MIDA-ITRI Taiwan MoU, Driving Malaysia Towards Industry 4.0

The Malaysian Investment Development Authority (MIDA) is partnering with the Industrial Technology Research Institute (ITRI), Taiwan through a Memorandum of Understanding (MoU) to encourage, facilitate and promote economic cooperation in the areas of trade, investments and Small & Medium Enterprise (SME) development, particularly in Smart Manufacturing & Industry 4.0, Internet-of-Things and Circular Economy

Kuala Lumpur, 7 May 2018 – The Malaysian Investment Development Authority (MIDA) is partnering with the Industrial Technology Research Institute (ITRI), Taiwan through a Memorandum of Understanding (MoU) to encourage, facilitate and promote economic cooperation in the areas of trade, investments and Small & Medium Enterprise (SME) development, particularly in Smart Manufacturing & Industry 4.0, Internet-of-Things and Circular Economy.

Dato’ Azman Mahmud, Chief Executive Officer of MIDA and Dr. Chang Pei Zen, Executive Vice President of ITRI witness the signing and exchange of the MoU between senior representatives of both organisations. This affirms the commitment of MIDA and ITRI to facilitate joint projects such as applied research activities, training programs, and attachment programs; exchange technical information and expertise in the research and development of industrial technology; assist technical upgrading of scientists and engineers; as well as to encourage more collaboration between industry and research institutes.

“Today’s MOU signing with ITRI Taiwan adds to MIDA’s on-going initiative to drive the country’s R&D activities and Industry 4.0 agenda. MIDA acts as a conduit by working with entities such as ITRI to bring together the industry and academia to create fresh and exciting collaborations. We are optimistic that this initiative with ITRI will increase of technology capabilities and capacities of our industries and lead to further investments in new and emerging technologies. It is more crucial now than ever for companies to reassess and realign their business strategies to adapt to the current challenges of doing business. Intensifying innovation through strategic collaborations in R&D activities is one of the key components that would enable businesses to remain competitive and sustainable,” said Dato’ Azman.

Malaysian industries stand to benefit from ITRI’s expertise and network with other research and technology institutes in Taiwan through collaborations in new technologies and applications such as artificial intelligence, big data analytics, machine learning, vision and sensing technology and others.

In the long run, this contributes to the country’s shift towards having more Industry 4.0, higher value-added & industry-driven research activities. It will also promote the development of a circular economy, whereby waste and leakages are reduced or phased out through careful product design and management as well as efficient business models. This will lead to a more sustainable and productive model for businesses and the economy.

Status of Industry 4.0 in Malaysia

With Malaysia’s strong manufacturing base and comprehensive ecosystems that have been built over the years, the country has many attractive value propositions to become the hub for high value added and Industry 4.0 activities in the region. In driving Industry 4.0 in Malaysia, MIDA aligns its efforts with the 11th Malaysia Plan (11MP) which places emphasis on developing the information and communications technology industry, whereby smart manufacturing is among the focus areas.

In addition to the 11MP’s targeted industries of three catalytic subsectors of Electrical & Electronics, Machinery & Equipment and Chemicals as well as the two growth subsectors of Aerospace and Medical Devices, other focus areas include resource-based, healthcare and life-science industries, regional/global establishments, logistics, the ecosystem surrounding e-commerce and green technology. The manufacturing and related services sector will benefit from the country’s shift towards Industry 4.0 through improving productivity, strengthening the innovation capacity and capability, and development of a higher skilled workforce.

The Government has introduced various initiatives to drive industry 4.0. These include drafting of National Industry 4.0 Policy Framework, which is expected to be announced in the first half of 2018; establishing a high-level task force chaired by Secretary-General of MITI to spearhead the Government’s policy and strategy on Industry 4.0; and an industrial study on “Future of Manufacturing: Industry 3+2” by MIDA, which is expected to underscore the way forward for these industries vis-à-vis Industry 4.0.

MIDA, as the principal investment promotion agency of the country has been aggressively promoting investments in R&D for many years. The agency continues to step up our efforts to drive stronger R&D linkages between the industry, universities and research institutions. As to date, MIDA has approved 182 R&D projects with total investments of RM2.87 billion. These comprise of 76 Contract R&D, 58 In-House R&D, 30 approved R&D companies and 18 R&D Status companies. These R&D projects have brought innovative technologies to the industries in Malaysia. Notable projects include the service on tele-radiology in tele-medicine for the healthcare sector, formulation of active pharmaceutical ingredient for generic pharmaceutical, and the development of integrated nano-layered stretch films for industrial packaging materials.

MIDA has also awarded five R&D Status university-linked companies, which is a tax efficient way to invest in R&D activity. The five universities are Management and Science University (MSU), University Tenaga Nasional (UNITEN), The University of Nottingham Malaysia Campus (UNMC), University Malaysia Perlis (UniMAP) and Monash University Malaysia.

*************

About MIDA

MIDA is the government's principal promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Starting operations in 1967 with a relatively small set up of 37 staff, MIDA has grown to become a strong and dynamic organisation of over 700 employees. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 23 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook.

For further information, please contact:-

Mr. Jeyasigan Nair

Director, Advanced Technology and R&D Division

MIDA HQ, KL Sentral, Kuala Lumpur, Malaysia

Tel.: +603-2267 6711 | Email: [email protected]

Mr. Nelson Samuel

Director, Foreign Investment Promotion Division

MIDA HQ, KL Sentral, Kuala Lumpur, Malaysia

Tel.: +603-2267 3787 | Email: [email protected]

About Industrial Technology Research Institute (ITRI)

Founded in 1973, Industrial Technology Research Institute (ITRI) has played a vital role in transforming Taiwan's industries from labour-intensive into innovation-driven. Over the years, ITRI has incubated over 270 innovative companies, including well-known names such as UMC and TSMC.

ITRI continues to seek strategic collaborative partners from around the world. Key partners include Corning Glass, Underwriters Laboratories, and Applied Materials of the United States; Asahi Kasei, Nidec, and AIST of Japan; Evonik, Heraeus, and Fraunhofer of Germany; TNO of the Netherlands; VTT of Finland; Ericsson of Sweden; and NRC of Canada.

With international partners and overseas offices in Silicon Valley, Tokyo, Berlin, Moscow and Eindhoven, ITRI is able to remain globally competitive and connected. Its efforts in technological innovations have been recognized by prestigious honors such as the Wall Street Journal's Technology Innovation Awards and R&D 100 Awards and 2017 Clarivate Analytics Top 100 Global Innovator.

For further information, please contact:-

Mr. Chin Liang, Shee

ITRI International Center

Tel.: +886 3 591 3500 | Email: [email protected]

Download:

Welcome Remarks by CEO of MIDA - MoU MIDA ITRI

Posted on : 07 May 2018
//
Last Updated : Thursday 21st November 2019