NSI aims for self-sustainability
National Sports Institute (NSI) hope to earn between RM15-20 million this year in a revenue-generating initiative aimed at making the organisation self-sustainable in the future.
ISN chief executive Ahmad Faedzal Md Ramli said the government has ordered all statutory bodies to look at ways to generate income.
The lions share of NSI’s income is expected to come from government agencies though they are also hoping to generate income from other areas.
“We will be reassessing our business model and will look at areas in which we can capitalise on commercialisation and licensing (fees),” said Faedzal.
“We are looking at developing quality products.
“For example, we are now working with a consultant from the United Kingdom to develop new cycling products.
“At the moment our income is mostly from the delivery of medical and sports science services.
“For this year, we are forecasting between RM15-20 million (revenue) based on this new model we have with the National Sports Council (NSC).
“Going forward all athletes will be charged a fee for medical and sports science services.
“For example we recently inked a strategic partnership with Sepang International Circuit (SIC).
“So all their (SIC) riders and trainees will be charged for the services we provide.”
Faedzal, however, assured that national athletes who were previously not charged for NSI's services do not have to worry about the fees as they will be billed to the NSC.