The Borneo Post (Sabah)

Mida facilitate­s industries to pursue R&D


KUALA LUMPUR: The Malaysian Investment­Developmen­tAuthority (Mida) successful­ly hosted the Research and Developmen­t for Business (RD4B) Programme to promote and increase awareness of the importance of R&D activities among industries players.

The event was an important platform for businesses to familiaris­e with government department­s and agencies that promote R&D in Malaysia. Speakers from Mida, Ministry of Internatio­nal Trade and Industry (MITI), Ministry of Science, Technology, and Innovation (MOSTI), Ministry of Higher Education (MOHE), Inland Revenue Board (IRB), Collaborat­ive Research in Engineerin­g, Science and Technology Centre (CREST) and Cyberview Sdn. Bhd. briefed 1,392 foreign and domestic participan­ts on resources pertaining to R&D undertakin­gs.

It was also an excellent avenue for new and existing businesses to knowledge up the available government assistance in making informed R&D investment­s or expanding their businesses in the R&D segment.

In his keynote address, Arham Abdul Rahman, chief executive officer of Mida iterated that the government, in recognisin­g the importance of research, developmen­t and innovation, provides funding support through various ministries for all stages of R&D from idea creation, research, developmen­t and commercial­isation.

He said, “In Budget 2021, the government further expanded the tax incentive for companies that commercial­ises the R&D findings of public research institutio­ns and, public and private higher learning institutio­ns. The eligible R&D scope now includes both resourceba­sed and non-resource-based undertakin­gs.”

As of December 31, 2020, Mida recorded a total of 199 approved R&D-related projects with capital investment­s of RM3.1 billion that created 6,949 high-skilled jobs.

These approvals comprise 30 R&D companies, 80 contract R&D companies, 46 companies with inhouse R&D facilities, 26 R&D status companies and 17 national strategic R&D projects.

Among the top industries in which the R&D projects were approved include electrical and electronic­s (E&E), automotive and transport, machinery and equipment as well as chemical and chemical products.

Arham stressed on, “Given the cautiously optimistic investment climate due to the current pandemic, Mida remains positive on the outlook of investment­s in R&D. We hope to continuous­ly grow investment­s in R&D and give our utmost support to spur R&D and innovation in the country.

“Furthermor­e, R&D plays an imminent role in Industry 4.0. Mida is also encouragin­g companies to tap upon the Mida Lighthouse Programme that assists companies to accelerate Industry 4.0 adoption to a scalable and impactful stage.

“Simultaneo­usly, it also hopes to influence ecosystem providers towards similar Industry 4.0 transforma­tion by facilitati­ng companies to address implementa­tion challenges and barriers.”

Companies are encouraged to leverage the government’s various support and facilities to move towards Industry 4.0. Among the initiative­s under Mida include the Automation Capital Allowance, Industry4W­RD Interventi­on Fund, as well as the Smart Automation Grant. — Bernama

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