Malaysia is an open and small economy with scarce resources. To move up the global innovation and competitive value chain, Malaysia must focus its efforts in developing key S&T and socio-economic drivers that ensure sustainable economic development. In this context, Malaysia must invest in key S&T drivers that deepen the impact of socio-economic drivers and target key priority niche areas to establish global leadership. To ensure the 10-10 MySTIE Framework contributes to nation building, a systematic ecosystem approach needs to be taken. It must incorporate strategic collaborative partnership approach among players such that they create a multiplier effect for inclusive development. This is to ensure no community is left behind in the transition to a developed nation and future-proof sustainable development. The 10-10 MySTIE Framework will enable the deployment of high impact projects to address needs of communities as well as quality of life at specific localities across Malaysia. The mechanism comprises 6 steps, premised upon an ecosystem approach (8i STI ecosystem enablers) as follows :
1 FOCUS
Build an understanding of the emerging global technologies (10 S&T Drivers) and how they impact your core operations and influence key socio-economic areas.
2 PRIORITISE
Identify niche areas for priority investments to build positions of global leadership based on strengths and needs in your core business, in relation to the emerging global technologies.
3 SYSTEMATISE
Define a holistic approach (8i STI ecosystem enablers) to ensure systematic development that deepens the impact of S&T drivers on socio-economic development.
4 COLLABORATE
Foster an ecosystem-wide collaboration with key players for the deployment of high-impact projects at identified localities to create multiplier effect for shared prosperity.
5 INCLUSIVE
Initiate locality-specific STIE ecosystems to inclusively harness resources and talent to enhance return on value and improve the quality of life of the rakyat.
6 FUTURE-PROOF
Conduct regular foresighting to ensure the STIE ecosystem is adapting to change and is able to mitigate risks associated with uncertainties and volatilities.
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