R & D Expenditure by R &D Expenditure by National Priority Areas, 2020 R&D Expenditure by National PriorityAreas, 2020
Type of Research (RM Million), 2010 - 2020 R&D Expenditure by R&D Expenditure by Type of Research (RM Million), 2010 - 2020
67.1% Energy Security
226
4468
838
6.7% Environment and Climate Change
2341
3324
1175
10.8% Other
217
5669
493
1147
7250
1609
3.1% Plantation Crops and Commodities
311 641
2984
2989
3.5% Biodiversity
756
3544
3.4% Medical and Healthcare
Experimental Development
Applied
Basic
Basic
Applied
Experimental Development
When it comes to business enterprises, their R&D expenditures primarily emphasise applied research, enabling them to develop products that are challenging for competitors to duplicate. Concurrently, these R&D endeavours can enhance productivity, thereby boosting profit margins and giving them a competitive advantage.
1.7% Transportation and Urbanisation
1.6% Cyber Security
1.1% Food Security
1.0% Water Security
• Cost Management - R&D is not only conducted for product improvement, it can also contribute towards managing operating costs which often take up a substantial portion of a company’s expenses. Research into efficient technologies and practices can lead to cost savings, and increased productivity will make businesses more competitive. While business entities do conduct research according to the National Priority Areas, 67.1% of them focus on Energy Security. Undeniably, energy security has direct and indirect impact to these business owners. Numerous industry participants engage in research within the energy security domain for several compelling reasons: 1. Resource Dependence Management 2. Risk Mitigation 3. Regulatory Compliance
0.3% Other Funds
3.4% Foreign Funds
1.7% Business Enterprises 7.7% Government
Source of R&D Funds, 2020
86.9% Institution - owned
• Innovation and Sustainability 1. Competitive Advantage (Being proactive) 2. Supply Chain Resilience 3. Market Trends 4. Managing Public Perception
Almost 90% of the funding is sourced internally, meanwhile entities utilise their own fundings to conduct the research.
• In summary, industries conduct research in the energy security field to safeguard their operations, reduce risks, manage costs, stay compliant with regulations, and position themselves for a sustainable and competitive future in a rapidly evolving energy landscape.
National Survey of Research and Development (R&D) in Malaysia 2021
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