Development institutions: An instrument to Boost the Economy

摘要

All these efforts are expected to help overcome difficulties such as the underdeveloped stock market, low capitalisation of domestic companies, and a lack of the flexible market mechanisms which would reorientate investment to processing The national development institutions were expected to become an "end-to-end chain" to support innovations. This concept works as follows: each innovation rests on an idea or a "model" of the future "commodity"; then a production technology needs to be set up; and, finally, an enterprise needs to be established to market the "commodity". So it was expected that CMAR would study the "models" in terms of their marketability and, if the "model" is found marketable, NIF would develop a pilot "technology" to put the same into production. Then the project would be taken up by the Engineering and Technology Transfer Centre (a NIF's subsidiary), which would conduct pilot tests and prepare a feasibility study. The players at the final stage are IFK and DBK.