Empowering Youth Entrepreneurship

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1 2016/SMEWG42/026 Agenda: 19.1 Empowering Youth Entrepreneurship Purpose: Information Submitted by: Malaysia 42 nd Small and Medium Enterprises Working Group Meeting Ho Chi Minh City, Viet Nam April, 2016

2 EMPOWERING YOUTH ENTREPRENEURSHIP 42nd APEC SMEWG Meeting 1

3 Background of the Programme 29 March 2014 RM10 million (USD 2.56 mil) allocated for TUBE 1 Objectives Acculturate entrepreneurship Concept Targeted for youth 3 2 Paradigm shift from job seekers to employment providers Create resilient & sustainable entrepreneurs 42 ND APEC SMEWG MEETING 42 nd APEC SMEWG Meeting

4 Blue Ocean Strategy Government has allocated RM10 million (USD 2.56 mil) for implementation of TUBE to young entrepreneurs 42nd APEC SMEWG Meeting

5 Modules and Incentives Phase 1 Test the perseverance of mind & physical endurance 7 days of physical training (military concept) Phase 2 Increase business knowledge & effective business operations Group business activities 14 days course Phase 3 Guidance on effective business practice Buddy System (Business Counselor s from SME Corp.) 12 months of monitoring Certificate & RM15,000 (USD 3,843) Grant for Business Start-up 42nd ND APEC SMEWG MEETING Meeting

6 Outreach and Promotional Activity Briefing to MPs 18 June 2015 Parliament Soft Launch Programme 23 June 2015 SME Corp. Malaysia TUBE 1.0 Programme Start Date: Phase 1 & 2 : 23 Nov - 6 Dec 2014 Phase 3 : 8 Dec Dec 2015 TUBE 2.0 Programme Start Date: Phase 1 & 2 : 1 Nov- 21 Nov 2015 Phase 3 : 23 Nov Nov nd APEC SMEWG Meeting

7 The Selection ELIGIBILITY CRITERIA Youth : years Hold a Skills Certificate Have a passion for business Business must not be more than 12 months STATE NO OF PARTICIPANTS GOVERNMENT OFFICIALS PRIVATE WORKERS BUSINESS OWNER / UNEMPLOYED JOHORE KEDAH KELANTAN MELACCA NEGERI SEMBILAN PAHANG TOTAL APPLICATIONS 7,442 Qualified Applicants 5,486 Shortlisted for Selection 942 Interview Session 612 CAMPS 495 PERAK TERENGGANU SABAH SARAWAK TOTAL will attend ICSB Academy at Stevens Technology of Institute, New Jersey, USA, June 2016 ICSB : International Council for Small Business

8 State Participation Kedah / Perlis - 50 Kem PLKN Dusun Resort Kuala Nerang Sabah - 48 Kem PLKN Wawasan, Papar, Sabah Kelantan - 50 Kem PLKN Cancun Park, Pasir Mas Terengganu - 50 Kem PLKN Padang Kacong, Marang Perak - 50 Kem PLKN Desa Rimba Kuala Kangsar Pahang - 49 Kem PLKN Kg. Hijrah, Penor N. Sembilan - 52 Kem PLKN Seri Perkasa, Mantin, Negeri Sembilan Sarawak - 44 Kem PLKN Putra Sentosa, Sematan Melaka - 52 Kem PLKN Jaya Gemilang A Famosa, Alor Gajah Johor - 50 Kem PLKN, Sri Ledang, Tangkak 42nd APEC SMEWG Meeting 42 ND APEC SMEWG MEETING 495 participants

9 Phase 2 Phase 1 Phase 1 and 2 of the Programme Opening Ceremony Outdoor Physical Training Survival Activities Entrepreneurial Activities Classroom Session Knowledge Sharing Group Discussion Group Presentation 42 42nd APEC ND APEC SMEWG MEETING Meeting

10 Phase 3 : The Buddy System Registration of Business months Monitoring through Buddy System (Ratio 1 : 10) Business & Financial Counselor SEAP Expert RM15,000 Business Start-Up Grant Youth Entrepreneur Programme Biz Enrichment & Enhancement Pack (E 2 ) Program Agropreneur Muda Program Pembudayaan Keusahawanan dan Program Pembiayaan PUTRA Tabung Usahawan Siswazah (TUS) dan Young Entrepreneur Fund (YEF) PROSPER Usahawan Muda dan Program Siswazah Perantis 42 42nd APEC ND APEC SMEWG MEETING Meeting

11 Achievements Thus Far. 446 Participants (99%) Registered Their Businesses RM17.8 million (USD 4.56 million) of the Sales Value 848 Job Opportunities 448 Young Bumiputera Report to EPU / TERAJU Periodically / When Needed 42 42nd APEC ND APEC SMEWG MEETING Meeting 10

12 The difference in 2016 : Reality TV Programme 8 Weeks In Collaboration with Competition Among 10 Best Participants Host Datuk Rosyam Nor Dato (Dr.) Hafsah Hashim, CEO of SME Corp. Malaysia Dato (Dr.) Haji Ameer Ali Mydin, Mydin Wholesale Founder Panels / Mentors Dato Wira Dr. Maznah Hamid, Prominent Women Entrepreneur 42nd APEC SMEWG Meeting 42 ND APEC SMEWG MEETING

13 Moving Forward Programme to be Continued RM45mil (USD 1.1bil) RM9 mil. (USD2.3 mil.) Approved : Budget ND APEC SMEWG MEETING

14 Headline in the News Bernama Online, 23 March 15 The Borneo Post, 26 Nov 14 Visiting and Opening Ceremony Business of the Participants Sinar Harian, 24 March 15 Burger Shop Perak Chicken Rice Restaurant Terengganu Tailor Shop, Kelantan Clothing Store, Sarawak 42 42nd APEC ND APEC SMEWG MEETING Meeting

15 Success Stories Bidai Solution Sdn Bhd (Bangi) Mrs. Rafidah Baharin, Accountancy Graduate Supply materials for Interior Designing Employed 4 Workers Monthly Income : RM4,000 RM5,000 (USD 1,026 USD 1,283) Work Contract Value is between RM100 to RM16,000 (USD 25 USD 4,106) 42 42nd APEC ND APEC SMEWG MEETING Meeting 14

16 Success Stories (Cont...) Awang Goneng Enterprise (Batu Caves) Mohd. Syafiq Yusof, Graduate IT Monthly Income: RM4,000 RM5,000 (USD 1,026 USD 1,283) Producing 10kg lekor every day keropok Marketing keropok lekor through on- line platforms 42 42nd APEC ND APEC SMEWG MEETING Meeting 15

17 Success Stories (Cont ) BT Pest Terminate (Kota Kinabalu) Charlonitta Richard, a former private sector employee Pest Control Business at Sabah Now has 72 work contracts from Government agencies, Schools, Restaurants and shopping complex Monthly income : RM10,000 RM12,000 (USD 2,566 USD 3079) 42 42nd APEC ND APEC SMEWG MEETING Meeting 16

18 SMIDEX 2016 Malaysia welcomes delegates to SME Annual Showcase SMEs: Rising to the Challenge Kuala Lumpur Convention Centre SME Corp. Malaysia ND APEC SMEWG MEETING

19 SME Corp. Malaysia

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