This is an excerpt from the blog of YB Datuk Seri Panglima Wilfred Madius Tangau, Minister of Science, Technology & Innovation Malaysia:
Jeju Island and Sabah will soon have one more thing in common besides having breath-taking sceneries and being a favourite among international visitors. I have always tried to bring home one good idea from each official or personal trip abroad.
During a rejuvenating vacation in Jeju in July as I have shared before, I visited an innovation hub and start-up incubator based on the island called the Centre for Creative Economy and Innovation.
One year prior to this visit, the Korean government celebrated the first anniversary of 17 creative economy innovation centres around the country. My then counterpart Minister Choi Yang Hee, from the then Ministry of Science, ICT and Future Planning, now renamed as Ministry of Science and ICT, announced that in just a year since the centres’ establishment, they have supported over 2,800 Korean start-ups and small and medium enterprises (SMEs), raising USD 250 million in funding and created 1,400 employment opportunities.
Their public-private partnership model and enormous success impressed me. This is what MOSTI wants to achieve – we want to “democratise science, technology and innovation”. This means empowering ever member of the society to innovate, by ensuring that the support to do that is within their reach.
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