Extracted from RMK10 Jun 11, 2010 - Parlimen

To bridge the gap between invention and commercialisation of high-technology products, the Government will establish a Business Growth Fund with an allocation of RM150 million. The fund will focus on supporting companies commercialising public sector research results and will provide hybrid grant-equity funding. The goal is to support companies until they can generate sufficient commercial value to attract venture capital funding and financing from other institutions.

Existing public venture capital initiatives will be rationalised. MTDC, will be restructured so that it focuses on its developmental mandate of nurturing technology transfer and commercialisation, while a new technology investment company will be set up to manage funds and investments transferred from the MTDC and Khazanah Nasional. The Government will continue to fund innovation by allowing tax deductions for R&D and providing matching grants to promote private sector funding of R&D and commercialisation. In addition, a dedicated programme known as 1-InnoCERT, which assesses the innovation level of enterprises, will further stimulate R&D activities through funding incentives such as access to preferential rate loans, credit guarantees and grants.

Appendix 2: Progress and Achievements of the Ninth Malaysia Plan, 2006-2010 Thrust 2: Raising the Capacity for Knowledge and Innovation and Nurture ‘First-Class Mentality’

Commitment Output Improving Education Quality and Accessibility  Increase education attainment  Enrolment in higher education rose from 649,000 in of labour force for better 2005 to 949,000 in 2009, raising the participation rate of productivity and quality population in the age group 17-23 years from 27.0% in 2005 to 31.4% in 2009 • Community colleges assumed greater role in implementing retraining and skills-upgrading programmes, benefiting a total of 507,940 participants • 76,940 unemployed graduates, school leavers and displaced workers were trained under the two economic stimulus packages • Labour force with tertiary education was 23.4% Greater private sector  • A total of 1,357 companies participated in National Dual Training participation in training and System involving 20,460 trainees increased supply of work force with hands-on training to meet • The intake of public technical education and vocational training rose industrial needs by 1.5% annually to reach 88,050 in 2009with the establishment of 10 skills training institutes and upgrading of 16 existing institutes • Intake at the Malaysian Skills Certificate (SKM) at Level 4 or diploma in the advanced public training centres increased from 7,110 in 2005 to 29,840 in 2009 • The National Skills Development Act was enacted in 2006 to enable

1 enforcement of accreditation procedures Equal opportunity to quality  • The number of primary schools increased from 7,601 in 2005 to 7,664 Education in 2009 • The number of secondary schools increased from 2,028 in 2005 to 2,219 in 2009 • Clean water supplied to 555 schools in rural areas benefiting more than 200,000 pupils (as at March 2010) • All rural schools in Sarawak and 92% in Sabah provided with adequate electricity supply (as at March 2010) • Projects for solar energy were initiated to complement the existing electricity supply to 102 remote schools in Sabah (as at March 2010)  All pupils able to read and Pre-school participation rate for children aged 4+ to 5+ year-olds rose write prior to formal education from 63% in 2005 to 67.6% in 2009

Making National Schools the School of Preferred Choice • Quality teachers that will • Graduate teachers for primary and secondary schools are 28.0% and increase 89.4% (2010) the appeal of national schools • Established internet access centres in 30.6% or 3,025 schools (2010) • Improve teaching and learning methods to enhance quality of national schools

Creating Tertiary Institutions of International Standing Malaysia as a regional  • Increased proportion of academic staff with PhD qualification in educational hub public universities from 26.6% in 2005 to 35.9% in 2009 • 4,156 lecturers in public universities pursued PhD qualification • Enrolment of post graduate was 19.5% in public institutions • Accelerated Programme for Excellence (APEX) was introduced to raise performance and competitiveness of the public universities • Rating System for Malaysian Higher Education (SETARA), was introduced in 2007 to enhance the quality and promote best practices among public universities

Nurturing Quality R&D and Enhancing Scientific and Innovation Capabilities • Increase capability for • The ratio of research scientists and engineers per 10,000 labour force scientific R&D and innovation to was 20.3 (2008) move the economy up the value chain

Fostering a Society with Strong Values • United society with high • 430,776 youth benefited from National Service Programme (2010) patriotism and integrity • 1,896,496 participants benefited from National Civics Bureau programmes