Agensi Inovasi Malaysia is a statutory body set up by the Government via AIM Act 2010, with the primary purpose of being the driving force behind Malaysia’s push towards establishing an “innovation economy” and the country’s aspirations of achieving a high-income nation status.
AIM has two clear objectives that provide the foundation for the innovation blueprint: to bring about holistic societal well-being through the cultivation of the innovation eco-system, and to drive the national innovation agenda to generate new-wave wealth.
These two goals can be achieved by using the Quadruple Helix approach, where four parties namely Government, Rakyat, Academia and Industry work in synergy to encourage the culture of innovation amongst the population, and to ensure ideas are taken through from Creation to Commercialisation.
Improving the well-being of the Rakyat is at the heart of “Innovating Malaysia” and the central goal of Prime Minister Dato’ Sri Mohd Najib bin Tun Abdul Razak’s administration.
AIM will serve Malaysian citizens through efforts to increase Malaysia’s GDP and level of economic development. One of their approaches involves the building of “platforms,” or ICT sites and services that will help connect people, funders, and businesses. Currently, AIM has set up an investment vehicle that is designed to identify potential products, services or existing businesses that exhibit promise. They call this platform the “Wealth Creation Factory.”
The Spanker recently had dinner with AIM’s top executives and the conversation naturally turned to their objectives and achievements. While Malaysians have made admirable progress over the years, AIM is pushing for a paradigm shift to get Malaysia innovating and its citizens making money.
The Spanker has no objections to making money and will let AIM’s CEO Datuk Dr Kamal Jit Singh elaborate in this video
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