KUCHING: A proposed Seniorpreneurship programme may soon give retirees in Sarawak a second chance at building businesses—this time through proven franchise systems that leverage their life experience, savings and networks.
Deputy Minister for Youth, Sports and Entrepreneur Development Datuk Dr Ripin Lamat said the initiative, aimed at those aged 60 and above, is being discussed with Institut Keusahawanan Negara (INSKEN), with potential to include retirees as young as 55.
“Many retirees have savings, pensions, strong professional circles and deep industry know-how—but what they often lack is business exposure,” he said. “A structured franchise model offers them a practical and lower-risk entry point into entrepreneurship.”
Ripin added that with support from the Entrepreneur Development and Cooperatives Ministry (KUSKOP) or a dedicated initiative under Perbadanan Nasional Berhad (Pernas), franchises could become more accessible to seniors transitioning out of the workforce.
He was speaking during the launch of BizFrancais Sarawak 2025 at the Hikmah Exchange Exhibition Centre yesterday.
To illustrate the potential of late-career success, Ripin cited the story of Colonel Sanders, who founded KFC at 65 after being rejected numerous times.
“It’s never too late to succeed. The important thing is to take that first step, no matter your age,” he said.
Ripin also noted the strong potential for franchise expansion in Sarawak’s rural and semi-urban areas, where market competition is low but demand remains high. He pointed to SugarBun, a Sarawak-born brand, as an example of how rural presence can translate into strong sales and brand loyalty.
“In places with little or no market competition, franchisees can thrive. That proves rural areas are viable for business too,” he said.
He expressed hope that BizFrancais programmes could be expanded to Miri, Sibu, Bintulu, and other districts, so that more aspiring entrepreneurs across the state can benefit.
