MaGIC and Scaleup Malaysia collaborate to further develop local start-up industry | Malay Mail

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KUALA LUMPUR, March 24 — The Malaysian Global Creativity and Innovation Centre (MaGIC) and ScaleUp Malaysia have announced a collaboration geared at raising the volume, growth velocity and value of the local start-up industry. In a statement today, MaGIC said the collaboration marked the first of...

Wednesday, 24 Mar 2021 05:05 PM MYTTelegramKUALA LUMPUR, March 24 — The Malaysian Global Creativity and Innovation Centre and ScaleUp Malaysia have announced a collaboration geared at raising the volume, growth velocity and value of the local start-up industry.

“The collaboration aims to train and coach 20 ascendant start-ups and raise a minimum investment commitment of RM250,000 per company for 10 selected start-ups through investments from institutional investors. Chief executive officer Dzuleira Abu Bakar said this collaboration among ecosystem partners is aimed at providing more ready access to investors and funding for start-ups that are ready to scale up within Malaysia and the region.

 

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