What is GrowBiz?
GrowBiz Programme is an initiative under the Micro Entrepreneur Business Development Programme (BizME) by SME Corp. Malaysia which specifically aims to enhance knowledge and guide micro enterprises in upgrading their businesses into small-sized enterprises. GrowBiz is conducted by qualified Implementation Partners appointed by SME Corp. Malaysia with vast experience on MSME business transformation.

 

What does it aim?
GrowBiz employs a structured modular hand-holding approach which includes the elements of business coaching and training, business rating and certification, as well as business monitoring in order to guide micro enterprises to transform their businesses to the next level.

 

What to expect?
All GrowBiz participants are required to undergo a specialised and customised training module which includes:

• Self-Transformation
•  Entrepreneurial Journey
• Business Communications
• Operations Management
• Marketing & Branding
• Resource Management & Finance
• Business Compliance & Legislation
• Technology Transformation & Digitalisation
• Customer Relationship Management
• Business Models & Systems

 

Who are its targets?
GrowBiz is open to micro enterprises with positive outlook and ready to transform to new norm that wish to grow their businesses to the next level. Micro enterprises from all over Malaysia to represent various races, sectors and industries will be selected to participate in this programme including women-owned and youth-owned micro enterprises.

 

How is it conducted?

• GrowBiz offers intensive training to eligible participating micro enterprises.
• Training and coaching sessions for participating micro enterprises will be conducted hands-on by the Implementation Partner.
• Participating micro enterprises will be monitored for assessment by the Implementation Partner within six (6) months from the commencement of training session and six (6) months after the completion of the programme.
• Participating micro enterprises are required to register MSME Status by SME Corp. Malaysia during the programme period to validate that the company / business is a Micro, Small or Medium Enterprise (MSME).
• Participating micro enterprises are encouraged to undergo SCORE rating by SME Corp. Malaysia during the implementation period of GrowBiz 2024 to evaluate their current performance.

 

What is the fee structure?
SME Corp. Malaysia shall fund 90% of the programme package cost for all GrowBiz participants. Participating micro enterprises shall only need to pay the remaining 10% as participation fee along with a charge of RM100.00 for MSME Status registration.

 

 

Who is eligible?

1. Micro enterprise registered under the Companies Act 1965 or 2016 / Business Registration (1956) / Limited Liability Partnership Act 2012 / Business, Profession & Licensing Trade Ordinance (ONLY for Sabah and Sarawak) / registered with any professional body that is recognised by law
2. Micro enterprise with annual sales turnover of at least RM100,000 with priority given to businesses that have achieved annual sales turnover of at least RM250,000
   • Company is required to submit MSME Status Certificate OR latest Audited Financial Statement / Management Account for at least one (1) year (latest) / EPF Statement

Definition of Micro Enterprise across all sectors
Annual sales turnover of less than RM300,000 OR number of full-time employees of less than 5 people

3.  At least 60% of equity owned by Malaysian citizen

4. Operate from valid business premise with valid Business License from Local Authority

5. Participants should have a positive mindset, be open towards making personal and business changes and be coachable. Participants shall undergo an interview process

How are participants selected?

• An interview session shall be conducted for the selection of participants.
• SME Corp. Malaysia shall reserve the rights for the final selection of participants. Only successful applicants shall be notified.

Note:

• Micro enterprise (ME) companies that have previously participated in the GrowBiz Programme are not eligible to nominate participants for the GrowBiz 2024 Programme.

Who to contact?
If you are interested to enroll into the GrowBiz 2024 Programme, kindly submit your application to the Implementation Partners appointed by SME Corp. Malaysia as follows:

• Participant from Peninsular Malaysia
  AverNoble Sdn. Bhd.
  Nur Amirah Binti Mansor, Programme Manager
  Tel. : 012-918 2750 / 03-8604 8655
  Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
  
  
• Participant from Sabah & Sarawak
  Celebrate TV Sdn. Bhd.
  Nur Afiqah, Executive
  Tel. : 013-643 1598
  Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Download application form for Growbiz 2024 [PDF]

When is the deadline?

• Peninsular Malaysia's participants : 15 June 2024
• Sabah & Sarawak's Participants: 30 June 2024

 

Disclaimer:
Programme implementation is based on the availability of funds for 2024. SME Corp. Malaysia shall reserve the rights to decline any application for participation in GrowBiz 2024 Programme that does not meet the criteria as well as terms and conditions set. All decisions are final and any appeals shall not be considered.