Positive Impact of Research Activities to Solve Challenges, Advance Society
KUALA LUMPUR: The University of Nottingham Malaysia (UNM) welcomes the Government’s boost for technology and innovation and is in full support of its intention to stimulate research and innovation activities. Under the technology and innovation pillar of Budget 2024, tabled on 13 October, a total of RM510million will be made available as research and development funds under the Ministry of Science, Technology and Innovation and the Ministry of Higher Education.
Of the total allocation, RM50million is earmarked as a matching grant for public universities to collaborate with the private sector to stimulate research and innovation activities that can be commercialised. A total of RM76 million is also provided to empower the Research and development, commercialisation and innovation (R&D&C&I) ecosystem through the provision of funds to support the commercialisation of products created by business enterprises, NGOs as well as Government departments and agencies.
“As an institution that is grounded in research excellence, UNM is deeply encouraged to see the Government’s emphasis on an economic growth model led by research, development, and innovation. Malaysia has great potential and a proven track record in producing cutting edge research. We believe the additional support of grants and funds is a step in the right direction to accelerate the research and development of innovative ideas and concepts to address modern day challenges and advance the nation,” said UNM Provost and CEO, Professor Sarah Metcalfe.
UNM’s world-class research centres around a wide portfolio of interdisciplinary areas, designed to address some of the major challenges in today’s world. This includes creating a healthier, more sustainable, and resilient future, and addresses problems that are global in their reach, but also focused on finding solutions that improve the lives and livelihoods of people locally and in the ASEAN region. UNM is rated 5-Star under the Malaysian Research Assessment (MyRA) system.
