Malaysia reviews intellectual property policy to adapt technology transfer offices (TTOs)
To enhance Malaysia’s national commercialization ecosystem and promote technological ownership, adoption, and transfer, the country is set to review its intellectual property (IP) policy. As per the Mid-Term Review of the 12th Malaysia Plan (12MP) for 2021 to 2025, IP assets will be evaluated for financing, aiming to stimulate commercialization and innovation initiatives.
Government research institutes and higher education institutions will leverage technology transfer offices (TTOs) to bolster their research and commercialization capabilities, enabling them to extract maximum value from their IP.
TTOs will receive support from specialized professionals in technology transfer, IP management, and IP valuation to expedite commercialization activities. The report identified several challenges, including inadequate IP commercialization, industry unpreparedness for new technology adoption, and high costs associated with creating and implementing new technology.
Malaysia intends to harness its research and development (R&D), commercialization, and innovation potential to boost economic growth. This will be achieved by emphasizing the use of cutting-edge technology and intensifying R&D and commercialization operations.
To optimize government funding, specific R&D and commercialization fields will be streamlined based on the 10-10 Malaysian Science, Technology, Innovation, and Economy (MySTIE) framework. This strategic move aims to ensure that all government-funded R&D and commercialization programs yield the best possible returns on investment.
One of the 12MP’s objectives is to increase gross R&D spending as a percentage of GDP from 0.95 percent in 2020 to 2.5 percent by 2025. Additionally, Malaysia aspires to boost its patent applications from 936 in the previous year to 2,000 by 2025.
Furthermore, the government aims to elevate Malaysia’s position from 36th place in the Global Innovation Index to the top 20 by 2025. These efforts are geared toward transforming Malaysia into a high-technology, high-income nation, characterized by heightened productivity and enhanced competitiveness.
Technology Transfer Offices
Technology Transfer Offices (TTOs), also known as Technology Commercialization Offices or Technology Licensing Offices, are specialized units within research institutions, universities, and other organizations that manage the transfer of intellectual property and technologies from academic and research settings to the commercial sector. The primary goal of these offices is to bridge the gap between scientific research and its practical applications in the market, fostering innovation, entrepreneurship, and economic development.
TTOs are responsible for identifying, protecting, and managing intellectual property (IP) assets arising from research activities, including patents, copyrights, trademarks, and trade secrets. They work closely with researchers to evaluate the commercial potential of their discoveries.
TTOs assess the commercial viability of research findings and technologies. They conduct market analyses and evaluate the technical feasibility and potential applications of inventions.
In summary, Technology Transfer Offices play a crucial role in transforming academic research into tangible products, services, and businesses that benefit society and the economy. They facilitate the movement of knowledge and technology from laboratories to the marketplace, driving innovation and economic growth.
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