IP the way to go for SME entrepreneurs
April 26, 2021
This article is in conjunction with World Intellectual Property Day which is observed on April 26 annually. In Malaysia, the national theme for the day this year is ‘IP & SMEs: Taking Your Ideas to Market’.
KUALA LUMPUR – Every business is sparked by an idea, and the reality is that the millions of small and medium enterprises (SMEs) operating around the world always start their day with new business ideas and bringing them to the marketplace.
And so, World Intellectual Property Day is observed for us to learn more about how these ideas can be converted into intellectual property (IP), in addition to understanding the important role that IP plays in driving innovation and the creativity of a business.
Monday, 26 Apr 2021 09:51 PM MYT
Datuk Seri Wan Junaidi Tuanku Jafaar speaks to reporters in Kuching June 5, 2019. Picture by Sulok Tawie
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SUBANG JAYA, April 26 The government targets to have a total of 50 small and medium enterprises (SMEs) under the Strategic Industries and High-Performance SME Improvement Programme (Prestige): Aerospace Manufacturing Initiative (AMI) by 2030.
The programme is implemented by the Entrepreneur Development and Cooperatives Ministry (Medac) through SME Corporation Malaysia.
Medac minister, Datuk Seri Wan Junaidi Tuanku Jaafar, said 30 SMEs had been involved in the programme since 2017, and 10 more SMEs were expected to be brought in this year.
The programme is implemented by the Entrepreneur Development and Cooperatives Ministry (MEDAC), through SME Corporation Malaysia.
MEDAC minister Datuk Seri Wan Junaidi Tuanku Jaafar said 30 SMEs had been involved in the programme since 2017, and 10 more SMEs were expected to be brought in this year.
“The programme has made a positive impact, with the SMEs involved recording cumulative sales of RM69.9 million in 2019 for an average sales growth of nearly 24%,” he told reporters after the official opening of the new building of one of the programme’s participants, Kaizan Aero Manufacturing Sdn Bhd, here today.
Apart from this achievement, the company had also obtained the quality management system certifications needed for the aerospace industry, including the AS9100 and NADCAP (National Aerospace and Defense Contractors Accreditation Programme) certifications, to fulfil the criteria for being a global aerospace component producer, Wan Junaidi said.
(From left) Dr Wendy Liow, Dr Tang U-Liang and Dr Paolo Casadio from HELP University ’s ELM Graduate School.
THE importance of the digital economy is further amplified by the unprecedented Covid-19 pandemic, which ironically has given a strong fillip to e-commerce around the globe.
HELP University is at the forefront of IT, data analytics and data science education. It was designated a Premier Digital Tech Institution by the Malaysian Digital Economy Corporation (MDEC) for its efforts in transforming into an analytics-driven entrepreneurial university – one of the few so honoured.
HELP offers two relevant bachelor’s and two master’s programmes – Bachelor of Business Analytics, Bachelor of IT (Data Analytics), Master of Applied Business Analytics (MABA) and Master of Data Science (MDS).
Apply for government assistance packages quickly, SMES told 18 Apr 2021 / 15:23 H. Pix for illustration purposes.
KUALA
LUMPUR: Many small and medium enterprises (SMEs) might lose out due to their failure to apply for the government’s assistance packages as they are not aware that the programmes will end by August, a financial educator said today.
Funds and incentives under the stimulus packages have helped many eligible SMEs to sustain their businesses during the Covid-19 pandemic, said Amy Seok, chief executive officer of Money Compass Media (M) Sdn Bhd.
“SMEs should apply for such assistance quickly as they are set to end when the Movement Control Order is totally lifted,” she told