Malaysia has realized the importance of biotechnology and in order to realize its dreams is roping in two Bay Area partners to become a biotechnology center. It is trying to emulate Singapore which has been quite successful in this area.
In order to make it possible the country is in the process of launching $200 million venture capital fund which would be co-managed by Burrill &Co. and Malaysian Technology Development Corporation.
It seems that the whole of Asia is gearing up to do something in the field of biotechnology.
