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ENTREPRENEURSHIP IN MALAYSIAN HIGHER EDUCATION : POLICY, CHALLENGES AND WAY FORWARD SYAHIRA HAMIDON Ministry of Education, Malaysia

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Presentation on theme: "ENTREPRENEURSHIP IN MALAYSIAN HIGHER EDUCATION : POLICY, CHALLENGES AND WAY FORWARD SYAHIRA HAMIDON Ministry of Education, Malaysia"— Presentation transcript:

1 ENTREPRENEURSHIP IN MALAYSIAN HIGHER EDUCATION : POLICY, CHALLENGES AND WAY FORWARD SYAHIRA HAMIDON Ministry of Education, Malaysia Syahira.hamidon@moe.gov.my

2 High Income Targets US$15k-20k per Capita by 2020 Sustainability Meets present needs without compromising future generations Inclusiveness Enables all communities to fully benefit from the wealth of the country Where Malaysia Wants To Be? Market Led Well- Governed Regionally Integrated Innovative Entrepreneurial Characterics of Malaysia’s Economy in 2020

3 Initiatives To Promote Entrepreneurship Dedicated funding for SME Business in transformation programmes Provision of support facilities including incubators, advisory services and training Special support for young entrepreneurs

4 Emphasis on Education and Training  A large sum of Malaysian budget has consistently been for education and training (about 21%) Accountable to provide the country with quality and competitive human capital MINISTRY OF EDUCATION MALAYSIA (MOE)

5 Entrepreneurship in Education 3 MAIN OBJECTIVES Produce graduates with entrepreneurial mindset and capabilities Increase the number of Graduate Entrepreneurs Nurture entrepreneurial Academics and Researchers To strengthen the implementation of EE in Malaysian Higher Education To ensure the success of Entrepreneurship Development Policy for IHLs OBJECTIVES

6 Entrepreneurship Inculturation Programme Structured Entrepreneurial Empowerment Programme Strategic Collaboration with industry and entrepreneurs Training of Trainers Programme Development of ‘Fully Integrated Student Entrepreneurial Mapping and Entrepreneurial Knowledge Management System’ Social Entrepreneurship Programme Small Medium Enterprise Development Academy (SMEDA) Ministry of Education Entrepreneurial Awards (MEA) Credited Co- Curriculum Activities Increase awareness on the importance of EE Increase involvement and participation of students in entrepreneurship program and activities Enhance student’s readiness to venture into entrepreneurship as a career option Positive Outcomes of The Policy

7 Issues & Challenges

8 HARNESSING ENTREPRENEURIAL GRADUATES Happy citizens Self employed Employed Business Entrepreneurs KEY STRATEGY KEY PERFORMANCE INDICATORS Increase graduate employability Increase number of graduate entrepreneurs KEY OBJECTIVES  Enhancing entrepreneurial personal capacity of graduates  Making entrepreneurship central to the way education operates Social Entrepreneurs Way Forward Generic Student Attributes

9 Conclusion 1.Malaysia believes that entrepreneurship and innovation are the catalysts of growth 2.Provision of supportive ecosystem is a crucial factor 3.Not everyone needs to become an entrepreneur, but all members of society need to be more entrepreneurial! 4.EE has become a policy and critical agenda in Malaysian higher education

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