Malaysia: Maybank formalises partnership with MaGIC, to be financial services partner for ACE

Maybank head of corporate development & innovation Amran Hassan and MaGIC CEO Cheryl Yeoh

Maybank has formalised a partnership with the Malaysian Global Innovation & Creativity Centre (MaGIC) to further boost start-ups across the region through future initiatives.

The bank is the first to partner the entrepreneurship empowerment agency, and the collaboration aims to boost entrepreneurship in the Asean region.

Prior to this partnership signing, Maybank has already been involved in a series of engagements and joint initiatives with MaGIC since April 2015.

Maybank would leverage on MaGIC‘s expertise, regional reach and resources to nurture upcoming local and regional startups, and will also take on a role as the financial services partner for MaGIC’s Asean Centre of Entrepreneurship (ACE). ACE was launched on Saturday amid the 1Asean Entrepreneurship Summit.

The ACE is a startup support services platform offering services such as legal advice, IP consultations, visa application and company secretarial services through its partners. The platform will support  Malaysian startups looking  to expand into Asean countries and for Asean startups to expand into Malaysia.   

Maybank head corporate development & innovation, Amran Hassan said the bank has always viewed innovation as a key organizational competency that will help in identifying and shaping new sources of competitive advantages.

“The collaboration with MaGIC will allow Maybank to play a more prominent role in the supporting the startup ecosystem regionally.”

MaGIC chief executive officer Cheryl Yeoh noted that the partnership will help boost the development of startups and social enterprise initiatives not only in Malaysia, but in the region.

“We are encouraged by the support we are seeing from the private sector and Maybank as one of the early driver for private sector opportunities.”   

In return, Maybank will act as an advisory partner to MaGIC’s Accelerator Programs and Academy, especially in building viable propositions in the context of regional opportunities in the financial services industry, help facilitate market validation and identify potential “go-to-market” partners.

Hassan added that the bank has taken the market lead in the high-growth startup ecosystem as part of its efforts to support promising technology startups across the markets where it operates.

“We will continue to work with strategic industry partners in providing competitive platforms in our efforts to help build Asean into a global centre for innovation.”

Also read: 

Malaysia: MaGIC to launch ASEAN Centre for Entrepreneurship, to catalyse regional expansion for startups

Cyberview, MaGIC, 11street buoyed by allocations in Malaysia Budget 2016

MaGIC keen on working with foreign ecosystems to build stronger Asian startup hub

MaGIC launches accelerator program, backed by corporates, mentors and investors

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.