The collaborative ecosystem is to be developed for all sectors but focus will be on value creation in strategic priority areas.

The aim of the collaborative ecosystem is to bring together the drivers (industry players and researchers) and enablers (Government regulatory bodies, institutions of higher learning and civil society) of innovation.

There will be knowledge clusters to be developed within each industry. Each cluster provides avenue to gather corporates who will provide product and sales strategy while researchers will contribute to product development with the latest technology.

The R&D community brings value creation which is brought to the market as knowledge-based, high value products and services, while market intelligence from market players feed into the R&D community to render demand driven R&D.

The network will be a public-private partnership jointly funded by the government and industry players.

Disruptive innovation carries higher risks, potentially higher rewards but players may be prohibited by the high costs. Collaboration enables risk sharing, thereby lowering the risks and barriers faced by each player.

The key feature of the network is the creation of a positive feedback loop based on knowledge, in particular in science & technology. There will be continuous improvement made possible by the constant flow of shared information from one stakeholder to another.

With extensive people driven interactions taking place in the network Malaysia will become from a knowledge hub into a talent magnet and thus reducing the loss associated with brain drain.

The collaborative network enables alignment of interests leading to the promotion of a shared value ecosystem where coalitions of players pursue efforts to solve common problems that in the end yield both financial and societal benefits.

The network will be administered by a trusted neutral entity in collaboration with the founding members. It will also initiate and coordinate the formation of the collaborative network.