The National Entrepreneurship Policy 2030 (DKN2030) that was launched by Prime Minister Tun Dr Mahathir Mohamad on 11th June 2019 will chart the direction towards creating a holistic and conducive entrepreneurial ecosystem to support the equitable and sustainable socio-economic agendas within the next 10 years.
With the holistic policy in place, several issues which have been affecting the entrepreneurs can be resolved in order to establish an inclusive entrepreneurial ecosystem. According to the Prime Minister, Tun Dr Mahathir, the country’s gross domestic product (GDP) and per capita income are expected to increase and based on the current valuation, Malaysia will be able to become a high-income economy by 2021 or 2022.
The voice of entrepreneurs
“Great effort by the government for entrepreneurs”
As an entrepreneur, I am excited about the new government initiatives and their efforts in finding the best way to improve and help entrepreneurs to move forward. Thus, reaching our ultimate goal which is to be an Entrepreneur Nation by 2030.
Dato Seri Vida, Entrepreneur of Vida Beauty Sdn Bhd
“It is much needed for us (entrepreneurs)”
The NEP 2030 is a good strategy and policy by the governemnt. It is much needed by us (entrepreneurs). For me, the government needs to figure out how to help entrepreneurs to move forward from an SME to the next level. Looking back at the policy presented, I think this is a very powerful medium and we need to take all the initiatives given as a sign of support in assisting the government in achieving the ultimate goal of creating a holistic entrepreneurial ecosystem.
Datuk Kimi Iskandar Ismail, Chief Executive Officer of Mood Great Ideas Sdn Bhd
“With this policy, I hope it can help all entrepreneurs to continue contributing to the Malaysia economy”
As an entrepreneur I feel that NEP 2030 is a solid foundation for all entrepreneurs as well as the country. I hope that with this newly launched policy, it will help all entrepreneurs to continue contributing to the country’s economy.
Abdul Hannan Anand Bin Abdullah, Managing Director of Bostarz Sdn Bhd
“MED is a great platform for us to interact closely with the government”
MED is a great platform for us to interact closely with the government. With MED, we know who should we approach in seeking for opinions and assistance to help us further growing in the industry. I believe it is important for the goverment to go on the ground listen to our voice.
Farah Shazrina Bt Yahya, Dealer of Petronas Station Ara Damansara
“We still need your support and encouragement”
One of the policies under NEP 2030 is to create new and young entrepreneurs. I believe it is a great effort, but, don’t forget us who has been long in the industry. We still need the governement support and encouragement. Helps us to push ourselves to the next level.
Rozie Chik, Managing Director of Infinity Channel Sdn Bhd
Important points you should know about NEP 2030
The National Entrepreneurship Policy 2030 is a long-term entrepreneurial strategy of the country which outlines the objectives, targets and strategies and initiatives that will be implemented to develop an entrepreneurial ecosystem across all industry areas and encompass every level of entrepreneurs and communities. This policy will also be the cornerstone of shaping Malaysia as an Entrepreneurial Nation by 2030.
Objectives and targets
I) Creating a holistic and conducive entrepreneurial ecosystem to support inclusive, balanced and sustainable Malaysia socio-economic development agenda
II) Moulding a Malaysian society with entrepreneurial thinking and culture
III) Increasing the number of qualified, viable, resilient and competitive entrepreneurs with global thinking
IV) Enhancing the capabilities of local entrepreneurs and small & medium industries
V) Making entrepreneurship a career of choice
Specific goals that will be achieved through the implementation of DKN
I) Improve and increase Malaysia’s position internationally by 2030 in the entrepreneurial measurement index:
A) Global Entrepreneurship Development Index (GEDI) to the top 25
B) Global Competitiveness Report to top 15 position
C) Ease of Doing Business to the top 10 position
D) Global Innovation Index to the top 20 position
II) Increase SME contribution to Gross Domestic Product (GDP) to 50% by 2030
III) Raising the provision of employment opportunities by SMEs to 80% by 2030
IV) Increase SME export contribution to 30% by 2030
V) Increase Cooperative revenue to RM60 billion by 2020
Six core elements
I) Core Strategy 1:
Inculcation of entrepreneurship at every level of society
II) Core Strategy 2:
Optimizing the regulatory system and access to financing
III) Core Strategy 3:
Stimulating integrated and holistic entrepreneurial development
IV) Core Strategy 4:
Spurring economic growth through innovation-based enterprises
V) Core Strategy 5:
Boosting capability and performance of micro, small and medium enterprises
VI) Core Strategy 6:
Internationalisation of high-growth companies
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