Ministry’s mission

THE Entrepreneur Development Ministry aims to produce entrepreneurs who can compete in the global market.

Its mission is to increase entrepreneurship among Malaysians, especially the lower income group from each geopolitic layer.

The ministry formulates the National Entrepreneurship Framework (NEF) and shapes small and medium enterprises (SMEs) to be well-rounded and competitive; steers the development of the B40 and M40 groups and social entrepreneurs; and co-ordinates the implementation of the bumiputra equity ownership policy.

It is the facilitator for entrepreneurs and SMEs to start their businesses including co-coordinating funds for them, and also forms co-operation and strategic partnerships with the private sector.

It also co-ordinates the development of SMEs and bumiputra businesses in strategic industries such as the automotive, aerospace, renewable energy, digital economy and halal sectors.

The Protégé initiative launched on Jan 28 is to reduce unemployment within society, specifically among the youth.

Protégé gives importance to entrepreneurship training to produce entrepreneurs or job creators, in accordance with the NEF Strategic Objective #10: The Application of Entrepreneurship Skillls for Unemployed Youth. Protégé programmes are open to students, graduates and youths.

As of February this year, 226,251 graduates have undergone training programmes with the participation of 649 companies since 2011.