Finally! For the past few years, we have been preaching our former Prime Minister’s “Look East Policy” in relation to the area of Intellectual Property development.

Japan built up its technological prowess after World War 2 by importing/licensing technologies from the west. They didn’t start from scratch. They used current technology, improved on it and then sold it back to the rest of the world.

Why should we in Malaysia reinvent the wheel?

The Government is to be commended for now setting aside funds to acquire the necessary technologies for us to catch up with the developed nations.

Click Bernama: Govt Will Assist Private Sector Acquire Overseas Technologies for the full article.

Click MTDC to fund IP Acquisition for The Edge’s report.

Posted by: David Oh on 5/8/2005 4:58:35 PM