Malaysia launches new social entrepreneurship development framework

The newly launched Social Entrepreneurship Action Framework 2030 provides a new national direction for the development of social entrepreneurship in Malaysia.

News | 29 April 2022
Malaysia launched the Social Entrepreneurship Action Framework 2030 (SEMy2030) in April 2022, to shape the direction for the development of social enterprises and social entrepreneurship in Malaysia.

© Jan Hjelmtveit
The framework, developed by the Entrepreneur Development and Cooperatives Ministry (KUSKOP) outlines strategies to support social enterprises’ growth and competitivity, by enhancing awareness, reach, and their capacity and competency through provision of training on adaptation of technology and digitalisation, access to finance and markets.

The framework builds on the Shared Prosperity Vision 2030, National Entrepreneurship Policy 2030, and 12th Malaysia Plan. KUSKOP plans to upgrade the framework for registration and accreditation for social enterprises to promote their growth.

Malaysia was one of the six countries of focus in the ILO project on Strengthening the Social and Solidarity Economy (SSE) in Asia, which enhanced the knowledge base, and supported policymakers to develop and/or strengthen policies and programmes on the SSE. The policy brief on Malaysia presents a mapping of the SSE landscape, policy challenges, and preliminary pathways for strengthening the SSE. The project is continuing with its second phase, with six additional countries of focus: Cambodia, Kyrgyzstan, Laos, Mongolia, Thailand, Vietnam.