MaGIC signs MOU to expand its Corporate Entrepreneurship Responsibility network
On January 18, the Malaysian Global Innovation and Creativity Centre (MaGIC) signed a Memorandum of Understanding (MOU) with MIMOS Berhad, Think City and consulting firm, Accenture, to drive collaboration and active involvement of the parties in entrepreneurship development.
MIMOS, a strategic agency under the Ministry of Science, Technology and Innovation (MOSTI), is Malaysia’s premier Applied Research and Development Centre in Information and Communications Technology, Industrial Electronics Technology and Nano-Semiconductor Technology. While Think City, a wholly-owned subsidiary of Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, and funded by Yayasan Hasanah, is a community-focused urban regeneration organisation that aims to create more liveable, resilient and people-centric cities.
These three organisations are now part of MaGIC’s Corporate Entrepreneurship Responsibility (CER) network.
MaGIC launched its CER network last year to connect corporates with entrepreneurs. The collaborations also help the corporates to introduce more agility to their operations, disrupt existing business models, provide access to adjacent markets and adopt a more entrepreneurial mindset. Meanwhile entrepreneurs gain access to the resources, mentoring, market opportunities and networks that the corporates have. CER also facilitates an environment where entrepreneurs can build viable, innovative solutions that address real business problems and fast-track the growth of their ideas.
Bernama reported that MaGIC entrepreneurs, including startups and individual technopreneurs, will have access to the facilities at MIMOS, free of charge, to translate their innovative ideas into reality. Through this arrangement, the entrepreneurs can test out their ideas before making big investments.
Minister of Science, Technology and Innovation YB Datuk Seri Panglima Wilfred Madius Tangau and Secretary General, Ministry of Science, Technology and Innovation YBhg. Datuk Seri Dr. Mohd Azhar Bin Hj. Yahaya were there to witness the memorandum of understanding (MOU) exchange between MaGIC CEO Ashran Dato’ Ghazi and Accenture Country Managing Director Azwan Baharuddin, MIMOS CEO Ahmad Rizan Ibrahim and Think City Program Manager Duncan Cave.