology.
Intensify investment promotion.
Intensify spin-off of companies.
Strengthen branding.
Develop capability in technology licensing.
Create knowledge-intensive jobs.
Phase 3: Global Presence
Consolidate strengths and capabilities in technology development.
Further develop expertise and strength in drug discovery and development.
Strengthen innovation and technology licensing.
Promote global Malaysian companies. It is intended that by 2020 Malaysia will be a global
player in biotechnology and at least 20 global Malaysian companies will be generated.
Table 5. Summary of Targets of the National Biotechnology Policy, Malaysia
Phase 1 Phase II Phase III
(2005–2010) (2010–2015) (2015–2020)
Policy objective Capacity Creating Turning
building business out Malaysia into
of science global player
– 140 –
Total
Biotechnology
for wealth
creation and
social wellbeing
Creation of employment 40,000 80,000 160,000 280,000
Establishment of companies 25 25 50 100
Contribution to GDP (%) 2.5 4.0 5.0 5.0
Compounded annual growth
(%)
32.8 21.7 14.7 23.7
Source: The National Biotechnology Policy