$100m value to be created over an year from upcoming GECommunity initiatives: MaGIC

MaGIC CEO Ashran Dato’ Ghazi

Malaysian Global Innovation & Creativity Centre (MaGIC) — the country’s startup and innovation lab — has pegged a target of $100 million in value creation through the various programmes that will be launched at the upcoming Global Entrepreneurship Community (GECommunity) in December 2016.

MaGIC anticipates about 20 initiatives to be launched this year at the two-day GECommunity which is a joint project between MaGIC, GEM, NEDO and Malaysia’s Ministry of Finance. Among the initiatives will also be Corporate Entrepreneurship Responsibility (CER) from MaGIC where entrepreneur and corporates collaborate to benefit the latter, who want to innovate along with the startup ecosystem.

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