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

Where Malaysia Wants To Be? 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 Quality Life Market Led Well-Governed Regionally Integrated Innovative Characterics of Malaysia’s Economy in 2020 Introductory notes. Entrepreneurial

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 Relative vocabulary list.

Emphasis on Education and Training A large sum of Malaysian budget has consistently been for education and training (about 21%) MINISTRY OF EDUCATION MALAYSIA (MOE) A list of procedures and steps, or a lecture slide with media. Accountable to provide the country with quality and competitive human capital

Entrepreneurship in Education ENTREPRENEURSHIP DEVELOPMENT POLICY FOR INSTITUTIONS OF HIGHER LEARNING Launch : 13 April 2010 To promote and strengthen entrepreneurship development in a more organized and holistic manner among local institutions of Higher Learning (IHL) 3 MAIN OBJECTIVES Produce graduates with entrepreneurial mindset and capabilities Increase the number of Graduate Entrepreneurs Nurture entrepreneurial Academics and Researchers STRATEGIC PLAN ON ENTREPRENEURSHIP DEVELOPMENT IN HIGHER EDUCATION Conclusion to course, lecture, et al. Launch : 21 April 2013 OBJECTIVES To strengthen the implementation of EE in Malaysian Higher Education To ensure the success of Entrepreneurship Development Policy for IHLs

Positive Outcomes of The Policy MAIN INITIATIVES 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 Example graph/chart.

Issues & Challenges Slow adoption and diffusion of EE in some IHLs Competency of academics Inhibitive policies & regulations Lack of concise guides for teaching and embedding of entrepreneurship across curriculum Lack of strategic collaboration between academia-industry Entrepreneurship has yet to be considered as career of choice Example graph/chart.

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

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

THANK YOU TERIMA KASIH DIOLCH