PUTRAJAYA: Malaysia aims to enhance investments in analysis and improvement (R&D) to be on par with developed countries which have efficiently leveraged R&D to enhance their world competitiveness, stated Science, Technology and Innovation Minister Chang Lih Kang.
According to him, Malaysia’s R&D investments nonetheless lag behind developed countries reminiscent of South Korea, Japan and Singapore.
To shut the hole, the Madani Economy agenda has set a goal for the nation to obtain a gross expenditure on R&D (GERD) of three.5% of gross home product by 2030 to guarantee robust financial improvement in the long run, he stated in his keynote handle on the Mimos Technology Preview 2024 (MTP 2024) right here right now.
“Increased investments in the R&D sector can lead to increased productiveness, create extremely expert jobs, and enhance the nation’s financial worth. Additionally, it stimulates innovation in key sectors, specifically biotechnology, renewable power, and digital know-how, which is able to assist to handle present challenges reminiscent of meals safety and local weather change,” he stated.
Chang stated Mimos Bhd, because the nation’s main R&D company, has a job in supporting the GERD goal of three.5%.
“To attain the target, Mimos is finishing up strategic initiatives reminiscent of collaborating with trade leaders to develop and use new applied sciences that meet world power demand, as exhibited at MTP 2024,” he stated.
The minister stated the collaboration not solely spurred technological development but additionally ensured that R&D outcomes have sensible purposes, thus having the ability to be commercialised and supply advantages to society.
He stated Mimos aims to commercialise 20 R&D tasks by the top of 2025.
Chang stated 15 applied sciences developed throughout the twelfth Malaysia Plan are exhibited at MTP 2024.
During the occasion, Mimos is scheduled to ink a memorandum of understanding with Axicom and Iscada Net (iS.internet), in addition to a know-how licence settlement with SquareCloud to implement Mimos’ autonomous chiller management and power effectivity (Mi-Ace) system know-how in authorities and business buildings.
The Mi-Ace system was developed with SquareCloud, utilising synthetic intelligence know-how and wi-fi Internet of Things (IoT) to revolutionise constructing cooling methods that embrace places of work and public areas.
The system is in a position to enhance cooling efficiency, reaching power financial savings of 12% to 20% by analysing sensor information to optimise operation whereas making certain consolation.
The new answer makes the set up course of simpler and considerably improves the constructing’s power administration.
Also current on the occasion have been Ministry of Science, Technology and Innovation secretary-general Datuk Aminuddin Hassim and Mimos performing president and CEO Saat Shukri Embong. – eNM
