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Background of

SME Corporation Malaysia. Background of. SME Corp. Malaysia’s Corporate Headquarters, Kuala Lumpur. SME Corporation Malaysia. OUR Vision & Mission. Vision |.

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Background of

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  1. SMECorporationMalaysia Background of SME Corp. Malaysia’s Corporate Headquarters, Kuala Lumpur

  2. SME Corporation Malaysia

  3. OUR Vision & Mission Vision | The PREMIER organisation for the development of progressive SMEs to enhance wealth creation and social well-being of the nation Mission | Promote the development of competitive, innovative and resilient SMEs through effective coordination and provision of business support

  4. Profile ofSMEs in Malaysia

  5. SMEs ~ Backbone of Economy 99% Total Establishments 32% GDP 59% Employment 19% Exports Source: Census of Establishments & Enterprises 2005

  6. Distribution of SMEs ~ by Sector • Plantation & horticulture • Fishery & aquaculture • Poultry farming AGRICULTURE(6.2 %) MANUFACTURING(7.2 %) • Textiles & apparels • Food & beverages • Metal & metal products SERVICES(86.6 %) • Wholesale & retail • Restaurant & hotel • Transport & communication Source: Census of Establishments & Enterprises 2005

  7. SMEs ~ OUTPACED OVERALL ECONOMY • SME growth outperformed overall economy (2005 – 2009) GDP Annual Growth (2000 price) GDP & SME Growth

  8. SMEs ~ THEIR MAJOR CHALLENGES • Limited access to advisory services • Limited marketing & promotion strategies • Limited access to domestic & global markets • Management & technology capability constraint • Low value-add & lacking in competitiveness • Inadequate training • Limited capability in R&D & technology • Difficulty in retaining manpower • Difficulty in obtaining financing • Lack of international certification for export • Limited use of e-commerce & internet marketing

  9. Development Programmes for SMEs

  10. SME Development Programmes ~ 2012 FOCUS AREAS NO. OF PROGRAMMES FINANCIAL ALLOCATION (USD MIL) 144 4,919.9 TOTAL

  11. Focus Areas vs SME Development Programmes • 1-Innovation Certification for Enterprise Rating & Transformation Programme (1-InnoCERT) Innovation & Technology • Skills Upgrading & Entrepreneurship Programme • SME University Internship Programme Human Capital Development • Shari’ah-compliant SME Financing Scheme(SSFS) • Commercialisation Innovation Fund (CIF) • Business Accelerator Programme (BAP) • Enrichment and Enhancement Programme (E2) • Soft Loans Access to Financing National Mark of Malaysian Brand Market Access Branding Innovation Centre (BIC) Mobile Gallery Infrastructure

  12. What is SCORE? What is SCORE? • a comprehensive diagnostic tool to rate and enhance competitiveness of SMEs based on their performances and capabilities. • developed in August 2007. Function Example of Radar Diagram for 3-Star company • identify strengths and weaknesses for improvements; and • facilitate linkages. Parameter • Business Performance • Financial Capability • Management Capability • Production Capability Characteristics • Technical capability • Quality System • Innovation Analysis: Weak in financial capability Assistance: Requires training in financial management & improvement in quality management • 0 – 2 Stars : Very basic business operation • 3 – 5 Stars : Some degree of sophistication and can be groomed for export Implementation Channel (Existing Collaborators) • Retail & Distributive Trade (PUNB) • Construction (CIDB) • ICT (MDeC) • Maintenance, Repair & Overhaul (MINDEF) • Professional Services • (PSDC)

  13. What is M-CORE? What is M-CORE? • a comprehensive diagnostic tool to enhance competitiveness of Micro Enterprises • developed in Feb 2010 Example of Radar Diagram for Level 2 Micro Enterprise Functions • identifies strengths and weaknesses for improvements; • Business Capabilities; • Financial Capabilities; • Operations; and • Management. Parameters Analysis: Need to improve on business capability, including quality management Assistance: To identify relevant training programmes & quality management system for entrepreneur Characteristics • Level 1 : Basic business operations • Level 2 : At average and has a potential • Level 3 : Complete the criteria Proposed Implementation Channel • TEKUN • AGROBANK • SME BANK • BSN • AIM • ICU, JPM

  14. SME Masterplan(2012-2020)

  15. Charting Future Direction ~ SME Masterplan High-income Nation 4Goals & 6Focus Areas 41% Chart direction until 2020 62% 25% 6 High Impact Programmes GTP SME Masterplan ETP Year 2010 Year 2020 rTP 32% GDP RTP ETP National Policies GTP Employment 59% 19% Exports

  16. SME Masterplan ~ 4 Goals To increase BUSINESS FORMATION To expand no. of HIGH GROWTH & INNOVATIVE FIRMS To raise LABOUR PRODUCTIVITY To intensify FORMALISATION

  17. SME Masterplan ~ 6 Focus Areas Constraints to Growth ~ need to be addressed simultaneously 18

  18. SME Masterplan ~ 6 High Impact Programmes HIP 1:   Integration of registration and licensing of business establishments HIP 4:   Going Export (GoEx) Programme HIP 2:   Technology Commercialisation Platform (TCP) HIP 5:    Catalyst Programme HIP 3:   SME Investment Programme (SIP) HIP 6:   Inclusive Innovation

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