Promoting Holistic and Integrated Entrepreneurship Development

Three strategies have been drawn up to increase entrepreneurial opportunities for all levels of Malaysian society in order to enhance the socio-economic status of all concerned, namely:

C1: Support entrepreneurial endeavor of Bumiputera, disadvantaged & special focus groups

• Intensify outreach programme to disadvantaged group including low income households (B40), rural communities, differently-abled people
• Targeted assistance and intervention programmes to boost entrepreneurial capability and skills of Bumiputera, disadvantaged groups and special focus groups including women, youth, senior citizen and orang asli/asal community
• Create ‘incubation space’ in potential rural and economically depressed areas that is available to would-be/aspiring entrepreneurs

C2: Co-operatives as driver to inclusive socio-economic development

• Intensify co-operative movement towards low income households (B40) and rural communities, including promoting the establishment of community-based co-operatives
• Enhance capacity and capabilities of co-operatives in main economic sectors through a widen access to programmes, assistance and business opportunities at par with SMEs
• Transform the co-operative ecosystem landscape by undertaking a structural reform of agencies related to co-operatives and liberalising the regulatory framework for co-operatives

C3: Promote social entrepreneurship

• Instigate awareness and promote better understanding of social entrepreneurship through stronger community building
• Provide on-going support and capacity development programme for social entrepreneurs to expand their market and business opportunities as well as for scalability and sustainability of their enterprise
• Implement Inclusive Business (IB) model approach in the value chain of big companies, such as limited liability companies (LLCs) and multinational corporations (MNCs) to benefit microenterprises