By LYDIA NATHAN / Pic By AFIF ABD HALIM
Businesses and entrepreneurs must be innovative in order to succeed in today’s world.
Minister of Science, Technology and Innovation (Mosti) Minister Datuk Seri Wilfred Madius Tangau said although Malaysia has already achieved so much as a nation, innovation must continue to be at the forefront.
“You cannot just solve problems with technology, there must be innovation involved.
Only then, will businesses truly flourish,” he said during a panel discussion in Kuala Lumpur yesterday.
He added that one of the main challenges that entrepreneurs face today is the inability to broaden, as well as change their mindset.
“The problem today is people’s mindset; no one wants to change their way of thinking.
We truly hope that more entrepreneurs will soon realise the importance of creating new ideas and fol lowing it through,” he said.
Standards and certification was another challenge raised during the discussion.
Madius Tangau said Malaysians need to have confidence in their own products and services instead of looking for products with overseas stamps.
“Many people think products have more value if they come from overseas, but that is not always the case. In order to be able to look at the global market, we must have a sense of ownership for locally manufactured products.”
“We have the ability to become exporters of technology; our main resource is people and their talent. Additionally, the young people of today have so much potential in them, that’s why I urge them to become innovative in their ideas,” he said. Meanwhile, Mosti organised the Malaysia Commercialisation Year (MCY) Summit for the second year in conjunction with the Global Entrepreneurship Community Summit 2017.
The two-day summit which began on Tuesday aims to facilitate the penetration of local research and development (R&D) products and services into the market via appropriate commercialisation interventions.
The MCY 2.0 is another of the government’s effort to propel the nation’s science, technology and innovation agenda.
It can be summarised in three aspects — local technology gaining better market penetration, global recognition of the Malaysia’s R&D products and the creation of niche markets based on the country’s strengths.
“Our aim is to connect our research resources with entrepreneurs to help drive commercialisation of new products, services and technologies.
The research community is a critical part of the entrepreneurship ecosystem because they bring new ideas and products that would shape our future economy,” Madius Tangau said.
Among the key highlights of the summit were the launching of seven new products from MCY, which were Datuk Seri Wilfred Madius Tangau from CyberSecurity Malaysia, Black Ginger from the Malaysian Agricultural Research and Development Institute, Reconfigurable Robot from the Malaysian Technology Development Corp, Tactical Communication Operation Management System from Universiti Pertahanan Nasional Malaysia, TERAPI.
MY from Technology Malaysia Park (Therapy On Demand Sdn Bhd), MYMATA from Technology Malaysia Park (Ipinfra Networks Sdn Bhd) and lastly, the Environment Monitoring System from Technology Malaysia Park (Logikation Sdn Bhd).