Kuching: Malaysia Bioeconomy Development Corporation (Bioeconomy Corporation) aims to attract more than RM300 million in potential investments through the National Bioeconomy (NBiO) Showcase, held alongside the Sarawak International Digital Economy Conference (IDEC) 2025 here. Chief executive officer Mohd Khairul Fidzal Abdul Razak said the event underscores the corporation’s commitment to demonstrating how digital technology and artificial intelligence (AI) integration can strengthen the nation’s digital bioeconomy sector.
According to BERNAMA News Agency, Mohd Khairul expressed pride in collaborating with Sarawak Digital Economy Corporation (SDEC) to showcase how digital technology and AI can drive growth in the bioeconomy sector. Sarawak’s rich biodiversity is highlighted as a key strength for potential growth. The Bioeconomy Corporation provides guidance and support for entrepreneurs, including research and development, market access, financing, and product development assistance.
Sarawak Premier Tan Sri Abang Johari Tun Openg’s visit to the NBiO Showcase booth led to discussions about potential collaborations in sectors such as agriculture and healthcare. There is also a proposal for a special programme for Sarawak’s local entrepreneurs next year. The NBiO Showcase at IDEC 2025 is seen as a vital step in building a sustainable bioeconomy ecosystem in Sarawak through collaboration between government, industry, and research institutions.
To date, over 70 local Sarawak companies have participated in Bioeconomy Corporation’s programmes, with hopes for more local entrepreneurs joining to expand the bioeconomy ecosystem across Borneo. Deputy Minister for Education, Innovation and Talent Development Sarawak, Datuk Francis Harden Hollis, highlighted successful investments totaling around RM574 million in bio-based industries by 22 Sarawak-based companies with BioNexus and Bio-based Accelerator (BBA) status, thanks to Bioeconomy Corporation’s guidance.
A notable collaboration between Bioeconomy Corporation and Universiti Malaysia Sarawak was announced, focusing on regenerative medicine and sustainable materials promotion and commercialisation, as well as talent development in biotechnology and related sectors.