“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela

“The aim of university education should be to turn out true servants of the people who will live and die for the country’s freedom.” – Mahatma Gandhi

I RECEIVED a lot of feedback from friends on my article – Malaysians, whom do you love? – but the one that struck me most is from a Chinese friend who fantasises about having a University of Muhibbah to produce successful entrepreneurs.

Malay traders’ presence made a great impact on intra-Asian trade in Southeast Asia prior to European colonialism and imperialism and Chinese entrepreneurship needs no introduction.

Previously, it is said entrepreneurs are born, in the likes of Dhirubhai Ambani or Ratan Tata. Today, with the digital revolution, it is accepted that they are shaped through learning and developing certain skill sets, are innovative, and possess a sharp focus and burning desire to succeed. Entrepreneurship is more a skill that is acquired instead of an innate talent.

We have successful entrepreneurs who do not have proper or college education, but in this fast-moving world, attending college can be very helpful as it teaches soft skills like ownership, accountability and emotional maturity. 

Much has been said about University Teknologi Mara and Tunku Abdul Rahman University College on their ethnic composition.

Can we now build a university that specialises in entrepreneurship where it is funded by successful entrepreneurs of all races? It may not be cheap since the cost of Xiamen University Malaysia was estimated at RM1.3 billion. Rich Malaysians who really want to see a better Malaysia can also chip in. According to a 2021 report by Wealth Insight, there are more than 26,000 high-net-worth Malaysians or millionaires with a total net worth of RM522 billion. RM1.3 billion is only about 0.25%.

Therefore, it is achievable.

Besides producing entrepreneurs whom we dearly need, the objective is to unite our multiracial society and develop a sense of togetherness, kinship and oneness while at campus and thereafter. It will also do away with “Ali Baba” type businesses where a Malay fronts a Chinese business.

It should be nonsectarian (political or religious) and affordable or free for those who qualify, and should be run by a board of trustees. Stanford University is an example that is known for its great return on investment and entrepreneurial student body.

To save on costs, construction risks and time, we can buy a going-concern that is up for sale, if available and at the right price.

Entrepreneurs can assist by giving talks/guidance pro bono. Alumni of other universities can also provide assistance and help.

The government can help with providing yearly grants.

It is hoped, the products of the university will not be hardcore capitalists and would willingly share their success with others to produce more entrepreneurs.

“It is preoccupation with possession, more than anything else, that prevents men from living freely and nobly.” – Bertrand Russell

Malaysian Malaysia is a pipe dream. Let us steadily build the foundation for a Malaysia that truly belongs to all. There should be mass participation in capital ownership and not let certain sections of the populace feel disenfranchised and disenchanted.

What say you? – April 11, 2022.

* Saleh Mohammed reads The Malaysian Insight.

* This is the opinion of the writer or publication and does not necessarily represent the views of The Malaysian Insight. Article may be edited for brevity and clarity.