"Growing MSMEs is Growing PNG!"
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Business Advisory & Capacity Building Programs
For MSME
Entrepreneurial capacity building program is one of SME Corporation’s main MSME development programs. Under its existing partnership with the UN International Labour Organisation (ILO), SME Corporation is the authorised exclusive user of the UN ILO enterprise development training modules to build the entrepreneurial capacity of Papua New Guineans. The four main ILO-based entrepreneurship development training programs are:
1. Start Your Business Training Program (SYB) (out of school program)
2. Improve Your Business Training Program (IYB) (for existing MSMEs)
3. Start Your Business Correspondence Courses (SYBCC) (flexible mode)
4. Know About Business in Fisheries (KAB) (in-school program)
5. Garment & Textile Training Programs
Since its partnership with ILO in 1996, SME Corporation has built an unparallel institutional capacity to carry out broad entrepreneurial capacity building program across the entire regions of PNG.
MSME Capacity Building with ILO Programs
Our Entrepreneurship Training Programs
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Client results
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Frequently Asked Questions
SME Corporation is a government Agency under the Ministry of Commerce and Industry and responsible for the MSME growth and development in Papua New Guinea (PNG) through various programs and projects.
There are two methods SME Entrepreneurship training is delivered.
- Flexible mode,
- Cluster groups;
- out of school to general MSMEs in an organized group.
- in school delivers to TVET and secondary schools.
To take part in the training provided by SME Corporation write to SME Corporation and express interest or enquire for more information.
The K200 million SME funds funded by government, K100 million was given to BSP and K80 million was given to NDB.
BSP services its existing SMEs whilst NDB disburse loans to both existing and start-ups. All MSMEs are encouraged to enquire at BSP and NDB for more information.
The difference between Business Name (BN) and Company is that Business Name is a Sole Proprietor (Individual). It is simple to start, less expensive and more suitable for micro businesses. A BN is selected when carrying on a business under a name, no legal entity is created and there is no limitation on liability.
The Company Name is selected upon incorporation and creates a special legal entity, distinct from its owners.
Business Registration is done at Investment Promotion Authority (IPA)
After IPA registration, then register TIN with Internal Revenue Commission (IRC)
