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Government Financial Incentives for Biomass Commercialisation in Malaysia

Government Financial Incentives for Biomass Commercialisation in Malaysia. t ang • kok • mun Technical Coach Biomass SP Project. Government Financial Incentives for Biomass Commercialisation in Malaysia.

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Government Financial Incentives for Biomass Commercialisation in Malaysia

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  1. Government Financial Incentives forBiomass Commercialisation inMalaysia tang •kok•mun Technical Coach Biomass SP Project

  2. Government Financial Incentives for Biomass Commercialisation inMalaysia Presentation Outline- Commercialisation of R&D in Malaysia- Financial Incentives- Commercialisation Tips for Consideration

  3. Government Financial Incentives for Biomass Commercialisation inMalaysia • It is an endeavor fraught with • risks & failures Commercialisation of R&D • Requires understanding & • innovative approaches • Large risks = Large returns

  4. Government Financial Incentives for Biomass Commercialisation inMalaysia Commercialisation of Biomass R&D Positive factors • Abundance of biomass from agri-sector • Abundance of knowledge & expertise • from institutional R&D activities • Low cost & easy access to R&D knowledge, • expertise & linkages

  5. Government Financial Incentives for Biomass Commercialisation inMalaysia Commercialisation of Biomass R&D Negative factors • Gap (last mile) between R&D outputs and • commercial products • Local market still conservative towards • local technologies & products • Small local market; lack economics of scale • Lack of high-value, customer-centric focus e.g. product design, branding, quality

  6. Government Financial Incentives for Biomass Commercialisation inMalaysia • 9th Malaysian Plan → 10th Malaysian Plan Incentives for Biomass Commercialisation • New Economic Model • - New Key Economic Activities (NKEAs) to be implemented • under the 10th Malaysia Plan • - Resource-based industries such as palm oil, biofuel from • biomass, bio-degradable plastics…. • - Green technology ; high-value green industries and • services • - Emphasis on small-and medium-scale enterprises (SMEs)

  7. Government Financial Incentives for Biomass Commercialisation inMalaysia • Key Agencies & Organisations • - Ministry of Science, Innovation & Technology (MOSTI) • - Ministry of Energy, Green Technology & Water • - Malaysian Technology Development Corporation (MTDC) • - Malaysian Biotech Corporation • - Cradle Fund • - SME Corporation • - Malaysian Industrial Development Authority (MIDA) Incentives for Biomass Commercialisation

  8. Government Financial Incentives for Biomass Commercialisation inMalaysia • Key Focus of MOSTI under 10th MP • - Waste-to-wealth for palm biomass • - Food security • - Biotechnology • - Upgrading of Malaysia's cyber security Incentives for Biomass Commercialisation • Target higher commercialisation rate • from R&D output

  9. Government Financial Incentives for Biomass Commercialisation inMalaysia Direct Funding for Commercialisation Related Activities under MOSTI

  10. Government Financial Incentives for Biomass Commercialisation inMalaysia Incentives for Commercialisation • Ministry of Energy, Green Technology • and Water • - Renewable energy (biomass, biogas, solar etc.) • - Biofuels • - Related green technologies & services • Green Technology Financing Scheme • - Initial funding of RM 1.5 billion

  11. Government Financial Incentives for Biomass Commercialisation inMalaysia Incentives for Commercialisation • Green Technology Policy • Strategic Thrust 4 : Intensify Green Technology • Research, Development, Innovations & Commercialisation • - Provision of financial grants or assistanceto public and private • sector in RDIC; • - Implementation of Green Technology foresight; • - Establishment of an effective coordinating agency for RDI and • Centre of Excellence or new research institute for Green • Technology development; • - Enhancement of smart partnerships between the Government, • industries, and research institutions; and • - Establishment of strong linkages between local research • institutions and regional and international centres of excellence

  12. Government Financial Incentives for Biomass Commercialisation inMalaysia Incentives for Commercialisation • Malaysian Industrial Development Authority • (MIDA) • Pioneer Status and/or Tax Allowance • Promoted Industries / Activities • - Generation of renewable energy • - Engineered wood & composite products from biomass • - Utilisation of oil palm biomass for value added products • - R&D activities • - Commercialisation of R&D outputs

  13. Government Financial Incentives for Biomass Commercialisation inMalaysia Managing Different Stakeholders with Different Priorities Commercialisation Tips Research Institutions Researchers Investors & Shareholders Funding Agencies Target Customers SME

  14. Government Financial Incentives for Biomass Commercialisation inMalaysia Customers are interested in solutions; not your technology…. Commercialisation Tips Final solution to your customers is usually a combination of various technologies

  15. Government Financial Incentives for Biomass Commercialisation inMalaysia Barriers to acceptance from customers Commercialisation Tips • Technical barrier • Industry standards, regulations, compatibility, integration • Industry barrier • Vendor-customer relationship, industrial linkages • Mental barrier • Reluctance to change, comfort zone

  16. Question&Comments

  17. Mr. Tang holds a Masters Degree in Business Administration and a Bachelor Degree of Chemical Engineering from the University of Malaya. He started out his career in the oil palm oil industry and currently undertakes commercialisation projects and technical consultation work. He is currently collaborating with a local university to commercialise one of their R&D output in a revolutionary testing technology for the water, agricultural, food and medical sectors. His interest in the field of environmental and sustainable development includes clean production, carbon footprinting and management, commercialisation of green technologies as well as sustainable strategies development at micro and macro levels. Among the other major works he has undertaken includes biodiesel study for a Malaysian public listed company; technical consultancy for EU-Asia project on sustainable management of municipal solid waste in Perak; as well as green office and carbon audit programme for British High Commission Malaysia. Speaker’s Profile : Tang KokMun http://my.linkedin.com/in/tangkm

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