He said in Sweden, there is a culture of innovation extending to all levels of society and for every 100,000 inhabitants of the country, there are 1,150 patents in force.
"We certainly can learn from the Swedish because they have done well in this area.
"They have gone through the innovation cycle and have a very good idea of what works and what doesn't," he said at the Sweden-Malaysia Innovation Day here Tuesday.
"We are very impressed with Sweden. It is a small country but has managed to produce many well known companies," he added.
Mustapa said he understands that the Special Innovation Unit (UNIK) under the Prime Minister's Department, will be closely following the Triple Helix model of innovation transfer successfully used in Sweden.
The model emphasises the importance of interactions between universities, businesses and the public sector in contributing to innovation, he said.
Meanwhile, the Director General of the Swedish Governmental Agency for Innovation Systems(VINNOVA), Charlotte Brogen said Malaysia has plenty of opportunities to take innovation to the next level.
She said Malaysia had taken a good step in promoting innovation with the establishment of UNIK.
"We are pleased to cooperate with our Malaysian counterparts in exchanging ideas on how we work and stimulate innovation in society," she added.
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