Abd Razak, Dzulkifli
(2008)
Time to bring about innovation.
New Sunday Times.
Abstract
TODAY, Universiti Sains Malaysia will make history. It will witness yet another milestone in moving its research
and development to the next level in tandem with its newfound status as Malaysia's research university.
Much has been said about the need to commercialise the R&D outcome from universities, but in reality this is
easier said than done given a host of other interrelated
factors that must be in place before one can hope to
see a good success story. Generally, the overall success rate of commercialisation is less than 10 per cent.
Currently, in Malaysia, it is about half of that.
One of the reasons for this is not the lack of quality R&D carried out at the universities. Rather, it has
something to do with the culture of risktaking
among investors, especially the local ones.
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