NTIS is a national initiative led by MOSTI, a national solution coordination and facilitation centre that provides relaxations from all or selected processes and/or regulatory requirements to accelerate the development of innovative solutions from the R&D stage to being commercially ready.
This initiative intends to develop local talents to reach its full potential to transform Malaysia into a high tech nation, thus increasing productivity in multiple economic sectors, and enhancing Malaysia's digital infrastructure and technology platforms.
Futurise has been appointed by MOSTI as the implementing agency for the National Technology and Innovation Sandbox initiative that was announced in 2020 by former Prime Minister Mahiaddin Yassin, to drive the National Regulatory Sandbox. Our purpose is to speed up the development, adoption and commercialization of local technology and innovation in all stages, hence boosting Malaysia’s innovation and commercialization rate through accordant advisory service, facilitation and intervention.
Within NTIS, Futurise acts as a technical evaluator to evaluate innovations from the aspects of regulatory. Futurise is also a part of the Technical Committee (TC) as well as Executive Selection Committee Member (ESC). This is to ensure the process of NTIS to be well coordinated in its implementation.
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