KUALA LUMPUR, Oct 13 — The government’s continued focus on strengthening the technology and innovation ecosystem through Budget 2027 provides an opportunity to accelerate the transition from research and development (R&D) to commercialisation, industry adoption and tangible economic value, said Mimos Bhd (Mimos).
It said the government’s commitment to advancing Malaysia’s technology and innovation agenda, particularly through the Finance Ministry (MOF) and Science, Technology and Innovation Ministry (Mosti), would help strengthen the country’s R&D capabilities, develop home-grown technologies and translate innovation into economic and social benefits.
The Budget allocated RM6 billion for R&D and commercialisation activities across ministries, while Khazanah Nasional Bhd (Khazanah) and Kumpulan Wang Persaraan (KWAP) separately will invest RM1.2 billion to help local semiconductor companies move into higher-value segments.
