KOTA TINGGI: The Science, Technology and Innovation Ministry (Mosti) is hoping to get a higher allocation from the 2023 Budget to allow it to commercialise research and development (R&D) activities as well as drive start-up companies.
Its minister, Datuk Seri Dr Adham Baba, said his ministry submitted a proposal via a consultation session with the Finance Ministry on Aug 31.
"We have submitted various viewpoints, such as that the R&D element can no longer be at the fundamental stage and that it must now be at the commercial stage. We must make a shift to become a producer in technology, instead of a consumer.
"So, I have brought up the issue that new technology start-up companies be given space next year to make progress on their R&D," he told reporters after a Keluarga Malaysia Merdeka event here yesterday night.
Dr Adham, who is also member of parliament for Tenggara, said his ministry had been asked by the Finance Ministry to reorganise its strategies to ensure it receives a higher allocation.
The 2023 Budget will be tabled in Parliament on Oct 7. --BERNAMA