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Harnessing Growth Potential of Home-Grown SMEs and Entrepreneurs

The Top 10 winners of the Enterprise 50 (E50) Award 2013 will be making their way to the Oxford University to attend leadership courses, designed to help them create and drive dynamic, global businesses. A total of 50 winners have been nominated from 274 SMEs that were evaluated on various parameters including business performance; financial, management and technical capabilities; production capacity; quality systems and innovation.

Institutionalized by SME Corp. Malaysia in partnership with Deloitte Malaysia and with the support of the Ministry of International Trade and Industry (MITI), the announcement of the Top 10 winners of the E50 Award winners was made by YBhg. Dato’ Hafsah Hashim, Chief Executive Officer of SME Corp. Malaysia at a Press Conference this morning. The Top 10 winners were Dewina Food Industries Sdn Bhd, Exis Tech Sdn Bhd, Furutec Electrical Sdn Bhd, Gading Kencana Sdn Bhd, Indkom Engineering Sdn Bhd, Lybase Sdn Bhd, My CO2 Sdn Bhd, Natural Health Farm Marketing (M) Sdn Bhd, Penchem Technologies Sdn Bhd and SYM World Innovation Sdn Bhd.

Based on the analysis that was shared by Deloitte Malaysia, to date, a total of 1,785 companies have participated in this Award Program in which 581 companies have been selected as winners. From this pool of champions, 60 have been listed on the Malaysian Bourse with 46 on the Main Board and another 14 on the ACE Market (formerly known as MESDAQ).

This year, manufacturing still remain as the most dominant sector that participated in the E50 which comprises 40% of the nominations. Based on the analysis too, Bumiputera – owned companies have recorded a 10% decrease in terms of their participation, from 31 companies in 2012 to 28 companies in 2013. Last year, Bumiputera-led recorded a 210% increase in their participation. Additionally, this year, participation by companies led or owned by women entrepreneurs have recorded a 25% increase, from 8 companies in 2012 to 10 companies in 2013.

The Enterprise 50 Award was presented by YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry. The E50 Award Gala Dinner with the theme ‘Celebrating Malaysia’s Enterprising Spirit’ was held at the prestigious Kuala Lumpur Convention Centre, the E50 Award recognize outstanding and successful home-grown SMEs for their demonstrated excellence and promising potential to drive economic growth.

Since its inception in 1996, the E50 Award has successfully created a new league of entrepreneurs, who are not only setting new benchmarks of success for the SME Community, but also serve as an inspiration to achieve unlimited growth.

Adding to a host of benefits, the winners of E50 will receive an award trophy; a certificate; nominations to both the Industry Excellence Award (AKI) and the National Productivity Award; automatic entry into Deloitte Tech Fast 500 Program; special Business Solutions Package from Telekom Malaysia Berhad; as well as fast lane processing for loan application and RHB Business Platinum Credit Card from RHB Bank.

The E50 Award 2013 was supported by partners and sponsors namely MIDF, RHB Bank Berhad, TM Berhad (TM), Media Prima Berhad, Business Times, and Malaysia SME.

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