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MTDC, SME Corp collaborate to empower Malaysian SMEs in the export market

by | Dec 14, 2023 | Business, LOCAL, NATIONAL, NEWS | 0 comments

Malaysian Technology Development Corporation (MTDC) and SME Corporation Malaysia (SME Corp) have recently officially exchanged a Memorandum of Understanding (MoU) to collaborate and build partnerships to foster entrepreneurial growth of Malaysian Small and Medium Enterprises (SMEs).

This marks a significant step forward as the strategic partnership aims to leverage the strengths of both parties to establish networks that aspire entrepreneurs, access to technologies while, help them to navigate challenges, expand their market reach through exports and succeed in their ventures.

Under this partnership, MTDC and SME Corp will work closely to develop a symbiotic relationship and platforms, share valuable business insights, and create comprehensive programs to enhance the competitiveness and innovation of Malaysian entrepreneurs.

This collaboration signifies a commitment 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 (TSMEX)’ 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.

The TSMEX programme, which will be curated and executed by MTDC’s training academy, Technopreneur Training Academy (TENTRA) will begin with a seven-day training programme for 300 companies. These SMEs will be able to gain useful knowledge and a deep understanding of the best exporting processes and practices.

Following completion of the seven-day training, 30 potential SME’s will be carefully selected by MTDC and SME Corp to be enrolled in a three-month intensive programme, where they will be trained by industry experts and professionals to help them develop their exports plan and strategies.

The selection criteria for SMEs to participate in the TSMEX programme requires that they have been in operation for more than 6 months, are registered under Suruhanjaya Syarikat Malaysia (SSM), have at least 60% 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 2024.

-THE MALAYSIA VOICE

MoU Exchange between MTDC and SME Corp MoU-Exchange-between-MTDC-and-SME-Corp.JPG

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