P9.3
Set-up a ‘Military Fund for Entrepreneurship’ (MFE)
under the auspices of FMEC to serve as a Special Fund to
provide seed money, grants, start-up capital, and loans to
ABC, ABEs and other qualified military personnel and
organizations to facilitate their involvement in
commercial ventures
Prerequisites
The setting-up of FMEC
P9.4
Note: Candidate areas to begin with include: operating
local commercial radio stations, assembling of computers
and other ICT equipment and devices for the local and
regional market; provision of ranges of ICT services
targeted at the service sector and the cottage industry;
providing human resource development and training
services in ICT, management and other related areas etc
Ministry of Defense
and National
Security and FMEC
Plan-Action Linkages
Non
FMEC to develop on a pilot basis a number of ICTrelated businesses ventures to kick-start the setting up of
ABCs and ABEs in ICTs.
Ministry of Defense and National
Security in collaboration with
FMEC to set-up and launch the
‘Military
Fund
for
Entreprenuership’ (MFE) by late
2002
Prerequisites
Non
Plan-Action Linkages
Non
183
FMEC to target raising an initial
capital endowment of about US$5
million for the MFE by 2003
FMEC
The initial capital endowment of
MFE should be increased by 50%
by 2005
FMEC
FMEC to develop on a pilot basis
ICT-related business ventures to
kick-start the setting up of ABCs
and ABEs in ICTs by 2003
FMEC