Kuala Lumpur, 21 November 2019 – The Malaysian Investment Development Authority (MIDA) is partnering with the Industrial Technology Research Institute (ITRI), Taiwan’s largest and one of the world’s leading high-tech applied research institutions, in organising the Technology Talk and Smart Collaboration event at MIDA headquarters today. The event, which aims to further promote economic cooperation in trade, investments and Small & Medium Enterprise development, particularly in the fields of Smart Manufacturing, Industry 4.0, Internet of Things and Circular Economy, was well attended by 150 participants.
Speaking at the event, Mr. Ahmad Khairuddin Abdul Rahim, Senior Executive Director of MIDA said, “Today’s effort is another step in the right direction towards preparing Malaysia to become an innovation-driven economy that will lead the country to achieve R&D intensity and GERD of at least 2.0% by 2020. Malaysia requires not only strong investments in R&D, innovation and commercialisation by its industry partners, but also successful partnerships with the research institutes. Over the years, MIDA has been intensifying its efforts to build stronger R&D linkages between the industry, academia and research institutions.”
As of 2018, MIDA approved a total of 184 R&D projects with investments worth RM2.97 billion. These comprise of 77 Contract R&D, 58 In-House R&D, 30 approved R&D companies and 19 R&D Status companies. They are mainly in pharmaceutical, chemical, healthcare, machinery, E&E, automotive, energy, medical devices, palm oil and food production industries. These projects have created over 6,500 job opportunities which are mostly in the science and technical fields.
“Companies in the manufacturing sector, especially SMEs, need to identify what are their shortcomings in terms of Industry 4.0 readiness and ways to scale up. We want them to understand their business and determine the best business model that is relevant to them in the most cost-effective way. So, to all companies that are embarking on the automation journey, please reach out to MIDA, as we offer various forms of facilitation for industry players to remain competitive,” added Mr. Ahmad Khairuddin.
MIDA and ITRI signed a Memorandum of Understanding (MoU) on 7 May 2018 to have cooperation, among others, in facilitating joint projects; undertaking applied research, training and attachment programs; exchanging technical information and expertise in industrial technology. Following the MoU, MIDA organised two technology sharing sessions at its headquarters in 2018 and a working visit to ITRI in July this year.
ITRI has played a vital role in transforming Taiwan’s industries from ones that are labour-intensive to ones that are innovation-driven. It focuses on the fields of Smart Living, Quality Health and Sustainable Environment. On today’s event, ITRI shared the on-going developments and future trend in Taiwan as well as its experience on Smart Manufacturing and Industry 4.0 implementation, particularly in sensor technology, automatic optical inspection and smart agriculture.
The event also featured a sharing session by SIRIM Berhad, Technology Park Malaysia (TPM), MIMOS Berhad, Malaysian Technology Development Corporation Sdn. Bhd. (MTDC) and Inari Amertron Berhad on their perspective on Smart Manufacturing and Industry 4.0 initiatives including their call for Smart Collaborations with Industry Players.
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 20 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, @OfficialMIDA.
For more information, please contact:
Mr Norhizam Ibrahim
Director, Advanced Technology and Research & Development, MIDA