What is it?
Trained assessors will help you to understand your readiness for Industry 4.0 and make recommendations on where to start your transformation.
Manufacturing and its related services sector
Valid registration and business licenses
Company has at least 60% local equity
In operation for more than 3 years
Identify areas of improvement in terms of people, process and technology.
Receive comprehensive readiness report
Be entitled to apply for financial incentives
Industry4wrd Intervention fund
Launched by Government in Budget 2019
The Industry4WRD Readiness Assessment Intervention Programme or in short known as ‘Industry4WRD Intervention Fund’ was launched by the Government in Budget 2019. It is a financial support facility for Malaysian SMEs in the manufacturing and related services sectors to embrace Industry 4.0.
People, Process and Technology
This Fund will be provided to support companies in implementing intervention projects based on the recommendation of Industry4WRD Readiness Assessment (RA) Report on the shift of people, process and technology.
Objectives of this Fund are to:
- Improve productivity of the company
- Accelerate business growth through adoptin of Industry 4.0 technologies and processes; and
- Improve the current level of scoring based on the Industry4WRD RA undertaken.
70:30 Matching Grant
The fund will be provided on matching basis (70:30) based on eligible expenditures, up to a maximum grant of Ringgit Malaysia Five Hundred Thousand (RM500,000.00) only. Maximum 30% of the matching amount (70% of total grant) will be provided in upfront to the companies subject to the approval by Intervention Fund Approval Committee at MITI, whereby the balance of the remaining grant will be on reimbursable basis which will be deliberated at MIDA.
Mr. Sew Chang Wei
Business Development Manager
+60 12-457 0213
TEKSOFT (SEA) SDN BHD (730980-T)