between academia and GVC such as between Malaysian Technology Development Corporation (MTDC) with local research universities where innovative technology receives seed funding from MTDC. However, such collaboration still requires a lot of optimization to fully benefit the stakeholders. These elements are important as the field is relatively new, and RD&C is needed. Such support would greatly benefit aspiring entrepreneurs to navigate the complex and challenging relatively new field to grow, prosper and contribute to the country’s economy. Public procurement and public-private- partnerships (PPP) could possibly be used as instruments for facilitating market entry, in that they can help build a solid portfolio of references. The robotics sector is developing rapidly. Universities are finding it hard to keep up with the pace of change. This leads to companies taking the role of teaching institutions to fill the skills gap. Students spend years being taught on material that is not relevant. To overcome such skills gap, universities and industry need to align curricula to the industry’s need and to the latest developments in research on the other. Given that academia-industry collaboration in RD&C is a critical success factor similar approaches could possibly be extended to the skill's domain. Robotics companies, research and training institutions could form partnerships with a focus on skills. Alternatively, traineeship programs could possibly be subsidised if they involved teaching from the robotics company. Malaysia next strategic move and positioning Malaysia is in a better position to ride the collaborative robot wavewhileit isstillattheearlystagesof itsdisruptiveexponential growth trajectory. The E&E cluster has several established companies manufacturing pick and place equipment with a vision system for the semiconductor back-end manufacturing line. There appear to be companies that manufacture AGV, UAV, UGV, UUV, ROV, driving simulators and gaming machine. These companies could possibly be the catalyst to spur the development of the advance industrial automation 4.0 and the collaborative robot’s industry cluster. As the global leader in
Islamic finance, Islamic FIs in the country must be encouraged to participate and ride the growth of this new promising field. To date, this vibrant with diverse set of industry players already included legal, accounting, technology, and rating companies, as well as commodity trading platforms. In 2011 Malaysia and Korea signed a bilateral cooperation of 4 working groups including the E&E and ICT. In 2014 MITI in collaboration with MOSTI and MIGHT initiated a flagship program for robotics focusing on the development of health care robots for stroke patients. TPM was mandated to develop the robot in collaboration with UniKl and input from the medical professionals. In addition, TPM was proposed to be the robotic incubator while SIRIM was tasked to be the technology depository, for Robotic Technology. The Malaysian parties are to work closely with the Korean counterpart under the umbrella of the bilateral cooperation working group. TPM has completed the prototyping of the health care robot. This platform could possibly be extended now to include collaborative robots with new funding. MIGHT to facilitate as it did before to get the industry, government, and academia to chart and monitor the implementation of the industry cluster for robotics, instrumentation, and advance industrial automation the collaborative robot. There is no question that collaborative robot technology is at the heart of the disruption of the factory and with demand and technology growing side-by-side, cobots are poised for a watershed moment. Better automation will have powerful ripple effects that will change the manufacturing industry. Jobs related to managing robots in factories could surge. New investments in cobot technologies may even lead to a large-scale productivity boost. Coupled with optimized GVCs, value-based investments by FIs and IFIs, inspired academia and aspiring entrepreneurs, could create a perfect storm for growth in this promising industry.
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Malaysian Technology Strategic Outlook 2019/2020 Intergration of High Technology
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