MaGIC was first announced in October 2013 by the most honourable Prime Minister YAB Dato’ Sri Mohd Najib Bin Tun Abdul Razak during the 4th Global Entrepreneurship Summit held in Kuala Lumpur. Cyberjaya plays home to the Centre as it is progressively becoming the preferred location for the technology-driven startup community.
On April 27th 2014, MaGIC was launched by President Barack Obama and Prime Minister YAB Dato’ Sri Mohd Najib Tun Abdul Razak with 7000 aspiring entrepreneurs in attendance. As part of the launch, MaGIC signed memorandum of understandings with Stanford University and UP Global to further foster and develop a vibrant startup ecosystem in Malaysia and beyond.
Entrepreneurs play an important role in driving Malaysia towards a fully developed nation status by 2020. Through their innovation, creativity and inherent willingness to embrace risk, entrepreneurs contribute to our country’s growth and the goal to achieve a high income nation. In order to foster sustainable economic growth and social impact, job creators and innovators play an important role in impacting their communities and inspire people to take the path less traveled.
Malaysia has produced many successful entrepreneurs and we applaud their tenacity, passion and drive. As with anything to be sustainable, we need to continue investing in quality education and instil awareness to cultivate the entrepreneurial DNA of the future generations.
With the establishment of MaGIC, we hope nurture a vibrant entrepreneurial hub in the region and create an ecosystem that is collaborative and provide the necessary support to the development of entrepreneurs.
To all entrepreneurs both current or aspiring – push forward, take that risk, follow your dream, and create your own opportunities to success. I welcome you to make the most of what MaGIC has to offer, and together we can create an enriching ecosystem that will help drive Malaysia forward.
In recent years, the Government of Malaysia has been taking proactive steps to build a strong infrastructure for the Malaysian entrepreneurship scene. Creativity and innovation for entrepreneurs needs to be strengthened to ensure that they are able to capture the competitive market out there. In addition, the development of a strong and sustainable entrepreneurship ecosystem is a key economic driver for the nation to remain competitive in the global landscape.
MaGIC was launched on the 27th of April 2014 by President Barack Obama and Prime Minister YAB Dato’ Sri Mohd Najib Tun Abdul Razak. Since the birth of MaGIC, we have seen a significant number of entrepreneurs benefiting from the programs and initiatives offered in MaGIC. We will continue to engage and work together with the ecosystem players and entrepreneurship community and further expand our reach to support more entrepreneurs.
I look forward to continue giving back to this ecosystem through the work we do here in MaGIC and thank the Ministry of Finance and the Prime Minister for the opportunity to do so.
Malaysian Global Innovation & Creativity Centre,
Block 3730, Persiaran APEC,
63000 Cyberjaya, Malaysia.http://mymagic.my