Latest news with #NationalScience
The Sun
3 days ago
- Business
- The Sun
FRIM enhances efforts to commercialise forest resource-based research innovations
KUALA LUMPUR: The Forest Research Institute Malaysia (FRIM) continues to strengthen its role in the development of forest resource-based technology and innovation through the comprehensive execution of research, development, commercialisation, and application (RDCA) activities. FRIM said the initiative represents a strategic effort by the institute to support Malaysia's aspiration of becoming a high-tech nation by the year 2030. 'In line with the Forestry Research Institute Malaysia Act 2016 and the National Research, Development, Innovation, Commercialisation and Economic (RDICE) Roadmap, FRIM plays a key role within the national innovation ecosystem by fostering collaboration between the research sector, industry, and government. 'This effort is guided by the National Science, Technology and Innovation Policy (NSTIP) 2021-2030, which aims to achieve research and innovation investments totaling RM85.7 billion,' FRIM said in a statement. It added that it plays a crucial role in bridging the gap between research laboratories and the market by actively participating in national initiatives such as Malaysia Commercialisation Year and working closely with the Ministry of Science, Technology and Innovation (MOSTI). According to FRIM, several approaches have been implemented to drive innovation, including the provision of technology packages, product certification, technical advisory services, and incubation activities through its Innovation and Commercialisation Division. 'FRIM's intellectual property is managed through the Technology Information Management System (TIMS), ensuring that innovation outputs are well-protected and ready for commercialisation. These efforts are further supported by its wholly owned subsidiary, FRIM Incorporated Sdn Bhd, which plays a pivotal role in facilitating technology licensing and translating research outcomes to meet market demands,' it said. 'Among FRIM's key achievements is the successful commercialisation of clones and extracts from local herbs such as Kacip Fatimah (Labisia pumila) and Cucur Atap (Baeckea frutescens) which are now incorporated into natural wellness products with strong potential to enter international markets. The institute also provides consultancy and technology transfer services to both government agencies and the private sector. These services encompass a wide range of areas, including biomass product development, plantation silviculture, eco-friendly product certification, and biodiversity mapping. In addition, FRIM offers expertise in the development of nature trails and ecotourism projects, contributing to efforts in environmental sustainability. 'Through strategic collaborations with various local and international organisations, FRIM is also actively involved in implementing greening initiatives aimed at preserving biodiversity and raising public awareness on the importance of reforestation,' it added. FRIM stressed that the success in creating both commercial and social value from research outcomes underscores how forest resource-based scientific innovation can significantly contribute to national economic development. In line with this, FRIM remains committed to leading the development of an inclusive, innovative, and sustainable forest-based industry for the benefit of the nation.
The Sun
3 days ago
- Business
- The Sun
FRIM enhances efforts to commercialise forest resource-based research
KUALA LUMPUR: The Forest Research Institute Malaysia (FRIM) continues to strengthen its role in the development of forest resource-based technology and innovation through the comprehensive execution of research, development, commercialisation, and application (RDCA) activities. FRIM said the initiative represents a strategic effort by the institute to support Malaysia's aspiration of becoming a high-tech nation by the year 2030. 'In line with the Forestry Research Institute Malaysia Act 2016 and the National Research, Development, Innovation, Commercialisation and Economic (RDICE) Roadmap, FRIM plays a key role within the national innovation ecosystem by fostering collaboration between the research sector, industry, and government. 'This effort is guided by the National Science, Technology and Innovation Policy (NSTIP) 2021-2030, which aims to achieve research and innovation investments totaling RM85.7 billion,' FRIM said in a statement. It added that it plays a crucial role in bridging the gap between research laboratories and the market by actively participating in national initiatives such as Malaysia Commercialisation Year and working closely with the Ministry of Science, Technology and Innovation (MOSTI). According to FRIM, several approaches have been implemented to drive innovation, including the provision of technology packages, product certification, technical advisory services, and incubation activities through its Innovation and Commercialisation Division. 'FRIM's intellectual property is managed through the Technology Information Management System (TIMS), ensuring that innovation outputs are well-protected and ready for commercialisation. These efforts are further supported by its wholly owned subsidiary, FRIM Incorporated Sdn Bhd, which plays a pivotal role in facilitating technology licensing and translating research outcomes to meet market demands,' it said. 'Among FRIM's key achievements is the successful commercialisation of clones and extracts from local herbs such as Kacip Fatimah (Labisia pumila) and Cucur Atap (Baeckea frutescens) which are now incorporated into natural wellness products with strong potential to enter international markets. The institute also provides consultancy and technology transfer services to both government agencies and the private sector. These services encompass a wide range of areas, including biomass product development, plantation silviculture, eco-friendly product certification, and biodiversity mapping. In addition, FRIM offers expertise in the development of nature trails and ecotourism projects, contributing to efforts in environmental sustainability. 'Through strategic collaborations with various local and international organisations, FRIM is also actively involved in implementing greening initiatives aimed at preserving biodiversity and raising public awareness on the importance of reforestation,' it added. FRIM stressed that the success in creating both commercial and social value from research outcomes underscores how forest resource-based scientific innovation can significantly contribute to national economic development. In line with this, FRIM remains committed to leading the development of an inclusive, innovative, and sustainable forest-based industry for the benefit of the nation.
