18 March 2024, Petaling Jaya – Malaysia Productivity Corporation (MPC), a leading advocate for productivity and efficiency in the country, recently launched the Productivity Grant.

This groundbreaking initiative aims to identify and support the development of innovative products with the potential to revolutionise customer productivity and operational efficiency.

The Productivity Grant is designed to foster innovation across industries. It encourages companies to develop and introduce groundbreaking solutions that address existing challenges and unlock new growth opportunities. This initiative seeks to catalyse advancements contributing to a more efficient, productive, and sustainable economic landscape.

The grant encourages the creation of innovative products and solutions that integrate cutting-edge technologies, modern methodologies, or distinctive concepts to tackle unmet market demands.

The Productivity Grant underscores MPC’s focus on Research and Development (R&D) for commercialisation to push industries towards higher value chains. This aligns with the Mid-Term Review of the Twelfth Malaysia Plan (MTR 12MP)’s productivity target of 3.8 percent growth annually. Experimental research and commercialisation are prioritised to encourage market-based R&D activities.

Through the grant, MPC hopes to unlock innovation that enhances operational efficiency, reduces expenses, or enriches output standards for businesses and consumers. The grant aims to impact economic development by supporting ventures capable of scaling product commercialisation, generating employment opportunities, and nurturing competitive advantages within industries.

MPC Director-General, Zahid Ismail said, "The Productivity Grant supports the government's aspiration to increase private sector spending on R&D and improve Malaysia’s ranking in the Global Innovation Index (GII) to the top 20. Implementing the grant contributes to increasing firm-level productivity by 30% and skilled workers by 20% throughout the 12MP. MPC is confident that enterprise productivity can be enhanced by encouraging the creation of innovative products and services".

MPC invites eligible companies and entrepreneurs to submit applications for the Productivity Grant. Applications are open from 14^th March to 14^th April 2024, with a maximum funding cap of RM350,000. Selected projects must deliver lasting improvements to customer productivity and operational efficiency.

For more information on the Productivity Grant and the application process, please visit www.mpc.gov.my or gp@mpc.gov.my.

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About Malaysia Productivity Corporation (MPC)

MPC is a statutory body under the Ministry of Investment, Trade and Industry (MITI). It drives national productivity holistically at the national, sectoral, and enterprise levels through three main thrusts: developing future talent, driving digitization and innovation, and building a robust ecosystem. It collaborates strategically with the private and public sectors by emphasising productivity as a key agenda to boost productivity growth and national competitiveness, ultimately leading to shared well-being and prosperity.

For media inquiry:

Media Management Unit

media@mpc.gov.my