PENANG: The Entrepreneur Development Ministry and public institutions of higher learning (Ipta) will streamline their implementation machinery to encourage large-scale participation of graduates in various entrepreneurship development programmes.
Its deputy minister Datuk Mohd Khalid Mohd Yunus said this was necessary to ensure that university students and graduates understood the programmes conducted for them.
If the objective and scope of these programmes are well understood by the parties concerned, the programmes will be considered a success, he told reporters after opening a three-day Ipta Entrepreneur Seminar in Tanjung Bungah hosted by Universiti Kebangsaan Malaysia, yesterday.
Mohd Khalid said although the Government had allocated an RM31.5mil fund to get local graduates interested in entrepreneurship development, only 175 of the 4,000 graduates who attended the programmes had succeeded in establishing their own businesses.
Of the total fund available, only RM14.5mil had been used to date.
That is why there is a need to streamline the programmes that are currently being carried out to enable university students and graduates obtain the necessary exposure, he said.
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