A
Initiatives

Social Impact Matching Grant

Double the impact. For every ringgit crowdfunded, receive another through the Social Impact Matching Grant.

Solution Seeker
Application Opens 1st August 2020
Programme

Social Innovation

An initiative to cultivate an inclusive community of social innovators to help address the nation’s social challenges

Application Opens 1st August 2020
Solution Seeker

Why Social Innovation
is Important?

Solution Seeker

Embracing Change

Life is a flux, with constant change - sometimes small but at other times disruptive. During these times, we have learnt that adapting via innovating is key.

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Shared Prosperity

We believe that impact driven innovation accelerates social progress alongside economic growth to bring about shared prosperity.

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Society-based Solutions

Propelling the nation towards a commitment to innovate to address social issues, leaving no one behind.

*Sustainable Development Goals
Last Update: 19 October 2020

Building the Social
Innovation Ecosystem

MaGIC’s social innovation roadmap to spark more innovation within Malaysia

Stages of social innovation

Solution Seeker

Our Impact

An insight into MaGIC’s community of social innovators and their focus areas.

Solution Seeker
A
Initiatives

Social Impact Matching Grant

Double the impact. For every ringgit crowdfunded, receive another through the Social Impact Matching Grant.

Solution Seeker
Application Opens 1st August 2020

About the SIM Grant

The SIM grant totaling RM10 million, a PENJANA initiative, was introduced to support social enterprises and social innovation in Malaysia. For every ringgit earned through crowdfunding, SIM Grant will match that amount, in a 1:1 ratio.

Solution Seeker

Promoting social entrepreneurs

Supporting businesses and individuals on a mission to make the Malaysia a better place for all.

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Scaling social solutions

For every ringgit given, SIM will provide another, doubling the impact.

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Encouraging public participation

To be involved in delivering solutions to society.

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Social innovation is by all.

For all. For good.

At MaGIC, the aim is to be the Social Innovation Hub in Malaysia and the region, by cultivating and nurturing an inclusive community, (note: through tech + innovative bussiness models, use of technology, entreprenuership) of social innovators to help address the nation's social challenges.

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For Good.

Innovating to create effective, efficient and sustainable systemic changes which truly make a difference.

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By All of society.

To collaborate for innovative solutions to solve the world’s largest challenges.

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For All of humanity.

Transformational and inclusive solutions, disrupting social norms and meeting social needs for the benefit of all.

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Targeted impact areas

Open to projects or initiatives providing innovative solutions in

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Environmental Protection

Climate change has led to extreme weather events affecting our natural ecosystem, impacting our wellbeing and those of our future generations.

It is vital to protect the environment through the decarbonisation of energy systems, reduction in industrial pollution and the conservation of land and biodiversity.

Solution Seeker

Food Security

With rapid population growth, land and water scarcity, as well as exploitative food systems, access to sufficient and safe food supply is not a concession for the privileged.

It is key to provide food for all, using inclusive strategies to make food systems, efficient, resilient and reliable for people - from food production to supply chain management.

Solution Seeker

Health & Social Wellbeing

In a fast-paced and evolving world, our society is faced with ever changing social struggles and diseases.

In the pursuit of universal healthcare for social wellbeing, it is imperative to support health systems for primary care, disease control and changes to social norms and behaviours - to promote healthier lifestyles and mental health.

Solution Seeker

Community Livelihood

Livelihood challenges and income inequality have led to limited access to education, skills and decent jobs to provide for the family and grow the community as a whole.

Nation building starts from home. The provision of quality education, skill-based training and income opportunities is crucial to community livelihoods. It tackles poverty, gender inequality and focuses on shared growth for national prosperity.

Solution Seeker

Heritage Preservation

Modernisation and an emphasis on progress has subjected the culture of our predecessors to a risk of being forgotten.

Historical  heritage provides a sense of identity and continuity in a globalised world. As a nation of diversity, it is everyone’s duty to protect the invaluable inheritance and practices, the multitude of cultures, as well as the arts and traditions of the people.

Solution Seeker

Medical and Healthcare
Technology

Our 5 Impact Pillars (5IP)

These areas anchors our focus on creating impact for everyone to leave no one behind.

Culture, Arts and
Tourism

Manufacturing

Agriculture

Education

Be part of the movement

Social Innovation takes collaborative efforts for true social impact.
Participate with us as

Social Innovator

Participate in our programmes to grow and bring your ideas to life.

Solution Seeker

Impact Partner

Join our community of like minded impact driven organisations.

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Funder

Accelerate innovation ideas and help bring impactful solutions to the market.

Solution Seeker
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What We Offer

For Social Innovator

Through our programmes, we provide tools and knowledge to social innovators to scale their solutions. The key is to foster an impact driven innovation environment

Solution Seeker

For Impact Partner

We believe that impact driven innovation accelerates social progress alongside economic growth to bring about shared prosperity.

Solution Seeker

For Funders

Propelling the nation towards a commitment to innovate to address social issues, leaving no one behind.

Solution Seeker
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Other Recommendation

Capturing opportunities to encourage & support everyone in the community - such as corporates, academic institutions, non-profits, government, public - to become social innovators

More Information

General

When will the SIM Grant be available and for how long?

