UMT distributes business start-up funds to student entrepreneurs

Tuesday, 21/03/2023

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Universiti Malaysia Terengganu (UMT) has introduced a business financial aid scheme for its students.

The initiative called the UMT Student Business Start-up Fund Aid Programme is an extension of the Fundamentals of Entrepreneurship course, which is one of the core courses UMT students are required to take.

UMT Deputy Vice Chancellor (Academic and International) Prof. Ts. Dr. Mohd Zamri Ibrahim said the university’s management has decided to offer the scheme to support the students’ interest and university’s aspiration.

“We received feedback from students that they are interested in starting a business but lack capital,” he said.

“So as an extension of the Fundamentals of entrepreneurship course, we have set aside some allocation and this is to be used as business capital and given to students who already have a business strategy or a potential product, and these students will be mentored by coaches who are entrepreneurship lecturers.

“The programme completes the UMT entrepreneurship ecosystem, where the students are not only exposed to the entrepreneurship theories but also given the opportunity to turn ideas into businesses and use e-commerce platforms to help them sell their products, in line with the current advancement of the IR4.0 technology.”

He added the initiative is considered the best approach for changing students’ perspectives, to motivate them to become job creators, in line with the MOHE Entrepreneurship Action Plan (2021-2025).

Meanwhile, one of the recipients of the business start-up fund, Siti Anis Sabrina Sukri, was excited to have been selected for the programme.

“I started to be involved in business a few years ago, selling various products,” she said. “Now I sell clothes such as baju kurung, kurta, blouses, suits, head scarves and other accessories.

“God willing, I will try to double my returns and expand my business with this fund.

“This aid means so much to students such as myself who wish to run a business to support our study, and it should be continued as an incentive for other students to venture into business and entrepreneurship.”

The second-year student from the Bachelor of Economics (Natural Resources) with Honours programme was among the 13 selected recipients of the business start-up fund totalling RM13,000.

Published by:

Corporate Communications Office

Universiti Malaysia Terengganu

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Hari Raya Korban? Tuesday, 21/08/2018 Share This Article...

UMT SEBAR KEPENTINGAN FUNGSI KULAT Monday, 20/08/2018 Share...

KONTINJEN UMT TEMPAT KETIGA SUKUM 2018 Sunday, 19/08/2018...

INOVASI UMT JADIKAN KELULUT EJEN PENDEBUNGAAN MELON MANIS...

UMT, UBH JALIN KERJASAMA SERANTAU BIDANG PERIKANAN DAN...

UMT Diiktiraf Pensijilan ISO 9001:2015 Thursday, 09/08/2018 Share...

PROFESIONAL BIDANG SAINS DAN TEKNOLOGI MAKANAN DAN AGROTEKNOLOGI...

UMT TINGKATKAN HASIL TUAIAN USAHAWANTANI MELALUI PRODUK BAJA...

UMT BUKUKAN WARISAN TASIK KENYIR Wednesday, 01/08/2018 Share...

KOLABORASI PELAYARAN SAINTIFIK UMT DAN STATE OCEANIC ADMINISTRATION,...

UMT Tuan Rumah Karnival STEM 2018 Wednesday, 25/07/2018...

Kuda Laut UMT Tambah Rezeki Komuniti Besut Tuesday,...

RHB Islamic Endowed Scholar In Finance di UMT...

UMT dan CCM Polymers Sdn Bhd Jalin Kolaborasi...

UMT dan BERKAT Celebrate Iftar with Students Saturday,...

Ramadan 1439H@UMT Monday, 21/05/2018 Share This Article :

UMT Embrace Silver Medal In Conjunction with Belt...

UMT won 3 awards in National Book Award...

UMT won Best Journal Article (Science, Technology &...

UMT comes first runner-up in MyAgrosis Cup 2018...

UMT seized 30 Golds from MPI 2018 Thursday,...

Successful KPTN 2018 UMT! Sunday, 25/03/2018 Share This...

UMT Vice-Chancellor Flaming Aspiration for 2018 Monday, 19/02/2018...

Setiu Wetland, Terengganu’s Hidden Gem Tuesday, 13/02/2018 Share...

“Floating Breakwater” bring benefit to Mengabang Telipot community...

2018; UMT keep Soaring Upwards! Monday, 01/01/2018 Share...

UMT Bolot Tiga Anugerah di SIIF 2017 Sunday,...

Program “V-CARE, V-CONCERN FREE MARKET FOR NEEDY” Sunday,...

9 Sekawan Pegawai UMT Terima Ijazah Sarjana Saturday,...

Mahasiswa UMT Sumbang Bakti Bersama Komuniti Kg. Pantai...

MyREN-X Inisiatif Kerajaan Perkasa Pendidikan Masa Hadapan Monday,...

PECIPTA 2017; Manifestasi Konsep Translasional Sunday, 08/10/2017 Share...

Majlis Anugerah Tahunan 2017 UMT Meriah! Sunday, 01/10/2017...

STUDIO AL-QURAN ULUL ALBAB; PERTAMA DI BUMI ULUL...

UMT & CTI-CFF Rungkai Potensi Terumbu Karang Buatan...

Selamat Datang Pelajar Baharu UMT Sesi 2017/2018 Wednesday,...

“NEGARAKU SEHATI SEJIWA” Diterjemah Warga UMT Melalui Hari...

KONVENSYEN PEMIMPIN MAHASISWA KEBANGSAAN 2017 ‘MAHASISWA KE ARAH...

Pameran Antarabangsa “Rahsia Ikan Lut sinar” Wednesday, 16/08/2017...

Sea Horse & Horseshoe Crab Translational Research Project;...

GLOBAL TOURISM CONFERENCE 2017 PEMANGKIN EKONOMI GLOBAL Thursday,...

SATREPS – COSMOS RESEARCH LABORATORY Tuesday, 11/07/2017 Share...

Syawal 1438H dirai meriah Sunday, 02/07/2017 Share This...

Ramadan Membawa Rahmat kepada Pelajar Baharu UMT Wednesday,...

Ramadan bulan penuh rahmat dan keampunan Wednesday, 31/05/2017...

Karnival WOW 2017 UMT Meriah di Teluk Ketapang...

Sambutan World Ocean Week 2017 Lebih Meriah Thursday,...

UMT wins big at National Book Award 2017...

UMT Giat Usaha Lindungi Hidupan Marin Thursday, 27/04/2017...

UMT leads the way winning 4 awards in...

‘Young Motivator Competition’ (U-Mac) helps Public Speaking skill...

Felicitaciones (Congratulation)! Thursday, 30/03/2017 Share This Article :...

UMT in LIMA ’17; Exuberant! Wednesday, 29/03/2017 Share...

EMAC UMT Anjur Balloon X Charity Run Kumpul...

Majlis Apresiasi Media 2017 tanda penghargaan UMT kepada...

UMT Fokus Penyelidikan Translational untuk Manfaat Komuniti, Negara...

UMT Lancar Program 2u2i Sarjana Muda Perakaunan dan...

Commonality and Collegiality unites UMT and UniSZA in...

UMT Sailing Team participate in the 15th Royal...

UMT & Celcom Axiata Berhad work hand-in-hand for...

UMT Vice-Chancellor Received Honorary Awards from Swansea University...

UMT appoints Prof Dr Nora aini as the...

UMT Giat Usaha Lindungi Hidupan Marin Tuesday, 02/05/2017...