Business Support System

BUSINESS SUPPORT SYSTEM IN MALAYSIA 1) Technical Assistance

Offering technical assistance to entrepreneurs would contribute ways in improving production methods and developing systematic management processes. Agencies that offer the services:    

Majlis Amanah Rakyat (MARA) Malaysian Agriculture Research and Development Institute (MARDI) Rubber Research Institute of Malaysia (RRIM) Malaysian Development Corporation (MTDC)

2) Financial Assistance

Many entrepreneurs face the difficulty of having sufficient funds in their start-ups. Several financing facilities created by commercial banks, licensed financial companies and government agencies to assist entrepreneurs. Agencies that offer the services:      

Women Entrepreneurs Fund Small Entrepreneur Fund Multimedia Development Corporation (MDC) Malaysian Exchange of Securities Dealing and Automated Quotation (MESDAQ) Fund for Small and Medium Industries (FSMI) Rehabilitation Fund for Small and Medium Industries

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Tabung Project Usahawan Bumiputera (TPUB) Tekun Nasional

3) Marketing Assistance

It is crucial for entrepreneurs to possess marketing skill in order to market their goods and services. Agencies that offer the services:  Ministry of International Trade and Industry (MITI)  Malaysian External Trade Development Corporation (MATRADE)  Federal Agricultural Marketing Authority (FAMA)

4) Infrastructure Assistance

In the initial stage of a business, entrepreneurs would face difficulty in having sufficient infrastructure assistance such as suitable business location equipped with facilities. Agencies that provide facilities:  Majlis Amanah Rakyat (MARA)  Urban Development Authority (UDA)  State Economic Development Corporation (SEDC)

5) Information Providers

It is critical for entrepreneurs to have sufficient information in the form of statistics, business opportunities and new research findings to start or expand their business. Agencies that provide the services:  Malaysian External Trade Development Corporation (MATRADE)  Standard and Industrial Research Institute of Malaysia (SIRIM)  Malaysian Investment Development Authority (MIDA)

6) Research and Development

R&D is relates to sustain a business in today’s challenges business environment, where it is crucial to conduct project feasibility studies, marketing research and research on technology. R&D would increase efficiency in terms of productivity, quality products and technology achievement among entrepreneurs. Agencies involve in initiatives:  Malaysian Agriculture Research and Development Institute (MARDI)  Standard and Industrial Research Institute of Malaysia (SIRIM)

7) Training, seminars, workshops

It is important for entrepreneur’s to possess the right skills in managing their business. Government provides rebate or tax reduction for services acquired under particular training schemes which are recognized and approved by the Ministry of Human Resources Development. Agencies that offer the services:  Malaysian Entrepreneurs Development Centre (MEDEC)  Majlis Amanah Rakyat (MARA)  National Productivity Corporation (NPC)  State Economic Development Corporation (SEDC)  Centre for Instructor and Advances Skills Training (CIAST)  Small and Medium Enterprises Corporation Malaysia (SME Corp. Malaysia)  Small and Medium Industries Development Corporation (SMIDEC)