KUALA LUMPUR, Aug 24 (Bernama) — Malaysia establishes an innovation laboratory called Big Data IoT (Internet Of Things) Technology Accelerator (BITX) Lab in facilitating technology and innovation development as an effort to make the internet as the source of the nation’s economic growth.
Established by the Ministry of Science, Technology and Innovation (MOSTI), the lab will be located at MIMOS Berhad (MIMOS) Technology Park Malaysia as a focal point for IoT Malaysia’s first ecosystem.
Science, Technology and Innovations Minister Datuk Madius Tangau said the lab should serve as a technology reference centre and facilitate open innovation activities among industries, academia and government research institutions.
“The lab will also enable the industry to showcase their IoT ideas, prototypes and proofs of concept,” he said during the launching of the three-day MYIoT Week 2015 and the BITX lab here, today.
Implementation of the IoT is expected to contribute RM9.5 billion to Malaysia’s gross national income (GNI) by 2020, and RM42.5 billion by 2025 and also expected to create more than 14,000 new high-skilled jobs.
Meanwhile, MIMOS chief executive officer Datuk Abdul Wahab Abdullah said the newly-launched laboratory would encourage the industry to work together in one central point to facilitate the ideas and development of innovation solutions exchange.
Abdul Wahab said the Intellectual Properties generated by MIMOS were meant to be shared with the industry and MIMOS would provide patented technologies and technological assistance through the facilties.
“In enhancing the country’s comparative advantage and further accelerate innovation activities of the local Research and Development communities, the industry should exploit our research outputs to gain competitive edge in the global arena,” he said.
MyIoT Week 2015 starts today with an IoT Scientific Symposium and an IoT Industry Roundtable, meanwhile a two-day ASEAN IoT Innovation Forum will be held at Hotel Istana Kuala Lumpur, tomorrow and Wednesday.
MIMOS is Malaysia’s national research and development centre in ICT under the purview of MOSTI.