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As an entrepreneur, I know how important mentorship can be, Endeavor can provide valuable support to Malaysia’s next generation of high impact entrepreneurs.
With a population of 27 million, one of the smallest in the region, Malaysian entrepreneurs with significant growth potential must look outside their home country for growth opportunities.
Recent trends show signs of optimism from entrepreneurs. Malaysia’s rate of early-stage entrepreneurial activity, while still one of the lowest among efficiency-driven economies, has grown from 4 to 7% (2009-2012). According to the Global Entrepreneurship Monitor, the fear of failure rate has fallen from 65% to 36% in the same time period. Under the ‘New Economic Model’ (NEM) for Malaysia, the Prime Minister has made entrepreneurship the key driver of the economy for the next 10 years with special emphasis on innovation and the entrepreneurial drive of its citizens.