Thursday, October 6, 2011

MODULE 6: BUSINESS REGULATIONS AND SUPPORT SYSTEMS #3

Financial Assistance For Entrepreneurs


Why financing is needed by entrepreneurs?

  • As start-up funds for new ventures
  • To sustain existing business, in terms of stability and maintenance
  • To develop business expansion, towards a greater potential
Purpose Of Financing
  • To increase and strengthen workforce skills
  • Entrepreneurial development
  • Marketing and promotion
  • Product development and quality accreditation
  • Development of technology
  • Debt restructuring
  • General purposes
Types Of Financing
Financial Providers In Malaysia (Government)
  • Ministry Of Entrepreneurial & Cooperative Development (MECD)
  • Ministry Of Science, Technology & Innovation (MOSTI)



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