Ministry of Youth and Sports Funding

Thanks to Mr Ho, who informed me of this funding.

The ministry of youth and sports is providing funding for youths to be entrepreneurs but the amount is miniscule!  They are providing RM3,000 with the following conditions.

1. Malaysian citizen
2. Between the age of 18 and 40 years old
3. Youth association members will be given preference
4. Full time venture, part time basis does not qualify
5. Must have prior experience in the chosen field to venture

Initially, I couldn’t really think of how someone who has experience or track record in the specific field would need RM3,000.  After giving it some thought, someone who may want to start a local delivery service may need the extra RM3,000 as working capital for his motorcycle, or someone who wants to start a small burger stall may need additional RM3,000 for the stall and inventory or a part-time photographer, who may need some working capital to rent studios and go full-time or even a software developer who just needs the RM3,000 to jump start his/her own iPhone applications!

How about a multi-fulfillment business?

Well, we all know that 2009 is a year that will see quite a few hardships and those graduating this year will have to be more innovative in getting jobs.

However, there are many other opportunities than merely seeking employment.  For a start, many are encouraged to be entrepreneurs, there is a sudden interest in retaining students to pursue postgraduate studies to boost University rankings and of course, they can also opt for direct selling.

There is this other in-between option of being an employee and an entrepreneur, some may call it franchising programs or even consider direct selling agents to be in this category.  A company by the name of DropZone is offering Malaysians to be “your own boss”.

Basically you apply to be a dropzone partner to operate their services and since they are new, they would require you to help them out.  You will not be employed by them, but you will be provided with financing facilities (if you qualify), training and a few other things that are normally associated with being an employee.

If you are interested to know more, it would be best to email them at mentee@dropzone.com.my for exact details of the program.