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REWARDING AND ENCOURAGING THE SPIRIT OF ENTREPRENEURSHIP - SME Corp. Malaysia recognises Malaysia’s Leading Entrepreneurs through its Enterprise 50 Award 2013

“Celebrating Malaysia’s Enterprising Spirit” - the theme of this year’s Enterprise 50 Awards (E50) best describes the high potential as well as the aspirations of Small and Medium Enterprises (SMEs), which are being recognized as the backbone of our economy. In keeping with the Government’s efforts to nurture and build a more resilient and competitive SME Community, the E50 was first introduced in the year 1996. The Award serves as a platform to recognize Malaysia’s leading, home-grown entrepreneurs under the auspices of SME Corp. Malaysia and Deloitte Malaysia. The event is also supported by the Ministry of International Trade and Industry (MITI), RHB Bank Berhad and Telekom Malaysia Berhad (TM), along with other sponsoring organisations.

For 17 years, the E50 has gained reputation as a credible and prestigious annual program to showcase and celebrate the achievements of fast growing SMEs in and beyond Malaysia. 50 winners are selected annually from thousands of nominations received and the evaluation is based on key financial and non-financial parameters. To date, a total of 1,726 companies participated and 547 companies have been selected as top winners. From this pool of champions, 46 have been listed on the Malaysian Bourse and 14 on ACE Market (formerly known as MESDAQ).

Each participating company is assessed according to quantitative and qualitative indicators. Under quantitative indicators, the assessment focuses on the company’s profitability, liquidity and leverage. While under qualitative indicators, the assessment focuses on competitive posture, growth strategy, vision, major capital, business process, market presence and extent of information technology usage of the company.

Following on, participants are provided points based on their performance in the quantitative and qualitative indicators. The top 50 companies are further shortlisted based on the accumulative points given throughout the assessments. A performance ranking of all the participating companies is done before submitting to an independent panel of judges.

SME Corp. has in many ways augmented the benefits for the E50 winners to include sponsorship of the top 10 winners for enrollment in The Oxford Advanced Leadership Program. This prestigious management and leadership training program is organised by Eurasia Consortium, a world-renowned group of knowledge intensive, globally-focused business, headquartered in Oxford. The program content is delivered by Oxford and UK-based academicians and internationally acclaimed experts from research center, government bodies and business sector. In keeping with the Government’s vision of creating competitive, innovative and resilient local SMEs, that are well-equipped to emerge as global players, such a program has been proven to be effective towards gaining new knowledge and skills, international best practices, and business networking opportunities.

Among other perks, the E50 winners also benefit from media publicity in both electronic and print media, which helps them to gain some visibility and promotion for their businesses. The winners are also featured on the E50 website, endorsed with mark of recognition and excellence, among many others besides receiving the E50 award trophy and certificate at an award dinner whereby they have an opportunity to network with other movers and shakers of the Malaysian SME of different industries.

E50 winners are also automatically nominated to the Industry Excellence Award and National Productivity Award and been given the special access to the winners circle where winners can access latest industry, specific research reports, case studies and ground breaking information as well as receive benefits from E50 award partners which includes Deloitte for its Tech Fast 500 Program, Business Solutions Package from TM Berhad and fast lane processing for loan application and RHB Bank Business Platinum Credit Card.

This year, the E50 winners will be invited together with Alumni of E50 winners to a golf tournament that will be held on 23rd November 2013 at The Mines Golf Club. The upcoming E50 Gala Dinner that is scheduled on 15th November 2013 will be the date for newly born top winners as well as an indication of their special route to greater success.

For more information on E50 Award, please log on to http://www.e50.com.my/ or http://www.smecorp.gov.my.

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SME Corporation Malaysia
Level 6, SME 1, Block B 
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Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

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Fax Line: 03-2775 6001

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