PACU, a recently established unit in MIDA, provides end-to-end facilitation for all projects approved. PACU ensures a more accelerated process from the approval of your projects right up to its implementation. Status of projects can be monitored and tracked in real-time through MIDA’s digitalised system.
Malaysia’s Lighthouse Project is a World Economic Forum (WEF) initiative launched in 2018 together with McKinsey to identify and showcase those manufacturers at the forefront of implementing technologies enabling the Fourth Industrial Revolution (4IR) /Industry 4.0 (I4.0) /Smart Manufacturing.
Malaysia’s Lighthouse Project consists of industry players that have taken 4IR/ I4.0 /Smart Manufacturing technology from pilot to integration at scale, thus achieving significant financial and operational benefits. The term ‘lighthouse’ denotes that these factories can act as beacons to guide the many thousands of others around the world that are still looking to apply technologies like artificial intelligence, additive manufacturing and other Industry 4.0 technology pillars as well as overcome challenges in upgrading existing production systems. By embracing the Lighthouse Model adoption, industries can jumpstart the current productivity stagnation and reset their benchmarks for operational and financial key performance indicators (KPIs). In tandem with this, the technology can create a better, cleaner world through new levels of efficiency in manufacturing and its related ecosystem.
The objectives of the Lighthouse initiative by MIDA are:
1) To reposition Malaysia as among the top Global Manufacturing nations with the latest technology adoption and innovation
2) To continue the momentum of MIDA’s continuous effort in driving Industry 4WRD initiatives towards reality
3) To assist existing industry sectors to become a Lighthouse
This Survey Form will collect and register interest from potential Lighthouse companies in Malaysia. You may refer to the guidelines attached.
The future is about technology and of how people’s lives, workplace and leisure are being transformed by the Fourth Industrial Revolution (4IR) driven by digitalisation and the Internet of Things.
The National Policy on Industry 4.0 (Industry4WRD) is Malaysia’s response to the Fourth Industrial Revolution, which underlines the Government’s commitment towards this new era of technological convergence. It is a collaborative effort between the Government, industry, and academia, aiming for enhanced productivity, greater job creation, and the creation of a high-skilled talent pool in the manufacturing sector.
The manufacturing sector together with its manufacturing related services and ecosystem partners is anticipated to transition towards more high value, diverse and complex products and services. Driven by three catalytic subsectors, namely electrical and electronics (E&E), machinery & equipment (M&E) and chemicals, as well as industries with high potential growth such as medical devices and aerospace, the transition could be further enhanced by undertaking supporting R&D activities.
Industry players will need to prioritise innovation or R&D led-growth models to be resilient in the long term. In addition to focusing on research, development, commercialisation and innovation (R&D&C&I), industry players are also encouraged to enhance their operation efficiency through smart technology adoption.
MIDA is your key strategic implementation partner to reach your business goals in the adoption of these technologies.
We encourage businesses to undertake in-house R&D activities, work together with approved R&D Companies or form strategic collaborations with public and private research institutes in Malaysia. We are also ramping up efforts to keep the momentum going in the manufacturing sector in line with the Industry4WRD objectives.
MIDA continues to be a networking conduit to connect companies and technology solution providers, both international and local, in efforts to assist and facilitate industry players in their digitalisation journey. We are also working together with the Ministry of Economic Affairs on the National Policy Framework for the Fourth Industrial Revolution (4IR) to chart Malaysia’s Digital Transformation in the non-manufacturing sectors which include services and primary industries.
Prospective investors are encouraged to take advantage of MIDA’s facilities, grants and incentives and upscale your business today.
Realising the importance of knowledge and technology transfer to industry and commercialisation of knowledge, MIDA has collaborated with local research institutions/universities and industries to initiate the Triple Helix Programme.
The programme is set to foster more linkages, interactions, smart partnerships and collaborations between universities and industries through scientific research, innovation and commercialisation of university products and technologies.
The right investments for innovation and technology will develop and spur growth in the whole technology sector. Hence, the proposed private-public partnership will not only provide Malaysia with vast opportunities for technology enhancement and innovation but also a vote of confidence in the country’s economy.
i-Incentives is a portal that provides the information on investment incentives offered by the Federal Goverment of Malaysia. Incentives Coordination and Collaboration Office (ICCO) established under the Malaysian Investment Development Authority (MIDA) has been tasked as a central coordinator for all investments incentives to meet the national investment agenda. ICCO will be a one-stop centre to advice and coordinate businesses on incentive offerings and provide cross-agency visibility. The incentives coverage will be a dynamic one, whereby the list of incentives offered by all Ministries and agencies will be updated from time to time.
MIDA has been spearheading initiatives to connect local companies and SMEs with multinational companies (MNCs) and large local corporations (LLCs) through many platforms including Supply Chain conferences and other networking events.
Recognising the prospects of domestic businesses in driving the economic growth of the country, MIDA continues to encourage local companies to better expand their market outreach and adopt best practices by becoming critical parts of the global supply chain. MIDA facilitates companies that are interested in the following activities:
MIDA supports local companies, particularly the small and medium enterprise (SMEs) in accessing additional sources of funds, particularly by bridging potential financial and technology gaps. MIDA works closely with local regulators, technology providers, financial institutions as well as equity and corporate advisory firms to facilitate the financial needs of local companies.
MIDA assists and facilitates cross-border investments/ direct investments abroad. Malaysian companies are encouraged to venture overseas to expand their markets, tap into new investment opportunities and acquire new technologies.