Malaysian small and medium enterprises (SMEs) have been asked to continually improve their businesses performance even more.
SME Corp Malaysia (SMECorp) chairman Datuk Dr Mohamed Al-Amin Abdul Majid said since the SMIDEX showcase for SMEs was launched in 2010, a total of 166 companies have been recognised for exemplary performance in their fields. He was speaking at the for 1-InnoCERT presentation ceremony in Kuala Lumpur.
“However, most of the award recipients are ICT companies and from the manufacturing sector. Therefore, we hope in the years to come there would be innovative SMEs from other sectors coming to the fore," said Dr Mohamed Al-Amin.
He said local SMEs have proven they possess the necessary skills and capabilities to achieve the 1-InnoCERT certification.
“Although the SME Innovation Award is still very young, this premier event has been able to introduce some of the country’s best. Since its inception, and despite stringent process, the number of recipients have grown by 10% each year," he said.
He added that as of May 2013, 90 companies have successfully reached the 700-point eligibility criteria set by the 1-InnoCERT certification programme.
Companies are rated from a single A rating to the highest AAA rating and since 2010, many companies have moved up the ladder from A to AA, indicating a strong desire to continually improve their business acumen.
The benefits of the 1-InnoCERT programme include the Green Lane Policy where SMEs certified under the 1-InnoCERT programme are given priority access to government procurement, financial assistance, tax incentives and customised facilitation.
“We will work together with the 1-InnoCERT companies to further strengthen and facilitate their growth as the programme is based on the aspirations of the SME masterplan.
This year we have also introduced a new incentive for the companies,? he added.
Dr Mohamed Al-Amin said based on SME Corp’s records, 1-InnoCERT companies certified since the inception of the programme have shown marked improvements in performance in their respective sectors. many have accessed new markets, hired more employees with high value expertise and expanded their operations overseas.
“And what we do is to facilitate and assist SMEs to fulfill the definition of a high growth company," he explained.
The awards will be presented to the winners by Prime Minister Datuk Seri Mohd Najib Razak on June 14.