Biz4WRD is an initiative under Industry4WRD to support your transformation journey
Be Industry 4.0 ready!
Incentives and financial supports to facilitate manufacturers to adopt industry 4.0 technologies
In 2019, MITI received 849 applications for the Industry4WRD RA and selected 508 small and medium-sized enterprises (SMEs) for the government-funded RA.
Application is available online at http://www.miti.gov.my/industry4wrd.
The Industry4WRD Readiness Assessment will help firms to (1) Determine their state of readiness in the adoption of Industry 4.0 technologies; (2) Identify the gaps and areas of improvement for Industry 4.0 adoption as well as opportunitiesfor productivity improvement and growth; and (3) Develop feasible strategies and plans to perform outcome-based intervention projects.
1. Industry4WRD Intervention Fund : Matching basis (70:30) based on eligible expenditures, up to a maximum grant of RM500,000.00 only.
2. Industry4WRD Domestic Investment Strategic Fund (DISF)' : Matching grant with 60:40 ratio based on a reimbursable basis to Malaysian companies which have undertaken the Industry4WRD RA programme.