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After RA report select either : Intervention Fund (500k 70:30) or Industry4wrd DISF Grant (5Mil (60:40)

INDUSTRY4WRD DISF GRANT

In addition to that, the Government has also introduced the 'Industry4WRD Domestic Investment Strategic Fund (DISF)' under the Budget 2019. The Industry4WRD DISF provides matching grant in the form of 60:40 ratio based on a reimbursable basis to Malaysian companies which have undertaken the Industry4WRD RA programme.

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INTRODUCTION

Objective is to assist companies that have undergone the Industry4WRD Readiness Assessment (RA) programme to migrate into Industry 4.0

Eligible only to companies that have undergone the Industry4WRD Readiness Assessment (RA) programme with Malaysian equity ownership of at least 60%

Effective date of application is from the date of approval of Industry 4WRD RA Report (MPC’s letter) until 31 December 2022

The Industry4WRD DISF provides matching grant in the form of 60:40 ratio based upto RM5Mil Grant

ELIGIBILITY CRITERIA

  1. Incorporated under Companies Act, 1965

  2. New companies in the manufacturing and service sectors with Malaysian equity ownership at least 60%

  3. Existing companies in the manufacturing and service sectors with Malaysian equity ownership of at least 60% undertaking reinvestment (expansion/modernization/diversification);

Companies producing promoted products/engaged in promoted activities in the following priority sectors:

 

  • Aerospace;

  • Medical Devices;

  • Pharmaceutical;

  • Advanced Electronics;

  • Machinery & Equipment;

  • Renewable Energy;

  • Services including design, R&D, testing, quality and standard certification, engineering services,            technical and skills training and logistic service providers (3PL); and

  • Other industries, on a case by case basis

SCOPE OF THE FUND

The fund will cater for expenditure occurs for the following activities

  • - Training of Malaysians;

  • - R&D activities carried out in Malaysia

  • - Modernization and upgrading of facilities and tools to undertake manufacturing or services activities for

  •   multinational corporations (MNCs) and Malaysian conglomeration (outsourcing activities);

  • - Obtaining international standard / certification; and

  • - Licensing or purchase of new/high technology.