News: CREST calls out to E & E Global Investors
The Collaborative Research in Engineering Science and Technology Centre (CREST) was launched in Bukit Jambul, Penang by Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop early June.
CREST aims to create a platform to gather academia, government agencies and key industry players to boost research, design and development activities of the E & E sector in Malaysia. Among the founding leaders of CREST are Khazanah Nasional Bhd, Universiti Sains Malaysia and some of the country’s leading E&E investors and global technology firms like Intel, AMD, Agilent Technologies, National Instruments, Avago Technologies, Motorola Solutions, Osram Optosemiconductors, Altera and Silterra Malaysia.
“We have supported this initiative with RM12 million to date, and the Federal Government, along with our industry partners are set to channel a substantial investment in this over the next decade,” Northern Corridor Implementation Authority (NCIA) chief executive Datuk Redza Rafiq told Business Times. Over the next decade, the Federal Government will provide RM 100 million for R & D projects amounting to an expected value of RM 800 million in total for CREST.
Datuk Redza commented that CREST is modeled along Singapore’s Agency for Science, Technology and Research and Taiwan’s Industrial Technology Research Institute. This establishment operates on the self-sustainability model where R&D initiated would be based on market needs and demand to prevent commercialisation problems. Currently, 10 research projects on areas of semiconductor, light emitting diode (LED), sustainable sources, medical electronics, radio frequency and microwave, along with display devices are conducted in CREST.
E & E sector contributes 40% of total exports in Malaysia. Success in implementation of CREST would greatly impact the economic growth and R & D of the E & E sector in Malaysia.