Why Biotech is important to us?


“The application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services.”

Simply put, it is a technology that is based on biology, which uses living organisms to make innovative products that improve our lives. Our industry works in healthcare, agriculture and industry to meet life’s greatest needs in a carefully regulated way. – See more at: http://www.europabio.org/how-can-biotechnology-benefit-you

This is really interesting subject to discuss here today. Why? View this video.

All of these bold technologies, and those that are still in the pipeline, promise a brighter future for Europe and the world. But for this to happen, the industry requires sounds policy decisions that support innovation and risk–taking as well as a public that is well informed about how biotech is creating a healthier, greener, more productive and more sustainable economy.

Are we ready for the change?

In 2005, Malaysia established the National Biotechnology Policy (NBP) that aims to turn the biotechnology sector into one of the key economic drivers in the nation, contributing 5% of the nation’s GDP by 2020. The NBP was designed to provide a comprehensive roadmap that would foster a conducive ecosystem for accelerated growth in the biotech industry. This has been implemented with three 5-year phases in mind.

Capacity Building

Phase I, 2005-2010

•Establishment of the Malaysian Biotechnology Corporation, Advisory and Implementation Councils

•Development of knowledge workers and job supply

•Development of legal and IP framework

•Building of Malaysian branding within the biotechnology industry

 

Science to Business

Phase II, 2011-2015

•Development of local expertise

•Development of new products

•Technology acquisition and develop capability in technology licensing

•Intensified investment promotion and branding

 

Global Presence

Phase III, 2016-2020

•Consolidation of strengths and capabilities

•Strengthen technology and innovation licensing

•Further develop expertise

•Promote global Malaysian companies

The NBP spells out nine key thrusts that underpin these aspirations, namely:

•Agriculture Biotechnology Development

•Healthcare Biotechnology Development

•Industrial Biotechnology Development

•R&D and Technology Acquisition

•Human Capital Development

•Financial Infrastructure Development

•Legislative and Regulatory Framework Development

•Strategic Positioning

•Government Commitment

The National Biotechnology Division under the Ministry of Science, Technology and Innovation (MOSTI) is responsible for steering the national agenda through Research & Development, Technology Development, and Promotion of Biotechnology programs.

This has led to the establishment of three National Biotechnology Institutes: the Malaysia Agro-Biotechnology Institute, Malaysia Institute of Pharmaceuticals and Nutraceuticals, and the Malaysia Genome Institute.

The Malaysian Biotechnology Corporation (BiotechCorp) was set up in 2005 as an agency under the Ministry of Science, Technology and Innovation to execute the objectives of the NBP. Several initiatives, such as the BioNexus program for biotech start-ups have been implemented in order to realize various aspects of the NBP.

Before you go, let see on how this awesome technology could change our future energy! Sit back and enjoy viewing.

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