THE STAR 24 November 2015
THE Science, Technology and Innovation Ministry (Mosti) aims to commercialise 360 innovative products in the next five years.
Minister Datuk Seri Madius Tangau said this year, 65 innovative products by its agencies were introduced to the market.
“Currently, there are more than 1,000 products being produced by Mosti agencies,” he said after launching the Mosti Com-mercialisation Conference and Exhibition (MCCE) at Putra World Trade Centre in Kuala Lumpur.
With the theme “360 Degrees of Bringing Innovation through Inclusive and Open Innovation”, the event saw the participation of various government agencies, industry players, entrepreneurs and universities.
Madius said there were a lot of challenges to get participation from the people.
“Innovation is not only for researchers, professors or even entrepreneurs; new products can come from anyone,” he said.
As such, Mosti Social Innovation, which was launched in April, has a fund of RM94mil.
This, he said, was aimed at “humanising innovation”.
“Hence, we have decided to set up a one-stop centre where people can come and register their products, while we help to match them with the right agency,” he said, adding that the centre would start operating next year.