The science, technology and innovation minister says Malaysia is spending only a small amount compared with other countries’ expenditure on innovation.
Science, technology and innovation minister Chang Lih Kang said if Malaysia doesn’t ramp up R&D funding it will be left behind in the tech race.
He said Malaysia only ploughs 1% of GDP into R&D, while other countries such as South Korea typically invest 4% of GDP. “R&D takes a long time for results and achievements to be seen. If our investments in R&D are not large enough, we will be left behind,” he said at a press conference after the state-level National Science Week Carnival 2023 and Malaysia Techlympics 2023 South Zone Level at the Melaka International Trade Centre .
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