The Ministry of Science, Technology and Innovation (MOSTI), a government ministry leading sustainable technological development in Malaysia, joined forces with the Malaysia Innovation Foundation (YIM), the Malaysian agency focused on promoting and cultivating local innovations, to host the long-awaited Malaysia International Technology Summit (MITS) 2021.
(PRUnderground) October 18th, 2021
The summit gathered international leaders from their respective fields to discuss the application and cultivation of science, engineering, technology and innovation in achieving lifestyle sustainability as well as efforts to attract foreign investment to Malaysia.
The summit offered a great platform for target groups such as; innovators, scientists, engineers, technologists and scholars, from various disciplines in Malaysia and abroad, to exchange views on the latest developments in the Innovation Ecosystem, through Science and Technology to meet challenges at an international level in various aspects including:
- The latest technology and innovations from Malaysia
- Trade and business opportunities
- Creation of a tech-centric community
- Relationships with like-minded communities
The Minister of Science, Technology and Innovation, Dato’ Sri Dr Adham Baba said: “Expo 2020 and MITS 2021 are opportunity platforms for Malaysia to showcase its innovations to the world and find new ways of collaborating, not only to benefit Malaysia but all nations. Through collaboration and knowledge sharing we can create a sustainable world which not only looks after humanity, but also nature.”
The event was opened with a special address by the Ambassador of Malaysia to the UAE, His Excellency Mohd Tarid Sufian, on behalf of YB Dato’ Sri Dr. Adham Baba, Minister of Science, Technology & Innovation. Malaysia also announced the launch of the “Malaysia Pavilion Virtual platform.” Through this platform, people can experience the Malaysia Pavilion virtually and live stream events from the pavilion: www.malaysiaexpo2020.com
His Excellency Mohd Tarid Sufian, said: “On behalf of the Minister of Science, Technology and Innovation (MOSTI), it is my honour to officially launch the Malaysia International Technology Summit (MITS) 2021 and warmly welcome remarkable innovators, engineers, technologists and scholars from all across the globe to our flagship event. I would like to thank Prof. Muhammad Yunus from Grameen Bank Bangladesh and all other prominent speakers for being part of this summit.”
Malaysia is anticipating signing over 40 MOUs during the course of Expo 2020 on a Business-to-Business (B2B), Government-to-Government (G2G) and Government-to-Business (G2B) level. MITS 2021 marked the signing of some of the first MOUs, with MOU exchange ceremonies between Malaysia Innovation Foundation (YIM) and Gujarat Grassroots Innovation Augmentation Network (GIAN) to co-operate in exploring grassroots innovations and Malaysian Global Innovation & Creativity Centre (MaGIC) ASEAN Centre of Entrepreneurship (ACE) and District 2020 (Scale2Dubai) to scale and unlock the Middle East and North Africa (MENA) and Asian Markets. This brings the tally of signed MOUs with Malaysia to three.
The day was marked with knowledge sharing sessions from industry experts presenting six masterclasses featuring discussions around key global topics such as; “Ideas and Solutions about Involvement of the Malaysian Government in the Innovation and Commercialisation Landscape”, “Technology Commercialisation Accelerator: R&D Product Creation and Commercialisation with New Emerging Technology”, “World-class Professional Organisation for Technologists and Technicians: Elevate, Visibility & Recognition”, “The Impact of STIE-Oriented Global Competitiveness Strategies and Transmission Mechanisms on Economic Growth”, Southeast Asia: An Emerging Digital Powerhouse”, and “Sustainable Development: Role of Science, Technology and Innovation”.
The one-day summit, which was held at The Address Dubai Marina, Dubai, United Arab Emirates (UAE), on October 5th 2021, is one of the key events, in conjunction with Malaysia’s participation in Expo 2020 Dubai, set to act as a catalyst to jumpstart Malaysia’s pandemic-hit economy.
About Yayasan Inovasi Malaysia
Malaysia Innovation Foundation (YIM) is an agency under the Ministry of Science, Technology and Innovation (MOSTI) that is tasked to translate innovation to wealth, strive to transform innovative mindsets through their projects. YIM acts as a platform to discover, develop and match innovation development funds with a network of more than 4,000 innovators nationwide. YIM is focused on promoting and cultivate potential grassroots innovations and potential social innovations to be commercialised while improving the well-being and the quality of life of Malaysia’s citizens especially in targeting B40s, children and youth, women, rural fold, people with disabilities (OKU) and non-governmental organisations. In addition to this, YIM is implementing initiatives that are in line with Government policy to ensure the country has the highly knowledgeable, multi-skilled, creative, and innovative human capital to meet the needs of the country by 2050 especially to support the 4IR and STIE policy. To know more about Yayasan Inovasi Malaysia, do check out our website at www.yim.my.
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Original Press Release.