Special Message from President & CEO of MIGHT
As 2018 draws to an end, on behalf of the Management of MIGHT, I would like to express my sincere thanks and appreciation to the Patron, Board of Directors, Lead and ordinary members, partners and associates, for your continued support and participation in our programs and activities throughout 2018.
Closing 2018 with a bang! On December 17th, we hosted the MIGHT Consultation 2018, where our Patron, the Honourable Tun Dr. Mahathir Mohamed, in the presence of 60 captains of the industry and 4 ministers, delivered his keynote on the theme ‘Riding the waves of the high technology’. This was followed by a dialogue between the Patron and the participants on various topics relating to the Fourth Industrial Revolution and public-private partnership; it was subsequently agreed for MIGHT to develop a National Hi- Tech Industry Agenda 2.0.
Our new mandate and positioning. The moment the Prime Minister agreed to become MIGHT’s Patron on July 4th, in a private meeting with the Chairman and CEO, we immediately geared ourselves to support his high technology agenda. Subsequently, the first task given to MIGHT was to lead and coordinate the development of a new national car project (NNCP). Cementing that mandate, MIGHT remains under the purview of the Prime Minister’s Department to develop the high technology industry through partnerships between the public and private sector plus academia.
Inclusive technology. The drive to make Malaysia an innovation-based nation with strong competencies in design, engineering and technology must be coupled with the objective to empower those who are ‘underserved’ due to geography or economic reasons. And this requires not only the change in skillset but also mindset. The objective of the nations’s development is not only for wealth creation, but to also make technology inclusive for all. Sharing and partnering should be the the new business model for the Fourth Industrial Revolution and beyond.
Democratisation of sectors and industries. This is already evident in the transportation and energy sector where technology has enabled the entry of new players from outside the traditional industry sphere. Uber and Grab is providing mobility as a service without even owning a single car. Customers who are used to buying electricity from the utility companies are now able to generate their own energy through installation of solar panels on the roofs of their house and selling the surplus to the utility companies. With technology pushing for affordable battery storage for homes, there be less need for expensive grid infrastructure. There is an urgent need to develop new business models for traditional industries to be adaptable to the new environment in order for them to continue to be the provider of employment for the locals.
Providing visibility to our local technopreneur and their products / services. MIGHT provides a unique platform for entrepreneurs to exhibit and pitch their products / services to potential customers, through our ‘Technomart’ series of events. This very personalised event atmosphere where identified interested parties from both public and private sectors are invited to Technomart on a red carpet to view the exhibits and being briefed by the C-suites from each exhibiting companies. In 2018, we managed to organise thematic Technomart events involving the mobility sector including rail, automotive and aerospace, smart cities, internet of things, robotics, waste to wealth, advanced materials and energy.
I believe 2019 will see the responses to the Industry 4.0 becoming more evident and prevalent. Malaysia has to focus on those areas which it has comparative advantages and also areas which will see more participation from those underserved groups to make it a wholesome nation building exercise. MIGHT will be engaging the industry players and the community to initiate and activate the new National High Technology Agenda 2.0.
Datuk Dr. Mohd Yusoff Sulaiman
President & CEO of MIGHT