Yap: Sarawak Biodiversity Centre amendment bill bridges innovation, commercial value

AI Summary

The Sarawak Biodiversity Centre (Amendment) Bill, 2025 aims to bridge the gap between scientific innovation and commercial value derived from Sarawak's biodiversity. It empowers the Sarawak Biodiversity Centre (SBC) in research, intellectual property ownership, licensing, and commercialization, ensuring benefits are returned to the people. The bill allows SBC to incorporate a company for efficient commercialization of research findings, facilitating collaborations and attracting investment while maintaining local control over Sarawak's resources.