Government Financial Incentives for Biomass Commercialisation in Malaysia tang kok mun Technical Coach Biomass SP Project

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

Commercialisation of R&D Government Financial Incentives for Biomass Commercialisation in Malaysia - It is an endeavor fraught with risks & failures - Requires understanding & innovative approaches - Large risks = Large returns

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

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

Incentives for Biomass Commercialisation Government Financial Incentives for Biomass Commercialisation in Malaysia - 9 th Malaysian Plan → 10 th Malaysian Plan - 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)

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

Direct Funding for Commercialisation Related Activities under MOSTI Government Financial Incentives for Biomass Commercialisation in Malaysia

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

Government Financial Incentives for Biomass Commercialisation in Malaysia Incentives for Commercialisation - Green Technology Policy Strategic Thrust 4 : Intensify Green Technology Research, Development, Innovations & Commercialisation - Provision of financial grants or assistance to 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

Government Financial Incentives for Biomass Commercialisation in Malaysia 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

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

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

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

Question & Comments

Speaker’s Profile : Tang Kok Mun 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.