Bizfrancais Terengganu: Lays Foundation For SMEs To Develop Towards Franchising, With A Potential Funding Target Of RM4 Million

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Perbadanan Nasional Berhad (Pernas) which is an investment holding company owned by the Minister of Finance (Inc.) with the mandate and responsibility to lead the development of the national franchise industry continues with its initiatives to empower entrepreneurs in the East Coast Region through the BizFrancais Terengganu Program 2022 with a potential funding target of RM4 Million.

The program, which took place at the Yayasan Pembangunan Usahawan, Terengganu is in its third leg of the BizFrancais tour series in 2022 after Penang and Melaka and will continue in Perak and Sarawak in November and December this year. Since its introduction in 2019, Pernas has organised a series of 13 such programs in Penang, Kuala Lumpur, Kelantan, Langkawi, Johor, Sabah and Sarawak.

Pernas Acting Chief Executive Officer Mazlan Ibrahim said the two programs in Penang and Melaka, resulted in Pernas receiving a total potential funding application of RM18.7 million.

According to him, it is an effort to promote the franchise business as a whole with cooperation between Pernas, the State Government, Entrepreneurs’ Associations including NGOs, Government agencies and local authorities (PBT) in each targeted state.

“I hope that the participants will benefit from BizFrancais where Pernas is confident that the program — which covers every aspect of business from financing to business registration procedures — will be able to answer all questions and doubts of the participants regarding the franchise business,” he added.

Pernas had invited 11 exhibitors consisting of six (6) franchisors Marrybrown, Gpharmax, Dapur Mama, Akie Burger, Smart Reader and NorraRich, two para-franchisors Kunyek 2 and 1901, three (3) entrepreneurs Business In Transformation (BIT) Mekeria, Rollie Café and Suri who exhibited their business models and promoted their businesses to the participants through a “business pitching” session.

BizFrancais Terengganu 2022 has successfully attracted the interest of more than 100 participants and the one-day program includes a briefing from Pernas, a success story forum with established entrepreneurs, with business pitching and business clinic sessions.

Also present at the opening ceremony was Terengganu Entrepreneur Development Foundation Chief Executive Officer Mohd Rashdan Muda and Ministry of Entrepreneur and Cooperative Development (KUSKOP) Deputy Secretary of the Franchise Development Section, Franchise and Vendor Development Division Najdiah Binti Ismail.

Pernas is an investment holding company established on 29 November 1969 owned by the Minister of Finance Incorporated (MOF Inc.) with a mandate to lead the development of the franchise industry in Malaysia. It’s placed under the supervision of the Ministry of Entrepreneurship and Cooperative Development (KUSKOP).

Since 2004, Pernas offers the following:

1. Franchise Financing Scheme for businesses and franchise entrepreneurs that includes all franchise business requirements including capital expenditure and working capital requirements;

2. Equity Financing to help increase Bumiputera equity ownership in the strategic franchise sector; and

3. Advisory services include support for the development of bumiputra entrepreneurs and franchise businesses to increase competitiveness in the business environment.

Pernas provides training services and special schemes for franchisors and franchisees and welcomes fellow franchisees into Malaysia. In addition, Pernas also offers other services such as training, retail space rental, real estate investment & financing (related to franchises) and equity investment.

Headquartered in Bangsar South, Pernas also has five corridor offices namely the North Corridor Office, the East Coast Corridor Office, the South Corridor Office, the Sabah Corridor Office and the Sarawak Corridor Office which are ready to play their role in developing more franchisors and franchisees.

This Pernas initiative also aims to generate economic growth by creating more job opportunities and entrepreneurship especially in the field of franchising, especially in the State of Terengganu through the BizFrancais Terengganu 2022 program.

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