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Encouraging innovation in Malaysia Appropriate sources of finance
Cassey LeeAI-generated Abstract
This article analyzes the financing of innovation and technology in Malaysia by utilizing national surveys on research and development (R&D) conducted since the mid-1990s. It highlights the effectiveness and appreciation of government support for innovation among firms, emphasizing the challenges faced by microenterprises and small and medium enterprises (SMEs) in accessing appropriate financing. The findings indicate that while a significant percentage of firms recognize the importance of government support, the actual uptake of such support remains low.