[email protected] to encourage graduates into entrepreneurship

The programme is a collaboration between SME Corp, HRD Corp and 8 local universities

by AZALEA AZUAR / Pic by TMR FILE PIX

THE Tunas Usahawan Belia Entrepreneur @ IPT ([email protected]T) programme was launched yesterday to encourage graduates to embrace entrepreneurship.

The programme is a collaboration between SME Corp Malaysia, the Human Resource Development Corp (HRD Corp) and eight local universities.

SME Corp chairman Datuk Seri Syed Hussien Al Habshee said this pilot project would be developed in public universities, as well as other higher learning institutions (IPT), aimed to promote business and entrepreneurship as top choice among graduates.

Higher Education Minister Datuk Seri Noraini Ahmad (picture) hopes that the synergy between the two ministries would provide exposure to graduates, as well as enabling them to learn the process required in order to become a successful entrepreneur.

“Participants of this programme will be given entrepreneurial skills training covering the areas of management, finance, digital marketing; including the provision of “BissCounselor” who provides expert advice on related business.

“Subsequent participants will be guided and monitored for a period of 12 months,” she explained.

A fund of RM15,000 would be provided to each participant in order to start a business.

Additionally, 32 higher learning education residents would be given training in the form of Training of Trainers to become BissCounselors.

“Last February, I launched the IPT Entrepreneurship Action Plan 2021-2025 and the Integrated Entrepreneurship Education Guidelines which outline a new narrative for entrepreneurship development programs in higher learning institutions.

“Both manuscripts outline new short, medium and long-term strategies and approaches in the field of entrepreneurship to be more holistic and integrated, taking into account the development of global and domestic scenarios, as well as potential opportunities that will exist in the future,” she said.

Noraini said this plan is a continuation of several other action plans that aim to help these institutions adopt an entrepreneurial mindset and produce student entrepreneurs and graduates in various fields.

“In 2020 alone, more than 68 thousand or 22.7% of IPT students were recorded as doing business during the study period.

“From that number, a total of 7,564 graduates managed to become successful entrepreneurs after graduation,” said Noraini.

On the TUBE programme, Minister of Entrepreneurial Development and Cooperatives (Medac) Tan Sri Noh Omar said the TUBE 8.0 Programme will also be implemented online involving 600 participants with a fund allocation of RM9 million.

To date, the TUBE programme consists of 6,268 participants and has successfully collected a total of RM135.7 million since its inception in 2014.

A total of 5,643 out of the 6,268 participants have managed to build businesses nationwide through this programme.

“For the six years of implementation, this programme is physically implemented through bootcamps for 21 days at training camps throughout the country to cultivate youth identity in terms of mental and physical, as well as practical training to develop a high sense of identity, teamwork and leadership characteristics among Bumiputera youth.

“However, starting in 2020, the TUBE programme training had to be done online following the Covid-19 pandemic that hit Malaysia,” Noh said.

Noh added that Medac has developed the Entrepreneur and Cooperative Recovery Plan to ensure the sustainability and recovery of entrepreneurial business operations, including microenterprises, small and medium enterprises, cooperatives, social entrepreneurs, start-ups and informal entrepreneurs.

The plan consists of 29 programmes and was implemented in two phases.