THE Ministry of Higher Education hopes more companies would commercialise research and development (R&D) products developed by university researchers, said its director-general Datuk Prof Dr Hassan Said.

“Previously, we used to be buyers of technologies. It is now timely for us to take the products out of the laboratory and into the market,” he said.

Hassan said commercialisation of intellectual property (IP) from higher learning institutions and research institutions has been practised by advanced nations.

The future development of industries in Malaysia focuses on new high-growth sectors that are transforming into competitive and full-fledged skilled-based areas in biotechnology, information communication technology, advanced material and advanced manufacturing, the results of which would be the supply of goods and services to the global market.

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Posted by: David Oh on 1/10/2005 3:29:17 PM