MIDA- INDUSTRY4WRD INTERVENTION FUND

Industry4WRD Readiness Assessment (Industry4WRD-RA) is a comprehensive programme to help firm assess their capabilities and readiness to adopt Industry 4.0 technologies and processes. The assessment uses a pre-determined set of indicators to understand their present capabilities and gaps, from which will enable firms to prepare to prepare feasible strategies and plans to move towards Industry 4.0


Type of Cmapany
Natural of Business
Sales a Year
Company Registered How Long (Year)
Propose of Grant
Cost of the project (RM)
Malaysian shareholder

The Industry4WRD-RA will help firms to:

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Determine their state of readiness in the adoption of Industry 4.0 technologies

Identify the gaps and areas of improvement for Industry 4.0 adoption as well as opportunities for productivity improvement and growth and

Develop feasible strategies and plans to perform outcome-based intervention projects

 

Criteria

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  • Incorporated under Companies Act 1965

  • Only for SME Company

  • At least 60% Malaysian equity

  • Obtain Manufacturing License & Business License

  • Grant of maximum RM 500,000 if success or; Tax deduction of RM27,000 if not success. Can go for  Industry4WRD Domestic Investment Strategic Fund (DISF) provides matching grant in the form of 60:40 ratio maximum up to RM 5mil grant