Budget 2027 should accelerate transition from R&D to Malaysian technology, says Mimos
KUALA LUMPUR, Oct 13 — The government’s continued focus on strengthening the technology and innovation ecosy...
The 2027 Malaysian budget emphasizes shifting the focus from research and development (R&D) to commercialization, according to Mimos Bhd. The government's dedication to the technology and innovation agenda, particularly through the Finance Ministry and Science, Technology and Innovation Ministry, aims to bolster R&D capabilities, foster home-grown technologies, and translate innovation into economic and social benefits.
The budget allocates RM6 billion for R&D and commercialization across ministries. Khazanah Nasional Bhd and Kumpulan Wang Persaraan will contribute RM1.2 billion to help semiconductor firms enter higher-value segments. Mimos states that these measures enable research capabilities to align more closely with national industrial priorities and market demand, including the development of higher-value technologies and stronger local companies.
Budget 2027 also allocates RM30 million through MDEC to assist 4,000 micro, small, and medium enterprises (MSMEs) in adopting artificial intelligence (AI) and automating their operations, underscoring the importance of converting local R&D into practical, industry-ready solutions that contribute to economic growth. Dr Saat Shukri Embong, Mimos' president and group CEO, emphasizes that Malaysia must transition from merely developing technologies to ensuring they are adopted, scaled, and used by industry.
Abdul Rashdee Abdul Kadir, Mimos' group CEO and COO, stresses that technology adoption should address real business and industry challenges to enhance productivity gains. Nurezmy A. Majid, Mimos' deputy group CEO and group chief of staff, stresses the necessity of a coordinated ecosystem between government, industry, academia, and R&D institutions for sustained technology development.
Dr Zulaikha Kadim, Mimos' group chief technology officer, highlights the importance of strengthening expertise in strategic technologies such as AI and semiconductors to enable Malaysia to compete globally. Dr Hazian Mamat, Mimos' group chief of corporate planning and strategy, calls for tracking the budget's outcomes through clear indicators such as industry adoption, technology readiness, Malaysian IP development, private-sector participation, and commercial returns, to ensure that innovation investments lead to meaningful progress in Malaysia's long-term competitiveness.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
