STV outlines plans for TECH
SIRIM Tech Venture Sdn Bhd (STV), a subsidiary of SIRIM Bhd, has outlined plans for Technology Enterprise and Commercialisation Hub (TECH) by next year under its ten years strategic plan.
SIRIM STV chief executive officer Ajmain Kasim said the initiative emphasises on collaborating with existing commercialisation agencies and networks to bring more value from technological innovation.
“As one of our plans in promoting technology commercialisation, we want to establish a structured platform and release new apps called iVenture Tech.
This is a common platform dubbed as “marketplace” for the commercialisation process and database of technologies that are at a higher technology readiness level where the sources are mainly from universities and research institutes.
“The full-fledged commercialisation hub will link all parties into one common virtual network of commercialisation agencies and its relevant partners,” Ajmain told
here, recently.
He said the platform has various services to fulfil the needs of stakeholders, such as technology scouting and screening, business linkages and fund advisory, technology assessment, market study and techno-economic analysis study, technology valuation, market validation, product development and enhancement and technology licensing agreement. Other market access services like testing, certification and regulatory compliance will be provided to increase technology maturity to match industry needs.
“In return, all parties will gain benefits in terms of a new product, new process, new business model, intellectual property rights and more,” he added.
Ajmain said the plans are important for STV as part of their commercialisation of technological innovation initiative to help in harnessing value for the nation to move faster towards a developed nation status.
“The government is committed in intensifying research and development (R&D) activities with a budget of RM524 million next year so that relevant parties are geared towards promoting the commercialisation of R&D activities to transform intellectual property rights into commercially exploitable opportunities.
It is also part of the economic development that supports initiatives towards Shared Prosperity Vision 2030,” said Ajmain.
He said STV plays roles in accelerating business commercialisation by connecting, collaborating and co-creating with the sources so that innovation can be perfected to match demand in the industry.
“There is a mismatch of demand and supply in the market, where the sources of technology innovations are yet to reach TRL that are economically viable for industry to take up.
“What we mean by co-create is that the respective parties will foster technology enhancement in a collaborative manner by broadening the applications, increasing frequency and making the innovation better,” he said.