What is the success rate of TUBE programme entrepreneurs?

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The TUBE Programme Has Achieved a 98% Entrepreneurial Success Rate Among Participants

Since its inception in 2014, the Tunas Usahawan Belia Bumiputera (TUBE) programme has successfully established 6,633 entrepreneurs out of 6,782 trained youths, achieving an impressive 98% success rate based on registered businesses. This initiative by SME Corporation Malaysia focuses on empowering Bumiputera youth to venture into business, with a significant portion of participants hailing from the food and beverage sector.
High Conversion to Registered Businesses

The TUBE programme demonstrates a strong track record in converting trained individuals into established business owners. Of the 6,782 youths who have undergone training since 2014, an overwhelming majority, specifically 6,633, have successfully registered their businesses, underscoring the programme's effectiveness in fostering entrepreneurship.
Focus on Economic Sector Development

While the food and beverage industry has been a primary focus for TUBE participants, SME Corporation Malaysia is also strategically expanding its support to the agro-food sector. This move is intended to further bolster food security and strengthen the overall food supply chain within the country.
Financial Support and Job Creation

The programme has disbursed a total of RM43.23 million in business grants to successful participants, with individual grants ranging from RM10,000 to RM15,000. Beyond creating entrepreneurs, the TUBE initiative has also been instrumental in generating employment opportunities, having created 12,242 jobs to date.
Sales Value Growth and Future Outlook

As of June 2022, the TUBE programme had recorded a cumulative sales value of RM140.6 million. SME Corporation Malaysia is optimistic about further growth, aiming for a cumulative sales value increase of over 10 per cent to RM150 million by the end of the year. This target is driven by the expected positive impact of the reopening of economic sectors and international borders.

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What is the success rate of TUBE programme entrepreneurs?

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