MaGIC Launches Two Programs to Boost Malaysia’s Entrepreneurship Development

Published by Samentha James @ 09/06/2017

MoU Exchange Ceremony between MaGIC and MaGIC CER Circle partners in Cyberjaya, officiated by Y.B Datuk Ahmad Bin Haji Maslan.

Malaysian Global Innovation & Creativity Centre (MaGIC) has officially launched two new programs, MaGIC CER Circle and MaGIC Activate, to boost corporate and private sector involvement in the nation’s entrepreneurship development. The launch, that took place this morning, was officiated by Y.B Datuk Ahmad Bin Haji Maslan, Deputy Minister of International Trade and Industry, at MaGIC’s main campus in Cyberjaya, Selangor. 

The Malaysian entrepreneurship ecosystem has been demonstrating steady growth over the past couple of years and these two new programs are put in place to further drive the national agenda as well as facilitate greater involvement from corporates and private sector in the next big lunge of developing the country’s entrepreneurship ecosystem and, simultaneously, motivating national innovation. 

The MaGIC CER Circle is a membership-based platform which will link corporates to startup companies and this will help them in their bid to capitalize on disruptive technologies. This platform will also aid in building a continuous innovation pipeline via partnerships and support the nation’s agenda of fostering inclusive economic growth. 

Chief Executive Officer of MaGIC, Ashran Dato’ Ghazi, said: “More than 22 partners have signed up so far, including AIA, CIMB, Allianz, UNICEF and MasterCard.”

Meanwhile, MaGIC Activate is an online innovation platform created to help the corporate sector in hosting innovation challenges along with pilot contracts and potential investments to expand their reach to more startups as well as entrepreneurs. 

“MaGIC Activate will help corporations run innovation challenges by reaching out to more than 3,000 startups, SMEs and entrepreneurs in Malaysia and globally, enabled by our community partners such as TechStars, 500 Startups, and local industry associations and communities,” said Ashran.

The event’s Fireside Chat: Top Corporate Innovation Trends saw Hasnul Nadzrin Shah, Director Government and Regulatory Affairs of IBM Malaysia, Jasmine Begum, Microsoft Malaysia’s Director of Legal, Government and Corporate Affairs, and Sean Goh of Grab Malaysia Country Head, taking the stage to discuss the top corporate innovation trends and ways they have redefined the industry.

Moderated by Afiq Johar of MaGIC, the panel stressed on the importance of harnessing big data efficiently for the betterment of businesses and urged collaborations between corporate sectors, startups and the government for the purpose of innovation. 

The event also saw Mohan Belani, e27 Co-founder, Oko Daarasuren, Techstars’ Regional Director, and Amarit Charoenphan, Hubba Group CEO / Co-founder and Techsauce Co-founder, discussing on the benefits of collaboration between these sectors and success stories of partnerships within the industry in the Panel Discussion: Successful models of Corporate – Startup Innovation in SE Asia, moderated by Deborah Melissa Bottreau of Malaysian Association of ASEAN Young Entrepreneurs (MAAYE).

The speakers divulged that it is essential for startups to be willing to evolve in the current industry while corporate sectors should be open to disrupting their system in order to stay relevant and for further growth. 

The closing speech was delivered by Tan Sri Dr Mohd Irwan Serigar Abdullah, MaGIC Chairman, who declared his full support for corporate and startup collaborations for maximizing entrepreneurship development in the country.

MaGIC CEO, Ashran Dato’ Ghazi, launching the new programs with Y.B Datuk Ahmad Bin Haji Maslan

Closing speech by Tan Sri Dr Mohd Irwan Serigar Abdullah, MaGIC Chairman.