Bioeconomy Transformation Programme (BTP) is a platform provided by the government for the private sector to channel and maximise commercial opportunities in bio-based industries.
Through BTP, the government and leading industry players will work in tandem to set national goals for the application of biotechnology in agriculture production, industrial manufacturing and human health, put in place the structural conditions required and develop necessary mechanisms to ensure that policy can flexibly adapt to new opportunities.
BTP is designed as a transformation programme based on biotechnology’s potential to cut across various different industries and transform Malaysia into a high income, inclusive and sustainable economy.
BTP has been endorsed by Malaysia’s National Bioeconomy Council and launched by the Honourable Prime Minister of Malaysia on 30 October 2012.
BTP will promote a knowledge based bioeconomy through the establishment of a sustainable ecosystem of R&D and commercialisation in the areas of agriculture, healthcare and industrial biotechnology.
In addition to the bio-based industry, BTP also focuses on other industries and economic sectors that produce, manage and utilise biological resources, including agriculture, forestry, fisheries, food production, healthcare, chemicals and renewable energy.
BTP’s vision is to develop Malaysia as a global high income bioeconomy by 2020 and is a continuation of the implementation of strategies outlined in the National Biotechnology Policy.
It also includes participation of industry players and peripheral companies that support the development of the local bio-based industry.
TARGETS OF THE BTP
BTP is targeted to contribute RM48 billion of the Gross National Income (GNI) in 2020, promote 170,000 of job opportunities and attract RM50 billion in investments by 2020.
Since the launch of the BTP in October 2012, BiotechCorp continued to identify high-impact bioeconomy projects within the bio-based industry that would contribute to these targets.