Celebrating the Success of GrowBiz 2024/2025 Graduates

A total of 160 micro and small entrepreneurs have successfully completed the GrowBiz 2024/2025 Programme, an initiative aimed at enhancing business capabilities and competitiveness. The GrowBiz Graduation Ceremony was held at the Hotel Wyndham Grand Bangsar, Kuala Lumpur, and officiated by Chief Secretary of the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), Dato’ Sri Khairul Dzaimee Bin Daud, representing Minister Datuk Ewon Benedick.  

Empowering Entrepreneurs for Sustainable Growth  

GrowBiz, implemented under the Micro Entrepreneur Business Development Programme (BizME) by SME Corp Malaysia, provides comprehensive support to entrepreneurs in transitioning their businesses from micro to small-scale enterprises. Since its launch in 2021/2022, this marks the third successful cohort under the programme, demonstrating its effectiveness in driving entrepreneurial growth.  

Dato’ Sri Khairul highlighted that the GrowBiz 2024/2025 participants play a crucial role in scaling up micro, small, and medium enterprises (MSMEs) in Malaysia. He reiterated KUSKOP’s goal to increase the number of medium-sized enterprises from the current 1.8% to 5%, with an ambitious revised target of 10% set during a meeting chaired by Deputy Prime Minister Dato’ Seri Dr. Ahmad Zahid Hamidi.  

In an exciting announcement, he also revealed that top-performing participants from this year’s programme would receive their certificates from Prime Minister Dato’ Seri Anwar Ibrahim at a special event in Tawau, Sabah, in May 2025.  

Significant Impact on Business Growth  

The effectiveness of GrowBiz is evident in the remarkable achievements of its participants. SME Corp Malaysia’s Chief Executive Officer, Rizal Dato’ Nainy, shared key insights into the programme’s impact:  

• 94% of participants reported increased sales, with some experiencing growth of up to 291%.  

• 63% successfully transitioned their businesses from micro to small enterprises.  

• 65% expanded their workforce, creating 281 new job opportunities.  

• Several entrepreneurs successfully expanded into international markets, exporting their products to the United Kingdom, Switzerland, Brunei, Dubai, China, Bangladesh, Vietnam, Ireland, Qatar, Thailand, and Singapore.  

These achievements underscore GrowBiz’s role in fostering entrepreneurship, driving economic growth, and enhancing Malaysia’s global business footprint.  

Personalized Support for Entrepreneurial Success  

GrowBiz’s unique approach to business development includes tailored guidance through training, coaching, and ongoing monitoring. This hand-holding approach ensures that micro businesses receive the necessary mentorship and expertise to scale their operations effectively.  

The programme is executed by two key implementation partners:  

• AverNoble Sdn. Bhd. – Managing participants from Peninsular Malaysia.  

• Celebrate TV Sdn. Bhd. – Overseeing participants from Sabah and Sarawak.  

Additionally, strategic support is provided by Malaysian Industrial Development Finance Berhad (MIDF) and Perbadanan Pembangunan Pertanian Negeri Perak (Perak SADC), reinforcing the programme’s impact and reach.  

A Commitment to Entrepreneurial Excellence  

As a proud implementation partner, AverNoble Sdn. Bhd. remains dedicated to nurturing Malaysia’s entrepreneurial ecosystem. Through GrowBiz, we continue to empower business owners with the skills, knowledge, and resources needed to achieve sustainable growth and long-term success.  

We congratulate all the graduates of GrowBiz 2024/2025 and look forward to witnessing their continued achievements in the business world.  

For more updates on our initiatives and success stories, stay connected with AverNoble.