4ICG is designed to catalyse the use and development of IR4.0 technology into key business verticals as outlined in the National 4IR Policy.

The grant will be used solely for the purpose of co-creation, problem-solving and commercialisation of 4IR solutions.

The objective:

• To support the scaling up of Malaysian-based technology companies into the global arena by way of co-creation, problem-solving, innovation, development and commercialisation of disruptive or innovative products or services for the global market in order to build Malaysian-based global icons.
• To Increase productivity, product/service quality, improve quality of life and preservation of ecological integrity of 10 key economic sectors and 6 supporting sectors of the Malaysian economy as outlined in the National 4th IR Policy.

GRANT AMOUNT

Local Company	Foreign Owned Company
Up to fifty percent (50%) of the total project cost, subject to a ceiling limit of RM2,000,000 whichever is lower	Up to thirty percent (30%) of the total project cost, subject to a ceiling limit of RM2,000,000 whichever is lower
Project duration: Up to 1 year	Project duration: Up to 1 year
Eligibility: – Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016; – Minimum paid up capital of at least RM20,000 for companies; – Active and minimum of 51% equity held by Malaysian(s) as per shareholding structure in the SSM.	Eligibility: – Incorporated in Malaysia under Companies Act 1965 or the Companies Act 2016; – Active and minimum issued and paid up capital of RM500,000.

Other eligibility criteria:

1. In operation for at least one (1) year.
2. Not the subject of liquidation/winding up /bankruptcy order and has no going concern issue*. (*If the Applicant has going concern issue (as reported in their latest audited account, the Applicant to provide a letter of  undertaking by the shareholder and/or director of the Applicant to undertake that in the event that their application is approved, the Applicant shall perform its obligations under the terms & conditions to be issued by MDEC and to provide financial support to the Applicant to enable the Applicant to meet its obligations and/or liabilities under the terms & conditions).
3. Company director/shareholder to declare and disclose if there is any business relationship/family relationship with any of MDEC’s director or employee.
4. Company director/shareholder to declare if they are under any litigation.
5. Company director/shareholder to declare if they are blacklisted by MACC.
6. Companies with common shareholder/s can only submit application for one application for the grant applied within MDEC (not including venture capital investors and registered market operator e.g: Equity Crowdfunding, ECF Platforms.
7. If company previously has received any MDEC/government grant, the Applicant must:
   1. Demonstrate the completion of the funded project/s;
   2. Declare any notice of non-compliance/breach being recorded during the period of the funded project/s
8. The business nature of company is technology related services.

SPECIFIC CONDITIONS

The Applicant is required to meet the following specific condition throughout the project period:

• The project under application must be new. Projects in progress will not qualify
• The Applicant must demonstrate that it has secured the commitment of the end-user to fund their share of the project cost at the time of application (Agreement/LOI/MOU/PO)
• The Applicant must procure approved cost items from Malaysian incorporated organisations for ecosystem development purpose unless there is valid justification provided such as no local supplier, or is counter productive
• End-users are to come from the following verticals as outlined in the National Fourth IR Policy:
• Key Sector: Wholesale and retail trade/Transportation and logistics/Tourism, finance, and insurance/Professional, scientific, and technical services/ Utilities/Manufacturing/ Healthcare/Agriculture/Education or
• Supporting sectors: Construction/Real estate/Mining and quarrying/Information and communication services/Arts, entertainment, and recreation services/ Administrative and support services
• Technology solutions to embed any combination elements of the following: Artificial intelligence/Internet of Things/Blockchain/Cloud computing and big data analytics

APPLICATION DOCUMENTS REQUIRED

Mandatory documents for submission:

1. Fully completed and signed application form.
2. Company Profile.
3. Incorporated for more than 1 year: Company’s financial statement (Copies of 1 year latest audited account).
4. Board of Director Resolution on the appointment of authorized signatory as per template.
5. Project Proposal.
6. Provide proof of project completion (i.e closure letter from the ministries / agencies). For applicant applying or previously rejected funds.
7. Supporting documents evidencing outsourced /collaboration portion of the project as per project costing.
8. Declaration by company on its solvency status.
9. Certified true copy (CTC) of award(s)/ recognition(s) received in the past 5 years.
10. Supporting documents confirming End-User partner has agreed to fund their share of the project cost.
11. MDEC reserves the right to request additional information from applicant at any time.

Download the application form here.