Malaysia Space Industry Consortium (MASIC)

Preamble MASIC endeavors to create a thriving space industry ecosystem that attracts investment, talent, and partnerships from around the world, inspiring future generations of Malaysians to pursue careers and opportunities in the space industry, contributing to the nation's socio-economic progress. Vision To establish Malaysia as a globally recognized hub for space exploration, satellite technologies, and space-based applications, driving economic growth, scientific innovation, and societal advancement.Undertakings 1. Coordinate, arrange and manage all space industry development programmes via collaboration/partnerships among Malaysian academia, industry players and the Government with international players. 2. Facilitate capability and capacity development programmes in targeted space technologies and products through the empowerment of local industry and start-ups.3. Develop and implement action plans proceeding from the Space Industry Strategic Plan 2030 and monitor the progress of the industry.Main Objectives:01 Industry Development To promote the development of the Malaysian space industry by representing the interests of members and promoting their core competencies and expertise. 02 Stakeholders Engagement MediumTo work positively and collaborate constructively with the authorities, clients, industry players and industry stakeholders to represent and promote member’s interest for the overall development of the Malaysian space industry. 03 Technology CollaborationTo foster collaboration among members and stakeholders for the advancement of the Malaysian space industry strategic partnerships, international collaboration, and market access. 04 International AlliancesTo engage and collaborate with overseas organisations to promote the activities of member companies and encourage potential strategic alliances between Malaysians and foreign companies. 05 Government Support SystemTo represent the space industry in engaging with government and to advocate for favorable policies, regulations, and incentives that support the growth and sustainability of the Malaysian space industry. 06 Promotion and AwarenessTo promote public awareness, education, and engagement regarding the benefits and potentials of the space industry.07 Global Competitive HubTo position Malaysia as a quality and competitive hub for resources, products and services for the global space industry thus creating visibility of Malaysian space industry globally. 08 Nation Economic BuildingTo positively contribute towards nation economic building through the development of the Malaysian space industry. 09 Undertake Lawful activitiesTo undertake any other lawful activities that are incidental or conducive to the attainment of the above objectives.