Biotech Updates

BioMalaysia 2009 Takes Off

November 20, 2009

BioMalaysia 2009 was officiated by the Prime Minister Datuk Seri Najib Abdul Razak on the 17th November at the Kuala Lumpur Convention Centre. The Prime Minister (PM) was happy to note that biotechnology industry has contributed 2.2% of the Gross Domestic Product and this is not far from the target set, that is 2.5% at the end of next year. The Biotechnology Policy which was launched in 2005 is nearing the end of the first phase, i.e. capacity building and the second phase on commercialization will begin in 2011. At the launch of BioMalaysia, the PM also announced the establishment of the National Innovation Centre which will be placed under the Ministry of Science, Technology and Innovation (MOSTI).
 
BioMalaysia 2009 was the biggest BioMalaysia so far with a 20% increase in participation. There were around 200 local and foreign booths at the exhibition with about 8,000 participants from around the globe.
 
Email Mahaletchumy Arujanan at maha@bic.org.my for more news about biotechnology in Malaysia.
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