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      7 April 2016  

SEDIA to hold 'Gerak IKS SDC 2016' roadshow

Kota Kinabalu (Thursday) - The Sabah Economic Development and Investment Authority (SEDIA) and Unit Peneraju Agenda Bumiputera (TERAJU) will be holding the first leg of the 'Gerak IKS SDC 2016' programme beginning on April 27. The four-day event, which is to be held at the Sabah Agro-Industrial Precinct (SAIP), Kimanis will be the start of a roadshow spanning across Sabah to promote initiatives that target the development of local Small and Medium Industries (SMIs) and Entrepreneurs (SMEs).


Open to the general public, the roadshow will be organised in partnership with local authorities, State and Federal agencies, chambers of commerce, and the offices of local members of parliament, providing for the dissemination and sharing of information regarding entrepreneurship development programmes that are made available through SEDIA, TERAJU and other participating agencies. These events will comprise of talks covering various industry opportunities and business assistance topics, as well as a mini exhibition to display the products of entrepreneurs and start-ups, including those developed under the SAIP business incubator programme.

Core to the Gerak IKS SDC 2016 roadshow will be the promotion of a Sabah SME/SMI development fund, which had been announced by the Prime Minister during the Budget Speech 2015. SEDIA and TERAJU had formalised collaboration for expediting the fund through an agreement signed in August 2015, and have begun implementing entrepreneurship development programmes for Bumiputera SMEs and start-ups.

The fund is divided into two major components: capacity building and business financing. Capacity building efforts are aimed at creating awareness on the business opportunities in Sabah especially under the SDC, and providing basic entrepreneurship training programmes throughout Sabah.

Business financing initiatives through the fund are divided into the Business Incubation Programme and Business Accelerator Programme. The incubation programme is designed to encourage the creation of new entrepreneurs especially in knowledge-intensive sectors; meant to create greater awareness of business opportunities as well as facilitate access to business support and shared services. The accelerator programme will mainly facilitate access to financing for existing Bumiputera SMEs seeking business expansion. - SDC Media

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