Launch of Malaysian Creativity and Innovation Year 2010 Draws Attention to Country's Innovation Needs

Strategic Insights -

The upcoming launch of the Malaysian Creativity and Innovation Year 2010 has sparked discussions about the country's need for innovation, particularly among the younger generation. According to Professor Dr Mohamed Shariff Mohamed Din, director of Universiti Putra Malaysia's (UPM) Innovation and Commercialisation Centre, the initiative is timely in helping Malaysia achieve its vision 2020 goal of becoming a developed country by 2020. The country's reliance on palm oil exports has been cited as an example of the potential for innovation, with numerous products that could be created from oil palm.

Key Takeaways:

  • The Malaysian Creativity and Innovation Year 2010 aims to promote innovation and creativity among the younger generation in Malaysia.
  • Professor Dr Mohamed Shariff Mohamed Din emphasizes the importance of innovation in achieving Malaysia's vision 2020 goal of becoming a developed country by 2020.
  • The country has many commodities that could be developed into new products through innovation, such as oil palm.
  • Education plays a crucial role in inculcating the innovation culture in the country's learning system.
  • Globalisation and stiff competition among countries have made it essential for Malaysia to become an innovative and creative economy to progress in terms of technology.

Statistics:

  • The Malaysian government has set a target for Malaysia to become a developed country by 2020.
  • The country's vision 2020 goal is supported by various initiatives, including the launch of the Malaysian Creativity and Innovation Year 2010.
  • Palm oil exports are a significant contributor to Malaysia's economy, with numerous products that could be created from oil palm.
  • Education is a key factor in inculcating the innovation culture in the country's learning system.

Sources:

  • (BERNAMA-OANA)
  • Asia Pulse