BOOSTING INNOVATION & TECHNOLOGICAL ADVANCEMENTS-MALAYSIA

Adeeb Ul Mulk
Jun 17
2 min read

APPLIED INNOVATION FUND GRANT

Let’s begin by reviewing the facts:

Processes, Systems, or Services:

Improved operational routine is a outcome of process, system, or service design and optimization that surges productivity, lowers expenses, and improves the quality of output.

• Existing Technologies:

By growing their effectiveness, scalability, or mixing into current systems, existing technologies are frequently used to increase innovation while cutting down on the time and risk allied with new venture development.

• Technology and Innovation:

Innovation and technology have long been seen as key sources of competitive advantage, helping businesses develop new goods, expand their market share, and enhance customer satisfaction.

• Economic Growth:

Innovation and technological developments are integral components of economic growth as they create new industries, generate employment and increase productivity.

• Products, Processes, Systems:

By developing innovative products, initiatives, and systems for their customers to enjoy, organizations can meet customer satisfaction more efficiently while adapting to shifting market needs and streamlining operations.

• Technology Readiness Level (TRL):

TRL serves as a systematic metric that helps guide investment and development decisions by measuring technology from initial research (TRL 1) through development to fully functional commercial systems (TRL 9).

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