The Small and Medium Enterprises Association Malaysia has urged the government to focus on developing small and medium-sized enterprises into unicorns and quasi-unicorns.
“We have seen many examples of facilitation provided to the start-up ecosystem, only to see these efforts benefitting regional neighbours as they get sold to larger players. He proposed that the government ensure export-ready SMEs are better facilitated through focused market linkage, branding and packaging design.
“Established SMEs are not only less risky investments but also have a stronger footing in global supply chains, compared to start-ups with unknown future affiliations,” he said.
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