8 December 2020 – The “10-10 Malaysia Science, Technology, Innovation and Economy (MYSTIE) Framework ” was launched by the YB Minister of MOSTI.

The Minister quoted “The release of the 10-10 MySTIE Framework is crucial as we embark on a journey of socio-economic transformation powered through the creation of a vibrant STIE ecosystem. The Framework will pave the way for the nation to improve its innovative and creative capability as a means of enhancing economic competitiveness and quality of life.

This Framework serves to bring together diverse stakeholders to collaboratively nurture a strong national STIE ecosystem for the robust development of sectors, thereby enabling shared prosperity for all citizens of Malaysia. It will bring together partners from different strata of society, leaving no one behind”.

The President of Akademi Sains Malaysia (ASM), Prof. Datuk Dr. Asma Ismail also quoted, “With the 10-10 MySTIE Framework, we hope to inject new life into Malaysia’s research, innovation and enterprise activities. The Framework provides a fresh holistic ecosystem approach to co-create a new future for the nation.

The 30 National STIE Niche Areas provide an opportunity to build collaborative networks and platforms towards establishing vibrant innovation ecosystems across Malaysia. These ecosystems in turn need to be strengthened through regular foresighting to be agile, relevant and impactful over time. The 10-10 MySTIE Framework serves as an integrative tool for government, researchers, innovators, industries and communities to work together to transform Malaysia into a harmonious, progressive, prosperous and sustainable nation.”

This Framework will enable key sectors of the economy to become more knowledge- intensive and innovation driven. Thus, we should no longer become a Consumer-Nation but also become a Producer-Nation and should be proud of our own products and technologies.

Maybe what’s lacking in the Framework is how to translate them into real action items and the Key Performance Indicators. How do we measure the success of this Framework? The 8i STI Ecosystem Enablers need to be elaborated further and have to be assigned to the right Champions.

Many Blueprints, Frameworks Strategies failed because they lack continuous monitoring and Champions to breakdown any barriers. Probably building a database of experts is a start and have a Project Management Office at the highest level in the Ministry.

Download – 10-10 Malaysia Science, Technology, Innovation and Economy (MYSTIE) Framework


IoT is one of the Core Technologies for 10-10 MySTIE

IoT is seen as an enabler for many economic sectors. However, many are still unaware of how to best use IoT in their economic sector. People have difficulty understanding where and how IoT can be implemented in their businesses. Thus, Favoriot, an IoT startup in Malaysia, offers extensive IoT training for organizations that wish to transform their operations.

  1. IoT for Business Professionals (theoretical and workshop style) – great for building your IoT business
  2. IoT Fundamentals using Favoriot IoT Platform (hands-on) – connect and rapidly display data on a dashboard
  3. Advanced IoT using Favoriot IoT Platform (hands-on) – set up IoT gateway and build your custom-made web dashboard.
  4. IoT Specialist (hands-on) – go deeper into IoT analytics

Start Your IoT Journey with FAVORIOT [Videos]

Related Audio Book Review

In “Shaping the Future of the Fourth Industrial Revolution,” Klaus Schwab and Nicholas Davis provide a practical guide for citizens, business leaders, social influencers, and policymakers to influence how technology transforms our world. The audiobook, read by Nicholas Guy Smith, draws on contributions by over 200 experts to explore 12 different technology areas central to the future of humanity, from AI and cryptocurrencies to biotechnologies and advanced materials. The authors argue that emerging technologies are not predetermined forces out of our control but can be shaped and influenced by our actions today. “Shaping the Future of the Fourth Industrial Revolution” is a must-listen for anyone interested in the impact of technology on society.

About Favoriot

Favoriot is an IoT Startup company that began its operations in 2017 with the vision to “IoTise all businesses.” Favoriot offers a user-friendly IoT platform that has been used by more than 6800 developers from 121 countries worldwide. Favoriot also offers IoT training from Fundamental to Specialist to create a new “Generation-IoT” to fill the IR 4.0 talent gaps in the country. As a Malaysian-made technology, the Favoriot platform has now been used by the industry, government, and academia.
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