FRIM forms strategic alliance with AIM
28 August 2012 (Tuesday) – The Forest Research Institute Malaysia (FRIM) has established a strategic alliance with the Malaysian Innovation Agency (AIM) under the National Technology Commercialisation Office (NTCO) initiative to promote innovation ecosystem and wealth creation through the commercialisation of intellectual properties (IP) and research and development (R&D) findings.
The Strategic Alliance Agreement was signed today at the FRIM main campus in Kepong by the FRIM Director General (DG), Dato’ Dr Abd Latif Mohmod, who represented the Malaysian Forestry Research and Development Board (MFRDB), and AIM Chief Executive Officer, Mark Rozario.
This will provide a framework for cooperation and collaboration between the industry, the Government and other stakeholders to promote and support the commercialisation of IP as well R&D outputs that will be beneficial to the country.
It will also facilitate the technology evaluation process including basic market research, IP search and identification of potential licensee(s) for any IP viable for commercialisation.
Under the agreement, both parties will work in synergy to explore the way forward for various projects, starting with the Development of plant-based biocidies and pharmacognosy study of species D3 as a potential Anti-MRSA Agent; and the Development of laminated crushed bamboo panels (‘C-Bam’).
The two FRIM research projects have been identified for collaboration with Korea Institute of Science and Technology.
Abd Latif said the strategic alliance will help to safeguard FRIM’s interest as well as protect and accelerate the commercialisation of FRIM IPs and R&D outputs through the participation of various industries and stakeholders linked AIM.
AIM is spearheading the wealth creation in Malaysia through knowledge, technology and innovation. It is a statutory body established by the Government through the Malaysia Innovation Agency Act 2010, as the driving force behind Malaysia’s thrust towards establishing an ‘innovation economy’ and achieving a high-income nation status.