The Ministry of Entrepreneur Development (MED) targets six more anchor firms under the Vendor Innovation Partnership Programme (VIPP). VIPP is a platform for anchor and vendor companies to expand their business through cross-cutting, covering all aspects of the food chain.
Deputy Minister Datuk Dr Mohd Hatta Md Ramli said this would promote the development of small and medium enterprises (SMEs) and contribute up to 50 per cent of government revenue.
Currently, there are 21 anchor and 1,228 vendor firms under the ministry’s Vendor Development Programme (PPV).
“Under the VIPP, the ministry hopes to attract more anchor and vendor companies from various industries to empower the PPV as one of the entrepreneurship development platforms in line with the aspirations of the National Entrepreneurship Policy 2030 (DKN 2030) and Shared Prosperity Vision 2030,” he said.
The VIPP featured several exciting segments such as business sharing session with 21 local and foreign entrepreneur icons, financial clinics and also business matching session. The program also showcases 16 pavilions by anchors and potential anchor companies and 12 exhibition stalls by technical agencies and financial institutions. The VIPP program targets 5,000 visitors during its two-day event.