KOTA KINABALU, Nov 26 (Bernama) — Perbadanan Nasional Berhad (Pernas) has channelled funding of RM12.6 million to 72 Sabah enterprises, encompassing 33 franchise and pre-franchise manufacturers from 2010 till now.
Entrepreneur and Cooperative Growth Minister Datuk Ewon Benedick stated Pernas, which is an company underneath his ministry, can be focusing on RM4.2 million in potential funding for Sabah this 12 months.
He stated the constructive growth must be a catalyst for all entrepreneurs in Sabah to enterprise into the franchise enterprise, with the event of varied native manufacturers within the state additionally proving that they’re able to compete with different worldwide franchise manufacturers.
Due to this fact, Ewon stated he desires extra Sabahan entrepreneurs, together with youth, to take full benefit of the franchise and pre-franchise financing of RM50 million offered by Pernas subsequent 12 months to enterprise into the franchise enterprise and additional increase the potential of their respective product manufacturers.
“I’m very assured that many manufacturers in Sabah have opened branches both by means of subsidiaries or different entrepreneurs to promote merchandise or cafes in a number of districts with out being registered within the franchise business.
“I encourage them to come back ahead to the ministry and Pernas as a result of licensing or registering as a franchise model will open up extra alternatives together with entry to financing,” he instructed reporters after officiating the Sabah BizFrancais programme right here immediately.
The one-day programme organised by Pernas was attended by about 250 Sabah entrepreneurs, and aimed to offer the most recent details about enterprise and the franchise business in addition to the providers supplied by the company.
It additionally supplies a chance for exhibitors from franchisors, pre-franchisees and Enterprise In Transformation pre-franchisers to advertise their enterprise fashions and types.
Ewon stated the group of such a programme is seen as one of many contributing elements to the rise within the participation of Sabah entrepreneurs within the franchise enterprise as a result of they see the prospect of the business being simpler in efforts to broaden the model available in the market.
In accordance with him, Pernas as a complete has additionally channelled RM509 million in franchise financing to 2,200 franchise and pre-franchise entrepreneurs, whereas because the BizFrancais Program was launched in 2019, the company has authorized RM14.94 million in financing.
In the meantime, Pernas chairman Datuk Hazimah Zainuddin in her speech stated the BizFrancais Program was applied in six states particularly Penang, Perak, Pahang, Johor, Sarawak, and Sabah which focused potential financing value RM26.67 million.
Final 12 months, Pernas organised an analogous programme in 5 states involving Kedah, Penang, Melaka, Terengganu, and Sarawak which noticed the company approve funding of RM9.6 million, she stated.
“Pernas is now intensifying efforts to supply extra franchise entrepreneurs by means of the Be Your Personal Boss challenge and can introduce a number of new franchise entrepreneurship applications subsequent 12 months resembling programmes for retirees and veterans in addition to social enterprises to accentuate efforts to drive the franchise business,” she stated.
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