MaGIC announces move to Mosti, to hone focus on building tech startups and social entrepreneurs

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MaGIC's CEO said the realignment was a strategic fit as Mosti’s roles were already areas MaGIC covered.

Dzuleira said the realignment was a strategic fit as it would let MaGIC focus even more on tech, where it had already been collaborating with Mosti entities including Cradle Fund and Mimos Bhd. — MaGIC

She said the realignment was a strategic fit as Mosti’s roles – Intellectual Property creation, market access and scalability – were already areas MaGIC covered, which had seen it collaborating closely with Mosti entities including Cradle Fund and Mimos Bhd. One significant change would be the extent of MaGIC’s involvement in SE initiatives – the agency had previously spearheaded Medac’s Social Enterprise Accreditation programme, which would now revert back to the ministry’s purview.

Despite the move, MaGIC’s place in the SE ecosystem was acknowledged in the government’s Penjana economic recovery plan, which allocated it RM10mil for social enterprises under the Social Elevation initiative.


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