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165958
Sat, 03/05/2011 - 09:56
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Technology Park Malaysia`s Turnover This Year To Exceed 2010`s US$2 BLN

KUALA LUMPUR (Bernama) - Technology Park Malaysia, the country's innovation hotspot, expects an increased turnover this year from the RM6.47 billion (US$2.136 billion) chalked up last year, driven by brisk demand from incubatees and tenants for its wide range of support and services.

Its Vice President, Business Development and Corporate Services Division, Ahmad Husni Johari, attributed TPM's superlative showing to its tenancy rate which was always at the maximum level.

"Our occupancy rate is at 98 per cent, people are now queuing up for space but there is not enough (space)," he said during a briefing on TPM to Bernama led by its Editor-in-Chief Yong Soo Heong recently.

Even more important, besides the numbers was TPM's success in transforming incubatees and tenants into successful entrepreneurs and technopreneurs able to compete in the marketplace.

These people have gained immensely after their ideas were turned into commercially successfull products by no less than TPM, which is Malaysia's most advanced and comprehensive centre for research and development (R&D).

Another feather in its cap was "TPM having created jobs for 9,792
professionals last year compared with 8,573 in 2008 with about 1,000 individuals having secured their services," he said.

Ahmad Husni said those who sought their services included a wide
spectrum of budding entrepreneurs including women and graduates keen to
crystallise their ideas via R&D mainly in biotechnology activities, ICT and engineering technology.

Among products which TPM provided R&D and ultimately commercialised them successfully included "Superbest Power" coffee, "Forest Secret" beauty products, "Jamu Mak Dara," a detoxification herbal product as well as "Dunia Herbs," which are cosmetic and healthcare products.

A technological engineering product that was part of TPM's innovative programme was the user-friendly outboard motor known as "Red1" designed by a former fisherman and marine engineering entreprenuer, Ridzuan Hashim, for coastal fishing.

Public-listed companies which have made it big such as Iris Corporation, Patimas Bhd and Green Packet have had their beginnings as clients of TPM and have emerged as vibrant full-fledged technology business entities.

He said TPM not only provided space but also facilitated business coaching, mentoring, consultancy and training for entrepreneurs in information and communication technology, technology as well as biotechnology.

Two major projects that would expand TPM's activities include a RM65 million Herbal Biotech Centre in Raub, Pahang, and a fruit centre in Perlis. (US$1=RM3.04)

It is also building bridges in innovation with Indonesia whereby about six researchers are now using TPM facilities to conduct research into the benefits of the leaf from the Paliasa tree for cancer treatment.

This was the culmination of Prime Minister Najib Razak's visit to Makassar in South Sulawesi in 2009 where a memorandum of understanding (MOU) was signed between TPM and Indonesia's Universitas Hasanuddin (UNHAS).

Under the MOU, UNHAS researchers would be allowed to use TPM's laboratories and herbal processing facilities in Raub.

Meanwhile, Azrai Shuib, Head of Incubation and Technopreneurs Development, Park Management and Services Division, said: "SMEs can bring their ideas and we will help turn them into products. They can use the facilities that are available here."

TPM Biotech, set up in 2004, provides a complete range of services to local and international clients in product development, manufacturing and marketing for nutraceutical and health products, he said.

"Its Herbal Biotech Centre in Raub is a processing centre where all
semi-finished and finished herbal-based products are produced," said Azrai, adding that TPM Biotech's facility focusing on fruits in Perlis was expected to be fully operational by year-end.

Established in 1996, TPM is a key agency of the Ministry of Science, Technology and Innovation that serves to promote innovation, know-how and commercialisation activities in industries.




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