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Industry4WRD Intervention Fund

This is a financial support facility for Malaysian SMEs in the manufacturing and related services sectors to embrace Industry 4.0. This Fund is eligible for all SMEs which have completed the government-funded Industry4WRD Readiness Assessment (RA) programme. MITI has appointed MIDA as the Implementing Agency for the Industry4WRD Intervention Fund. The fund will be provided on matching basis (70:30) based on eligible expenditures, up to a maximum grant of Ringgit Malaysia Five Hundred Thousand (RM500,000.00) only. Maximum 30% of the matching amount (70% of total grant) will be provided in upfront to the companies subject to the approval by Intervention Fund Approval Committee at MITI, whereby the balance of the remaining grant will be on reimbursable basis which will be deliberated at MIDA.

 

*Note: Closure of Applications for Industry4WRD Intervention Fund (IIF) Grant – Effective 15 September 2023:

 

As the IIF grant has reached its funding capacity for the year 2023, please note that MIDA will stop receiving applications for the Industry4WRD Intervention Fund (IIF) grant, effective 15 September 2023.

 

The consideration of the remaining applications for the IIF grant is subject to the availability of funding allocated by the Government of Malaysia and current policy in force.

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