The Sun
04-06-2025
- Business
- The Sun
NTIS helps commercialise 27 local products, generating RM87.2 million in sales
KUALA LUMPUR: The National Technology and Innovation Sandbox (NTIS) has helped commercialise 27 local tech products, generating RM87.2 million in sales since its launch in August 2020, said Science, Technology and Innovation Minister Chang Lih Kang. He noted that the platform has supported more than 190 homegrown technology solutions and stressed that Malaysia must move beyond relying on imports and adaptation. 'If we're serious about becoming a high-tech nation, we must dare to innovate, create and test new ideas in real-world settings,' he said in a Facebook post tonight. Describing NTIS as an 'innovation accelerator', Chang said the initiative offers researchers, start-ups and tech entrepreneurs a space to trial ideas with flexible regulatory backing. 'It's not just a testing ground. It is a space that believes in local talent, where there's room to fail, learn and return with better solutions,' he said. He added that each innovation tested under NTIS takes Malaysia a step closer to building a more mature innovation ecosystem, one where ideas are not just conceived, but refined and brought to market. Chang also noted that the programme is a core part of the National Science, Technology and Innovation Policy (DSTIN) 2021–2030 and aligns with the Malaysia MADANI agenda, which sees innovation as grounded not just in technology, but in values like trust and opportunity. 'With NTIS, we open the path. Those who dare to try, we give space. Those who succeed, we support all the way to market. That's how we build the future,' he said.
The Sun
04-06-2025
- Business
- The Sun
NTIS Drives RM87.2mil Sales from 27 Local Tech Products
KUALA LUMPUR: The National Technology and Innovation Sandbox (NTIS) has helped commercialise 27 local tech products, generating RM87.2 million in sales since its launch in August 2020, said Science, Technology and Innovation Minister Chang Lih Kang. He noted that the platform has supported more than 190 homegrown technology solutions and stressed that Malaysia must move beyond relying on imports and adaptation. 'If we're serious about becoming a high-tech nation, we must dare to innovate, create and test new ideas in real-world settings,' he said in a Facebook post tonight. Describing NTIS as an 'innovation accelerator', Chang said the initiative offers researchers, start-ups and tech entrepreneurs a space to trial ideas with flexible regulatory backing. 'It's not just a testing ground. It is a space that believes in local talent, where there's room to fail, learn and return with better solutions,' he said. He added that each innovation tested under NTIS takes Malaysia a step closer to building a more mature innovation ecosystem, one where ideas are not just conceived, but refined and brought to market. Chang also noted that the programme is a core part of the National Science, Technology and Innovation Policy (DSTIN) 2021–2030 and aligns with the Malaysia MADANI agenda, which sees innovation as grounded not just in technology, but in values like trust and opportunity. 'With NTIS, we open the path. Those who dare to try, we give space. Those who succeed, we support all the way to market. That's how we build the future,' he said.
Gulf Today
15-05-2025
- Business
- Gulf Today
UAE among world's best 120 governments, reveals CGG Index
The UAE has risen to the 9th position globally and maintained its top regional ranking among the world's best 120 governments, according to the Chandler Good Government Index (CGGI) 2025. This marks a 5-position jump from 2024 and a 19-position leap since 2021. The UAE is also the only Middle Eastern country in the global top 20. In the sub-category rankings, the UAE dominated 6 key pillars including Leadership & Foresight as it is ranked 2nd globally, Financial Management as it is ranked 3rd globally, Attractive Marketplace as it is ranked 8th globally and Strong Institutions as it is ranked 10th globally. These achievements highlight the UAE's relentless efforts to strengthen its institutions and diversify its economy over the years. The UAE also led in several detailed sub-indicators within the CGGI 2025, including Adaptability, Strategic Prioritisation, Innovation, Implementation and Budget Surplus. The UAE's strategic focus on innovation and technology-driven governance reforms has been a key driver of its success. This aligns with the launch of the National Science, Technology, and Innovation Policy in 2024, the broader UAE Vision 2031, and the long-term Centennial 2071 Strategy. Globally, Singapore topped the Chandler Index, followed by Denmark, Norway, Finland, Sweden, Switzerland, Netherlands, and Germany.
