KUALA LUMPUR, Nov 21 — SME Corporation Malaysia (SME Corp) will introduce the Enterprise 50 (E50) Club which offers a wide range of benefits for small and medium-sized enterprises (SME) on business networking, business matching and capital access.
Its chief executive officer Noor Azmi Mat Said said 732 SME companies which had won the E50 award will be joining the club, to be launched soon.
“The club will help SMEs to create an ecosystem among them. They can build networks and reach out more as well as enhancing each other’s strength,” he told a press conference in conjunction with the E50 Award 2019 here, today.
The E50 Award gives recognition to 50 top-performing SMEs annually. Introduced in 1997, it has been acknowledged by industries as a prestigious award that symbolises achievements in the arena of business and entrepreneurship.
Noor Azmi assured that the E50 Club would adapt to changing member preferences in order to remain relevant.
The 50 top-performing SME companies will be presented with the E50 Award 2019 at a dinner tonight, in which Minister of Entrepreneur Development Datuk Seri Mohd Redzuan Md Yusof is expected to attend.
Noor Azmi and Deloitte Malaysia chief executive officer Yee Wing Peng this morning revealed who the winners were.
The recipients include Alypz Sdn Bhd, Asia Food and Beverages Sdn Bhd, EPE Switchgear (M) Sdn Bhd, Fusipim Sdn Bhd and Ideal Heatlhcare Sdn Bhd.
Five others are IForte Intelligence Sdn Bhd, Maxwell Pharma Sdn Bhd, Velson Packagings Sdn Bhd, Prof Muhaya Eye and Lasik Center Sdn Bhd, and My CO2 (KL) Sdn Bhd.
Noor Azmi said SME Corp received 100 applications this year, with 78 companies meeting the E50 Award criteria such as SME Competitiveness Rating for Enhancement (SCORE).
“They have undergone a rigorous assessment process based on various parameters which include management process, innovation and technology adoption,” he said.
Meanwhile, Yee said the theme of digitalisation was selected for the first time this year as an evaluation criterion that carries a bonus mark for the company which adopted the element.
“We see mixed progress in that part with the journey to IR4.0 as some SMEs had introduced robotics and artificial intelligence in their operation,” he said.
The theme was selected as it is in line with the government’s aspiration to encourage digitalisation among SMEs in order for them to remain relevant in the industry.
The winners will receive a trophy and certificate as well as access to Report Card and consultation with Deloitte on company strength and areas for improvement.