Financing innovation : the experience of Malaysia
Date
2011
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Abstract
This report describes various financing schemes in place to promote science, technology and innovation (STI) in Malaysia. The country has introduced a range of schemes embracing grants, fiscal incentives, loans, and venture capital to support innovation since the 1980s. However, an effective national innovation system (NIS) needs policies for innovation, and more importantly, innovations in policy-making itself. The paper reviews incentives towards innovation, entrepreneurial activity, and innovation financing. Key findings on grants, fiscal incentives, loans, venture capital industry and institutional issues are presented.
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IDRC-Related Report
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Keywords
MALAYSIA, INNOVATION FINANCING, NATIONAL INNOVATION SYSTEM, RESEARCH AND DEVELOPMENT, TAX INCENTIVES, SCIENCE AND TECHNOLOGY POLICY, VENTURE CAPITAL, SMALL AND MEDIUM ENTERPRISES, INNOVATION SYSTEMS, FAR EAST ASIA