Quality Ideas, Quality People To Develop Entrepreneur Community, Says Najib

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PUTRAJAYA, April 29 – Prime Minister Datuk Seri Najib Tun Razak says the entrepreneur community must be developed based on “quality ideas, quality people” and not “whom you know.” “It is not whom or who you know but what you should know. It’s not who, but know-how and know what,” he said. There was a need to produce more entrepreneurs who stressed on quality ideas that could be translated to products that could be commercialised and provide an impact to the country’s economy, he said when speaking at the introduction of 13 winners of the grant for the Bumiputera New Entrepreneurs’ Start-Up Scheme (SUPERB) under the Bumiputera Agenda Steering Unit (TERAJU) in the Prime Minister’s Department. Najib launched the three-year RM100 million SUPERB on Jan 27, which provides grants for applicants who come up viable business ideas. At today’s event, 13 entrepreneurs were selected as SUPERB grant winners for the 2014 first series, with each receiving RM500,000. The first series of the SUPERB BizPitch, which started from Feb 2 to Feb 21, received 1,791 applications on business ideas. Another 12 participants of the scheme also received RM25,000 as a support grant to continue their entrepreneurship. The second SUPERB series will start on May 1. TERAJU will intensify efforts to woo more Bumiputera entrepreneurs’ participation at state level by holding SUPERB BizPitch screening sessions at every economic corridor. Najib, who is also Finance Minister, urged TERAJU to help expand the products produced under SUPERB. “If there were products that can be used by the government and GLCs, we will asked them to use the products,” he said. The prime minister also urged the unsuccessful finalists in the first session to re-apply by improving their business model and the technology used to take part in the second series. “Hopefully, SUPERB winners will become the benchmark to future entrepreneurs,” he said. Najib also announced the names of corporate figures who have agreed to be involved in the SUPERB BizPitch second series. They are Puncak Niaga Holdings Bhd executive chairman Tan Sri Rozali Ismail, Celcom Axiata Bhd chief executive officer Datuk Seri Mohammed Shazalli Ramly and KRU Studios president and group chief executive officer Norman Abdul Halim. Among them who were involved in the first series were MYDIN Holdings Bhd managing director Datuk Ameer Ali Mydin and AirAsia Bhd executive chairman Datuk Kamarudin Meranun. Meanwhile, one of the SUPERB grant winners, Megat Farril Rizal, a software architect, 37, developed an “ENCR8TOR XLAYER”, a data security solution for all types of data security, thanked Najib and TERAJU for helping him and fellow Bumiputera entrepreneurs who did not have enough capital to expand their business. “Without this assistance, I cannot get anywhere. With this RM500,000 grant, I can focus attention to enable my product to penetrate the international market,” he said. For Nur Azini Mohamed Kamal, 37, who developed an “Electrical Muscles Stimulations (EMS) Gim” expressed her gratitude to the government for reaching out to help young entrepreneurs who have the vision but have no capital. “With this grant, my studio in Bangsar will open at the end of this week,” he said.

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