ENTREPRENEURSHIP IN MALAYSIAN HIGHER EDUCATION : POLICY, CHALLENGES AND WAY FORWARD SYAHIRA HAMIDON Ministry of Education, Malaysia [email protected].

ENTREPRENEURSHIP IN MALAYSIAN HIGHER EDUCATION : POLICY, CHALLENGES AND WAY FORWARD

SYAHIRA HAMIDONMinistry of Education, [email protected]

High Income Targets US$15k-20k per Capita by 2020

Where Malaysia Wants To Be?

Quality Life

Market Led

Well-Governe

d

Regionally

Integrated

InnovativeEntreprene

urial

Characterics of Malaysia’s Economy in 2020

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

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)

Entrepreneurship in Education

Launch : 13 April 2010To promote and strengthen

entrepreneurship development in a more organized and holistic manner among local

institutions of Higher Learning (IHL) 3 MAIN

OBJECTIVES

ENTREPRENEURSHIP DEVELOPMENT POLICY FOR INSTITUTIONS OF

HIGHER LEARNING

Produce graduates with entrepreneurial

mindset and capabilities

Increase the number of Graduate

Entrepreneurs

Nurture entrepreneurial Academics and

Researchers

Launch : 21 April 2013

To strengthen the implementation

of EE in Malaysian Higher

Education

To ensure the success of

Entrepreneurship Development Policy for IHLs

OBJECTIVES

STRATEGIC PLAN ON ENTREPRENEURSHIP DEVELOPMENT IN HIGHER EDUCATION

MAIN INITIATIVES

Entrepreneurship Inculturation

Programme

Structured Entrepreneuria

l 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 entrepreneu

rship program and

activities

Enhance student’s

readiness to venture into entrepreneu

rship as a career option

Positive Outcomes of The Policy

Issues & Challenges

Competency of

academics

Lack of strategic

collaboration between

academia-industry

Inhibitive policies &

regulations

Lack of concise guides

for teaching and embedding of

entrepreneurship across

curriculum

Entrepreneurship has yet to be considered as

career of choice

Slow adoption and diffusion of EE in some

IHLs

HARNESSING ENTREPRENEU

RIAL GRADUATES

Happy citizensSelf employed

Employed Business Entreprene

urs

KEY STRATEGY KEY PERFORMANCE INDICATORS

Increase graduate

employability

Increase number of graduate entrepren

eurs

KEY OBJECTIVES Enhancing entrepreneurial personal

capacity of graduates Making entrepreneurship central to

the way education operates

Social Entreprene

urs

Way Forward

Generic Student

Attributes

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

THANK YOU

TERIMA KASIH

DIOLCH