Malaysia 2008 Budget – Biotechnology Sector
Written by WTJ on September 7, 2007 – 9:57 pm -Malaysia announced its 2008 budget today, and I copy the budget that I concerns from the 2008 budget speech.
Biotechnology Sector
41. In the context of supporting private sector initiatives in the biotechnology industry, the Government will continue to provide infrastructure and technological facilities. For this purpose, a sum of RM236 million is provided in the 2008 Budget. Among the projects are the acquisition of technology, development of biodiversity research centre and biotechnology commercialisation centre as well as anti-cancer compound research. To encourage cooperation between biotechnology companies and local universities, Bionexus status companies will be allowed to use the laboratories and research facilities at local universities, thereby optimising the capacity of research laboratories and facilities at local universities.
Although Malaysia aims to be a strong and advanced biotechnology centre, but it’s still far more behind from other countries, especially its regional competitor, Singapore. RM236 million is equivalent to USD 67 million.
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Tags: 2008, 2008 budget, biotechnology, budget, malaysia, malaysia 2008 budget | 3 Comments »
September 7th, 2007 at 10:07 pm
Where is the human capital investment for biotech? Did the university follow up? ROFL.
September 7th, 2007 at 10:16 pm
you bet..
hope the money won’t be wasted by the local uni buying all the fancy equipments which they can buy others with same function and quality at lower price.. things like that happen often in local uni.
March 11th, 2009 at 10:14 pm
Perfect budget………..