Identify areas of improvement in terms of people, process and technology.
Receive comprehensive readiness report
Be entitled to apply for financial incentives
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.
Industry4WRD Intervention Fund
The Industry4WRD Readiness Assessment Intervention Programme or ‘Industry4WRD Intervention Fund‘ is a financial support facility especially designed by the Malaysian government to assist Small and Medium Enterprises (SMEs) in the manufacturing and related services sectors to make the leap to Industry 4.0. Launched by the government in Budget 2019, the Industry4WRD Intervention Fund is intended to support companies in implementing intervention projects, based on the recommendations of the government-funded Industry4WRD Readiness Assessment (RA) Report. It focuses on the shift factors of people, processes and technology.
All SMEs that have completed the Industry4WRD RA programme are eligible to apply. The Ministry of International Trade and Industry (MITI) has appointed the Malaysian Investment Development Authority (MIDA) as the implementing agency for the Fund. This means the applications will be evaluated by MIDA.
Latest News July 2023 – The Government Funded (GF) allocation for the Industry4WRD Readiness Assessment (RA) program is temporarily suspended.