Friday, September 25

MyNEF programme expands opportunity for Teraju non-winners


KUCHING: Applicants who did not make the final cut for the Bumiputera New Entrepreneurs’ Start-Up Scheme (SUPERB) Programme can still pursue their business dreams thanks to a new venture with the New Entrepreneurs Foundation (MyNEF).

According to Unit Peneraju Agenda Bumiputra (Teraju) senior director of Business/Entrepreneur Development Megat Yatim Megat Hamid, one way is through SUPERBXCEL, a programme that focuses on helping SUPERB participants to improve their business ideas so that they can increase their chances of getting funding or increase their revenue.

This programme complements Teraju’s SUPERB initiative, aiming to provide the overall industry perspective of the Bumiputera entrepreneur system annd identify haps, strengths, actions and assistance.

“We signed a memorandum of understanding (MoU) with MyNEF last year to assist the other 4,000-plus applicants who did not become winners of the SUPERB programme,” Megat told The Borneo Post in a courtesy visit recently.

“With this MoU, the initiative will help these applicants to further develop their ideas and act as enablers to push them to further continue expanding their capacities and capabilities with their business proposals.”

Megat said this was necessary as the Bumiputra empowerment agency wishes to aid the non-winners who number more than 4,000 applicants who still have solid concepts but needed further fine-tuning.

“We want to acknowledge your ideas and give you the support. Under the SUPERB programme in 2014, we picked 54 winners out of 4,000 applications – we picked the best out of the best. So it’s definitely not easy to become the winner of the SUPERB programme.

“Having said that, we are getting other agencies to come in to you under their umbrella, to put you in their incubation programmes.

“They will give you the necessary guidance, the help to fine-tune your business proposals further. So this is how we support the entrepreneurship development,” he said.