SME-Malaysia-Lighthouse

SME Corporation Malaysia

Established in 1996, SME Corporation Malaysia (SME Corp. Malaysia) is the central coordinating agency (CCA) under the Ministry of Entrepreneur & Cooperatives Development (MECD) that coordinates the implementation of development programmes for small and medium enterprises (SMEs) across all related Ministries and agencies. It acts as the central point of reference for research and data dissemination on SMEs and entrepreneurs and provides business advisory services for SMEs. SME Corp. Malaysia also implements various programmes and initiatives under its auspices, including its annual flagship programmes, such as the SME Annual Showcase (SMIDEX), Enterprise 50 (E50) Award, and Entrepreneurship and  SME Week.

As the central coordinating agency (CCA) for the overall SME development in Malaysia, SME Corp. Malaysia coordinates, streamlines, monitors, and evaluates the progress and effectiveness of SME development programmes implemented by 13 Ministries, 5 Sole Agencies, 45 Agencies, and 10 State Governments. The information collected from the relevant Ministries and agencies is reported annually under the SME Integrated Plan of Action (SMEIPA).

President Review:

What sets SME Corporation apart is its diverse range of programs, each designed with a multi-tiered approach that is both unique and impactful. Among these initiatives, the Malaysia Inclusive SME Ecosystem (i-SEE) program stands out as a transformative force in the MSME landscape. This program empowers underserved groups, including B40 communities, rural populations, youth, retirees, women, older individuals, and persons with disabilities (OKU). By fostering the development of innovative products tailored to their specific needs, i-SEE not only uplifts these communities but also creates a more inclusive and dynamic entrepreneurial ecosystem in Malaysia.

The program fosters innovation, drives community transformation, and empowers the economy by providing financial assistance through grants, guidance, and technical support.

ICSB recognizes i-SEE as a best practice for focusing on these vital segments, showcasing how innovation can create lasting impact and build a more inclusive MSME ecosystem.

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