Towards a Knowledge Based Society: A Case Study on Entrepreneurship in Malaysia

This paper as a whole will discuss the entrepreneurship development in Malaysia. The 21 century promises a world of challenges and opportunities to all the nations in the world. Malaysia has launched the Multimedia Super Corridor (MSC) to spearhead Malaysia’s challenges in the new millennium. In line with Malaysia’s objective to produce world class Information Technology (IT) –savvy-working forces, a University was born in center of Cyberjaya called Multimedia University (MMU). MMU is playing a pivotal role in the national entrepreneurship development in Malaysia, similar to that of Massachusetts Institute of Technology (MIT) and Stanford University in United States. In Malaysia, various business plans are held throughout the year providing university students a platform to demonstrate their entrepreneur skills. Besides that, many venture capitals sources are available in Malaysia for potential technopreneurs to seek funding and advise. Successful Malaysian entrepreneurs such as Mark Chang (CEO of Jobstreet.com) and Tony Fernandes (CEO of AirAsia ) can be the inspiration for many Malaysia’s aspirants.