Entrepreneurship Education in
Southeast Asia HEIs:
Malaysia, Singapore,
Thailand and Vietnam
By
Assumption University (Thailand)
NCGE Southeast Asian Partner
Presentation Overview
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Introduction
Country-wide Initiatives
HIEs Entrepreneurship Initiatives
Highlights of ‘Good Practice’ HIEs
Future Challenges
Country-wide Initiatives for
Entrepreneurship
MALAYSIA
• New Economic Policy (NEC) (1970)
• Ministry of Entrepreneur
Development (1995)
• Bumiputera Commercial and
Industrial Community (BCIC) (2001)
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THAILAND
• SME Bank
• National Innovation Agency (NIA)
• Thailand Commission for Higher
Education (CHE)
• Thailand Research Fund (TRF)
Note: These are not exhaustive lists of country initiatives.
SINGAPORE
Economic Development Board
SPRING (Standards, Productivity
and Innovation for Growth)
ERC (Entrepreneur’s Resource
Centre)
ACE (Action Community for
Entrepreneurs)
Entrepreneurial Talent
Development Fund
Vietnam
• “Doi Moi” (Renovation Policy)
• Green Summer Campaign
Program
Southeast Countries and Sample HIEs
Country
HIEs
Malaysia
Limkokwing University
Universiti Teknologi Mara (UiTM)
Universiti Tenaga Nasional (UNITEN)
University Tun Abdul Razak (UNITAR)
Singapore
Singapore Management University (SMU)
Temasek Polytechnic (TP)
Thailand
Assumption University (AU)
Bangkok University (BU)
Khon Kaen University (KKU)
Mahasarakham Univeristy (MSU)
Mahidol University (MU)
Naresuan Universtiy (NU)
Thammasat University (TU)
Vietnam
Binh Duong University (BDU)
Hong Bong University (HBU)
Vietnam National University (VNU)
Malaysia: Common and Unique HEI Entrepreneur
Development Features
University
Common Features
Unique Features
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Limkokwing University
College of Creative
Technology (Private)
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Universiti Teknologi Mara
(UiTM-State)
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Top-down strategy
Entrepreneurship
Curriculum
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Universiti Tenaga Nasional
(UNITEN-Private)
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Universiti Tun Abdul Razak
(UNITAR-Private)
International Entrepreneurship Educators Conference September 2006
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Recognized as Malaysia’s ‘PR Agency’
Inspirational faculty, environment/infrastructure
Problem-finding, problem-solving embedded in
courses
Interdisciplinary projects
Industry-within-University Campus
B.B. (Hons) in Entrepreneurship
Recognized as on of Malaysia’s key Center for
Entrepreneurship training and education
Malaysia Entrepreneur Development Centre (MEDEC)
Ph.D. in Entrepreneurship (2006)
Journal of International Business and Entrepreneurship
(12th year in print)
Fundamentals of Entrepreneurship, (2004) (Authored by
the UiTM Entrepreneurship Study Group)
Campus Event Kiosks
SIFE UiTM Entrepreneur Club
Shadowing in Entrepreneurship Field Studies I and II
course
Campus Event Kiosks
SIFE UNITEN Entrepreneur Club
Malaysia’s first ‘virtual’ university
Entrepreneur Development curriculum offered through
the Faculty of Humanities and Social Sciences
Malaysia
Singapore: Common and Unique HEI Entrepreneur
Development Features
University
Common Features
Unique Features
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Singapore Management
University (SMU)
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Entrepreneurship courses
Engagement in
Competitions
Temasek Polytechnic
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International Entrepreneurship Educators Conference September 2006
Home to Singapore’s designated national expert of
Entrepreneurship (Assoc. Prof. Tan Wee Liang)
Diversity of entrepreneur development courses (e.g.
social entrepreneurship)
UOB-SME Entrepreneurship Alliance Centre
Entrepreneurship Working Paper Series
Diploma in Entrepreneurship
Entrepreneurship Centre
Interdisciplinary projects
Campus Karts and Shops
Singapore
Thailand: Common and Unique HEI Entrepreneur
Development Features
State University
Common Features
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Khon Kaen University
(KKU)
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Mahasarakham University
(MSU)
Mahidol University (MU)
Naresuan University (NU)
Unique Features
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Top-down strategy
Business curriculum
University Business
Incubators
Provide Training and
Seminars
Commercialization of
scientific research
projects
Thammasat University (TU)
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International Entrepreneurship Educators Conference September 2006
Provision of seed funding
Venture creations focus on computer and software
innovations
Venture creations focus on communication arts and
fine arts innovations
Venture creations focus on pharmaceutical
innovations
Venture creations focus on pharmaceutical and
cosmetic innovations
Venture creations focus on service businesses
B.B.A. in HR and Organization Management with
concentration in New Venture and Entrepreneurship
Business Plan Competition
Thailand
Thailand: Common and Unique HEI Entrepreneur
Development Features
Private University
Common Features
Unique Features
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Assumption University
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Business curriculum
‘Dummy’ trading firm
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Bangkok University
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International Entrepreneurship Educators Conference September 2006
Entrepreneurship course requirement for all business
students
Innovation, Creativity and Enterprise Centre (ICE)
Thailand’s first undergraduate program in
Entrepreneurship
Master in SME
Thailand
Vietnam: Common and Unique HEI Entrepreneur
Development Features
University
Common Features
Binh Duong University
(BDU) – (Private)
Hong Bang University
(HBU) – (Private)
Unique Features
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CMS on-campus computer company (assembling and
marketing)
Business Curriculum
Green Summer
Campaign Projects
Vietnam National
University (VNU) (State –
International Program)
International Entrepreneurship Educators Conference September 2006
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First State university international program
Greater encouragement of nontraditional Green
Summer Projects
Vietnam
Summary of ‘Good’ Practices
Outcome Category
Entrepreneurial behaviors, attitudes
and skills developed
Empathy with the life-world
entrepreneur
Key entrepreneurial values inculcated
Motivated toward an entrepreneurial
career
Understanding the processes of
venture creation
Higher Education Institution
University Teknologi Mara (UiTM)
Mahasarakham University (MSU)
Naresuan University (NU)
University Tenaga Nasional (UNITEN)
Limkokwing University
Universiti Tun Abdul Razak (UNITAR)
Temasek Polytechnic (TP)
Mahidol University (MU)
Bangkok University International College (BUIC)
Thammasat University (TU)
Generic entrepreneurship
competencies developed
Khon Kaen University (KKU)
Key minimum business how-to’s
Assumption University (AU)
Binh Duong University (BDU)
Hong Bang University (HBU)
Vietnam National University (IU-VNU)
Effective management of stakeholder
relationships
Singapore Management University (SMU)
International Entrepreneurship Educators Conference September 2006
Mapping of HEIs in Southeast Asia
Full
TU
Facilitating
Opportunities
For Actual
Entrepreneurial
Practice
Temasek
SMU
Limkokwing
University
UiTM
MSU
NU
KU
MU
UNITEN
UNITAR
BDU
VNU
BU
AU
HBU
Limited
Institution-wide Entrepreneurship
Embeddedness
International Entrepreneurship Educators Conference September 2006
Wide
Future Challenges
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Legitimizing entrepreneurship as an
academic discipline
Qualifying faculty
Systematically measuring
entrepreneurship initiative outcomes