Najib says the money aims to strengthen Bumiputera entrepreneurs and their economic agenda.
PUTRAJAYA – January 13, 2015: Prime Minister Datuk Seri Najib Razak today announced a RM78-million allocation from the Bumiputera Economic Council (MEB) to strengthen Bumiputera entrepreneurs and their economic agenda.
Of the total, RM50 million will go to Yayasan Waqaf Malaysia to spur its economic enhancement programmes and to cultivate waqaf culture for four years beginning this year.
Another RM13 million worth of grants will be invested in the 26 Bumiputera Start Up Entrepreneur Scheme (Superb) winners.
Najib said after attending the MEB meeting here that Superb was launched to assist start-up companies and young Bumiputera entrepreneurs to bring their creative business ideas to the next level.
“A total of RM100 million has been allocated for this initiative which is expected to produce up to 300 new Bumiputera entrepreneurs in three year’s time,” he added.
Last year, 28 winners out of 4,000 entries were selected to receive a RM14 million grant.
Najib also said that the Bumiputera Agenda Steering Unit (Teraju) will channel RM15 million to Sabah’s MEB special committee to kick-start its capacity development programmes and entrepreneurship financing.