Investment Incentives Related to R&D and Commercialisation

41 pages. The paper on 'Investment Incentives Related to R&D and Commercialisation' was presented by Puan Siti Halimaton Mohd Rejab, Senior Deputy Director, Advanced Technology & Research Development Division, Malaysian Investment Development Authority (MIDA) at briefing on Bridging the Intellectual Property Gap from the Laboratory to the Market held on 21 October 2021. Puan Siti Halimaton presented few subtopics of Investment performance, policies incentives & facilitation, and post COVID-10 strategies. The speaker explained the importance of research and development (R&D), types of R&D Incentives and reinvestment in R&D. She also covered the topic of incentives such as IP development incentive, incentives for commercialization of R&D findings and manufacturing rubber products. On Industry4WRD, Industry4WRD Intervention Fund and Readiness Assessment (RA) Programme were also shared. The speaker then concluded the topic with post COVID-19 strategies by providing a brief information on Malaysia’s Short-Term Economic Recovery Plan (PENJANA). Studies have been done to identify the challenges of bridging the gap between the researchers and the industry concerning intellectual property protection and commercialisation policies- resulting in the commercialisation of an innovative research product as a platform to increase the wealth of a country. This online briefing highlighted key information and insights by IP experts from government agencies and corporations. Rubber products industry members who had attended the webinar were fortunate to sit through presentations by Mr. Azri Bin Roslan, Assistant Director of Business Development Division from Intellectual Property Corporation of Malaysia (MyIPO) on "Intellectual Property In Technology Commercialization: Issues & Challenges", as well as Puan Siti Halimaton Rejab, Senior Deputy Director of Advanced Technology & Research Development Division from Malaysian Investment Development Authority (MIDA) on "Investment Incentives Related to R&D and Commercialisation". Ms. Christine Ng, Director of Strategic and Valuation Services of ADASTRA IP (M) Sdn. Bhd also presented on "Considerations of IP Matters under the Industry Linkage Fund Programme" Gearing up the industry members, this online briefing also provided an understanding of the importance of IP in Malaysia under the Patent's Law provisions and knowledge as well as an understanding of the latest and relevant patents and trends, among others.