Page 156 - SP2025
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Strategic Plan 2025 - 2030 | MEITD





                                                                                Annual Target
            Strategic Objective        Performance Measure                                                      Strategic Initiative     Outcome
                                                              2025     2026    2027    2028    2029     2030
                                                                                                                                             biotechnology, and
                                                                                                                •   Global Promotion
                                                                                                                                             green industries.
                                                                                                                                         ●   Greater Access to
                                                                                                                                             Funding and Resources
                                                                                                                                             → Enhanced support
                                                                                                                                             through grants, venture
                                                                                                                                             capital, and incubator
                                                                                                                                             programs to accelerate
                                                                                                                                             business growth.

                                                                                                                                         •   Higher
                                                                                                                                             Commercialization of
                                                                                                                                             Innovations →
                                                                                                                                             Improved translation of
                                                                                                                                             research and ideas into
                                                                                                                                             market-ready products
                                                                                                                                             and services.

                                                                                                                ●   Establish   Strategic  •   Stronger     R&D
                                                                                                                    Partnerships             Ecosystem        →
                                                                                                                ●   Promote   Technology     Increased   research
                                                                                                                    and Knowledge Transfer   output,  patents,  and
                                       Number of innovation     60       65      70      75      80       90    ●   Organize  International   commercialization   of
                                                                                                                                             innovations.
                                       events organized                                                             Conferences     and   •   Expanded  International
            Expand International                                                                                    Summits                  Collaboration    →
            Collaboration and                                                                                   ●   Enhance  Branding  and   Strengthened
            Knowledge Exchange                                                                                                               partnerships with global
                                                                                                                    Marketing  of  Sarawak’s
                                                                                                                    Innovation Ecosystem     research   institutions,
                                                                                                                                             industries,  and  funding
                                       Number   of   Sarawak-                                                   ●   Achieve       Global     agencies.
                                       based       innovations                                                      Recognition          •   Attraction of High-Value
                                       featured  in  international   5   10      15      20      35       30    ●   Long-Term   Innovation   Investments → Greater
                                       forums or competitions                                                                                foreign        direct
                                                                                                                    Planning
                                                                                                                                             investment  (FDI)  and

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