A survey being launched today by the Canadian Advanced Technology Alliance (CATA) is the preliminary phase of a multi-stage study of the Malaysia market being conducted in collaboration with the University of Quebec.
A middle income country, Malaysia has transformed itself from a producer of raw materials in the 1970’s into an emerging multi-sector economy. Since 2003, Malaysia has moved its economy further up the value-added production chain by attracting investments in high technology industries, medical technology, and pharmaceuticals.
Malaysia ranks 24th in ease of doing business, according to the World Bank. Their ranking is the result of their strengths of getting credit (rank third), protecting investors (ranked fourth), and doing trade across borders (ranked 21st). Malaysia scored a perfect 10 in the investor protection category of the survey.
In the Muslim world, Malaysia has the largest operational stock of industrial robots and is one of the world’s largest exporters of semiconductor devices.
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The market study will result in the production of a comprehensive guide that will allow its users to determine, among other information, what the barriers to entry are, what the penetration rate of existing Hi-Tech business is, which market segments are under serviced, the kind of financing required in setting up a Hi-Tech business in Malaysia, and how CATA members can tap into some of this social and institutional funding available to them. "The survey will help us to identify some preliminary baseline data on how popular the Malaysia market currently is as a business destination for the Canadian hi-tech community," says CATA VP, Research, Kevin Wennekes. "We are hoping to further identify what products and services these firms are currently exporting, what some of their identified challenges are in working in these areas, and the volume of business taking place."
The online survey will take less than 5 minutes to complete and is available only until April 11, 2008. All those who participate will receive a complimentary copy of the report generated from their participation.