KUALA LUMPUR, March 24 (Bernama) -- NanoMalaysia Bhd is looking at jumpstarting nanotechnology development to enable it to contribute one per cent to Malaysia's gross national income (GNI) by 2020, said Chief Executive Officer, Rezal Khairi Ahmad.

"The company would use four sectors -- electronic devices and systems; energy and environment; food and agriculture; and, healthcare, medicine and wellness -- to achieve the target, which would be equivalent to RM15 to RM17 billion then," he said.

Rezal said this at the signing of memorandum of understanding (MOU) with Universiti Teknologi Petronas (UTP) here Monday.

Also present were Ministry of Science, Technology and Innovation (MOSTI) Deputy Secretary General (Science), Zulkifli Mohamed Hashim, who represented the minister Datuk Dr Ewon Ebin, and UTP Vice-Chancellor Datuk Dr Abdul Rahim Hashim.

Under the pact, the parties are set to play significant roles in the development and roll-out of thermal management for light-emitting diode industry in Malaysia.

Rezal said the collaboration aimed to exploit UTP's technology know-how by forming general framework for new business development with potential business partners of new invention and/or innovation of nanotechnology product, through various commercialisation processes.

Abdul Rahim said the MOU marked an important milestone for UTP's journey towards becoming an international recognised higher learning institution.

Earlier, Zulkifli Mohamed Hashim said NanoMalaysia-UTP partnership marked an important occasion for both parties and MOSTI, in conjunction with 'MOSTI Commercialisation Year 2014'.

-- BERNAMA

Originally posted here:

NanoMalaysia Eyes To Contribute One Per Cent Of GNI For Nanotechnology