8,200 registered as entrepreneurs
KOTA SAMARAHAN: A total of 8,286 students have benefited from the ‘1Pelajar 1Pendaftaran Perniagaan’ (1Student 1Registration of Business) Scheme up to April 13.
Deputy Minister of Domestic Trade, Cooperatives and Consumerism Dato’ Henry Sum Agong said 4,767 of them were female students.
“This is a golden opportunity for students to make entrepreneurship their choice of career as Prime Minister Datuk Seri Najib Tun Razak has allocated RM10 million for the scheme.
“The RM10 million allocation is for a period of 10 years, which means that RM1 million is granted every year to enable students to register businesses with the Companies Commission of Malaysia (SSM) for free,” he said at the launch of Youngpreneur Go (YPGO) Carnival organised by SSM at Universiti Malaysia Sarawak here yesterday.
Henry was delighted that SSM had worked with Ministry of Industrial and Entrepreneur Development, Trade and Investment (Mieti) to set up an incubator in Cyberjaya, Selangor.
This incubator, according to him, enables Sarawakians to register their businesses with SSM. Under the existing legal framework of SSM, Sarawakians were not able to register their businesses unless they provided a Peninsular Malaysia address.
He added that this requirement was stipulated under the Registration of Businesses Act 1956.
The incubator was launched by Mieti Minister Datuk Amar Awang Tengah Ali Hassan, who represented Chief Minister Datuk Amar Abang Johari Tun Openg.
On the carnival, Henry said this was the second time SSM organised it to cultivate interest in entrepreneurship among undergraduates and students of technical colleges. The first one was held at Universiti Malaysia Perlis last February.
“The objective of this carnival is to create awareness on the need to register business entities with SSM, be they online or traditional businesses. It is also to educate students to comply with the laws and regulations set by government.”
— Dato’ Henry Sum Agong, Deputy Minister of Domestic Trade, Cooperatives and Consumerism