The Foreign Investment Accelerator Fund (FIAF) was introduced under the Budget 2023 to attract strategic Foreign Direct Investment (FDI) based on the New Industrial Master Plan 2030 (NIMP) which has a significant impact on the national economy.
The FIAF will be given on a matching basis (50:50) based on eligible expenditures for R&D and Training.
Applications received by the Malaysian Investment Development Authority (MIDA) from 10 November 2023 will be eligible for consideration for this grant. However, the approval of these applications is subject to the availability of funding and allocation by the Government of Malaysia and the prevailing policy in force.
The application should be made online at https://investmalaysia.mida.gov.my/