Industry 4.0 :
Transforming business to IR 4.0 Status
The government introduced the Industry4WRD Readiness Assessment Intervention Programme, often known as the “Industry4WRD Intervention Fund,” in Budget 2019. It is a financial assistance programme for Malaysian SMEs to adopt Industry 4.0 in the manufacturing and related services industries. All SMEs that have finished the government-funded Industry4WRD Readiness Assessment (RA) programme are eligible for this fund. MIDA has been designated by MITI as the Industry4WRD Intervention Fund’s Implementing Agency.
70:30 Grant Ratio
Up to a grant amount of Ringgit Malaysia Fifty Thousand (RM500,000.00) only, the money will be given out on a matching basis (70:30) based on approved expenditures. As long as the Intervention Fund Approval Committee at MITI approves, up to 30% of the matching amount (or 70% of the total grant) will be given upfront to the enterprises. The remaining grant will then be distributed on a reimbursable basis and will be decided at MIDA.
Malaysia Productivity Corporation (MPC): Readiness Assessment (RA)
RA Report Criteria : 3 Shift Factors
Emphasizes tactics for hiring the right kind of personnel while keeping an eye on the individuals and the overall organization. This can be accomplished through the creation of the necessary human capital and long-term transformation initiatives involving organizational strategies, teamwork, and governance.
Emphasizes smart and strategic public-private collaborations, security, sustainability, and product co-creation while concentrating on the management system involved in managing business operations, supply chains, and product lifecycles.
Measures the usage of intelligent, connected, and automated technologies at the shop floor, facilities, and enterprise levels of the firm.
Three interconnected layers of rings with three shift variables make up the readiness criterion model (the core ring).
The middle ring represents the division of each shift factor into thrusts, and the outer ring represents the division of each thrust into dimensions (the third and outermost ring).
The model illustrates the framework of interconnected shift factors, thrusts, and dimensions.
Malaysian Investment Development Authority (MIDA): Process Flow
Submit RA Report, Forms, Proposal, and Statement
Receive Approved Grant
End-to-end from getting grant to implementing AIoT IR 4.0 status for your business.
Increasing productivity level of your business in par with government’s Industry 4.0 vision.
Synergising Business Technologies
We cultivate cutting edge technologies into solutions for clients.