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Crop Biotech Update

Investments for Malaysia Biotech

May 2, 2013

BIO Chicago 2013 became a platform for the global launch for the Bioeconomy Transformation Programme (BTP) with a total of four collaborations announced under the bioeconomy initiative. The projects are expected to bring in almost USD130 (RM400) million investments for the Malaysian biotechnology industry. The global launch of the BTP and the collaborations announcements were made during the official Opening Ceremony of the Malaysian Pavilion at the Biotechnology Industry Organization (BIO) Convention and Exhibition. The global event for biotechnology has been acknowledged in providing a strong pipeline of investment flows into Malaysia.

 "The partnerships and collaborations announced magnify the value proposition that Malaysia offers - that Malaysia is attractive especially in nurturing and driving global entrepreneurship and partnerships with foreign companies. These collaborations are clear endorsements of Malaysia's growing importance in the global ecosystem of bio based industries", said Dato' Dr Mohd Nazlee Kamal, CEO of Malaysian Biotechnology Corporation (BiotechCorp). The global launch of BTP was completed by the Deputy Secretary General (Science and Technology), Ministry of Science Technology and Innovation (MOSTI) who also launched the Malaysian Pavilion at the BIO Convention.

For more info on the collaborations, drop an email at haslina.hamidan@biotechcorp.com.my.