MTDC, SME Corp to foster SME entrepreneurial growth

KUALA LUMPUR: Malaysian Technology Development Corporation (MTDC) has partnered with SME Corporation Malaysia (SME Corp) to foster entrepreneurial growth of small and medium enterprises (SMEs). 

The partnership also aims to leverage the strengths of both parties to establish networks that aspire entrepreneurs, access to technologies while help them to navigate challenges and expand market reach through exports.

MTDCs aid it will work with SME Corp to develop a symbiotic relationship and platforms, share valuable business insights and create comprehensive programmes to enhance the competitiveness and innovation of Malaysian entrepreneurs. 

This is to encourage the adoption of appropriate technologies and support for SMEs to elevate their presence both locally and abroad. 

"Through this collaboration, a new programme called 'Transforming SMEs into Exporters' will be introduced to support and prepare more local SMEs to expand their businesses abroad through exporting.  

"The two-phase programme will involve a series of training sessions, workshops, advisory and handholding activities," it said.

MTDC chief executive officer Mohammad Hazani Hassan said the partnership will further strengthen the corporation's collaboration and leverage its expertise in nurturing and supporting technology-driven enterprises. 

"By combining our resources and expertise, we can provide a robust platform for SMEs to thrive in the ever-changing market and prepare our local SMEs for the export opportunity," he said in a statement. 

SME Corp chief executive officer Rizal Nainy said through targeted training initiatives and strategic guidance under TSMEX programme, SMEs stand to benefit from the wealth of knowledge and experience that MTDC brings to the table. 

This will empower SMEs, providing them with valuable resources to navigate the complexities of international trade, ultimately contributing to their growth and success in the global market. 

The TSMEX programme, which will be curated and executed by MTDC's training academy, Technopreneur Training Academy will begin with a seven-day training programme for 300 companies.  

The selection criteria for SMEs to participate in the TSMEX programme requires that they have been in operation for more than six months, are registered under Companies Commission of Malaysia, have at least 60 per cent equity Malaysian ownership and have a minimum annual sales turnover of RM300,000. 

The programme will begin in January 2024 with selected participants, followed by the training session, and is expected to conclude by September next year.

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