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MOSTI forms MRANTI to facilitate idea generation, development process

November 10, 2021
The Edge Markets
5 mins read

KUALA LUMPUR (Nov 9): The Ministry of Science, Technology and Innovation (MOSTI) has announced the establishment of the Malaysian Research Accelerator for Technology and Innovation (MRANTI) to facilitate the process of generating ideas to impact creation through invention, development and commercialisation of technology and innovation.

Minister Datuk Seri Dr Adham Baba said MRANTI, that was established through the merger of two agencies under MOSTI — Technology Park Malaysia and the Malaysian Global Innovation and Creativity Centre (MaGIC), is expected to operate next year.

“Through MRANTI, Return on Ideas generally refer to the exchange of knowledge to fiscal revenue. MRANTI is set up as a launching platform for technology and innovation to help enterprises, researchers and inventors maximise the return of ideas at a faster rate by optimising synergies,” he said in a statement on Tuesday (Nov 9).

He said MRANTI, formed under the Technology Commercialisation Accelerator (TCA) programme, was in line with the strategy under the policy catalyst to develop future workforce.

Adham said it was also in line with the government’s strategy to accelerate the adoption of technology and innovation as outlined in the 12th Malaysia Plan (12MP).

He said besides offering capacity building programmes and assistance to penetrate the market, MRANTI would also offer prototype facilities and live test fields, as well as other infrastructure facilities and services to researchers and innovators.

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