The SIM Grant will open for application starting 1 August 2020 for a period of 12 months or upon full disbursement of RM10 million, whichever comes first.

General

What is the matching ratio of the SIM Grant?

The matching ratio of the grant is at 1 to 1 (1:1) i.e. for every RM1.00 crowdfunded by the applicant, RM1.00 grant will be awarded; equivalent to the amount it has successfully crowdfunded subject to the capping amount, based on the types of applicant (Accredited SE, Non-accredited SE, and any other individual or entity).

General

How to apply for the SIM Grant?

Applicants must submit their application via an online platform determined by MaGIC. Complete information and documentation must be submitted online to facilitate evaluation by MaGIC. There are three (3) steps to the application process as follows:

Step 1 - Eligibility screening process;
Step 2 - Due diligence process, followed by evaluation and approval of the applicant by JAC;
Step 3 - Documentation and grant disbursement

Conference
+ Register Now

E-Nation

Flagship annual conference that aims to paint a canvas of future possibilities by fostering special addresses, keynotes and in-depth conversations around emerging technology, innovation, fresh entrepreneurial ideas, impact-conscious ventures, industry-specific future challenges and opportunities as well as the collaboration of the ecosystem players in finding innovative approaches to solve real problems.

Sebuah Inisiatif

Geran Padanan
Impak Sosial (SIM)

Melipatgandakan.  Dapat setiap ringgit bagi setiap ringgit yang dikumpul daripada pendanaan awam melalui Geran Padanan Impak Sosial (SIM).

Startup
+ Learn More

MyStartup Hub

A soft-landing programme to help high-growth, innovative startups from all over the world to set up in Malaysia, a gateway into the ASEAN market. MyStartup Hub provides a hassle-free incorporation process, hands-on mentoring, local talent, and market access.

Startup
+ Find Out More

Global Market-Fit
Programme

MaGIC’s Global Market-Fit Programme (GMP) provides a platform for innovative startups to explore and gain international market access and network in countries beyond Asia.

Entrepreneurs
+ Get Started

COVID-19 Incentives & Relief

A comprehensive reference on COVID-19 Incentives & Relief for Entrepreneurs

Entrepreneurs
+ Learn More

MaGIC Online
Academy

The Online Academy is a pilot programme to support the ongoing physical programmes by MaGIC and provide continuous learning support system for the participants following a programme completion.

Services
+ Get Started

Mentorship

Get a step closer towards attaining your entrepreneurial dream by connecting with skilful and seasoned entrepreneurs from various backgrounds

Empowering the spirit of entrepreneurship, creativity and innovation

MaGIC supports the creativity and innovation development in Malaysia through dynamic programmes and capacity-building initiatives. About Us

Individuals Impacted
116,110
+
Social Enterprises
190
+
Startups
2,010
+
Investment Raised (MYR)
80m
Value Created (MYR)
1.9b
View Our Impact Dashboard

Empowering the spirit of entrepreneurship, creativity and innovation

MaGIC supports the creativity and innovation development in Malaysia through dynamic programmes and capacity-building initiatives. About Us

Individuals Impacted
+
Social Enterprises
190
+
Startups
2,010
+
Investment Raised (MYR)
80m
Value Created (MYR)
1.9b
View Our Impact Dashboard

MaGIC Alumni

Our Partners

In keeping with our mission, these partnership are designed to cultivate a creative and innovative entrepreneurial ecosystem

Crowdfunding Platform Partners

Successful SIM grant applicants enjoy a 20% rebate on platform fees, for the first RM 1 million raised on each platform.

Additional crowdfunding support - info sessions and promotional campaigns.

What We Offer

For Entrepreneurs

Elevating the entrepreneurial mindset by leveraging technology and innovation.

For Corporates

Connecting corporates and private sector organisations to accelerate business growth.

Who can apply?

Solution Seeker

Accredited
Social Enterprises

Recognised by MaGIC under the SE.Accreditation  Programme

Up to RM500,000

Solution Seeker

Non-Accredited
Social Enterprises

Non-accredited impact-driven entities registered with MaGIC

Up to RM250,000

Solution Seeker
Get Accredited

Individuals and
Other Entities

Social impact-driven individuals and entities who are just getting started

Up to RM20,000

Solution Seeker

Eligible Matchable Funds

Funds raised or crowdfunded from 1 July 2020 onwards from:

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Eligible Donors

Any form of registered/verified entities in and/or outside Malaysia

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Corporates

Not-for-profit

Individuals

Government and/or government related entities funded by the Government of Malaysia

Eligible Sources

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Donations or charitable proceeds received without returns expected

Contributions from grants received without returns expected

Investments with returns expected, including owner’s equity

Financing or loans received from financial institutions

Proceeds from business transactions or procurement

Crowdfund
for social impact

Provide innovative solutions to tackle environmental and social issues covered by SIM’s impact areas

Solution Seeker

Raised
at least 80%

Successfully crowdfund at least 80% of the amount you are applying for

Solution Seeker

Have
eligible funds

Donations and contributions raised effectively from 1st July 2020 from private registered entities

Solution Seeker

Tell us about your project

Solution Seeker

Proposal Content

Solution Seeker

Intended project or business plan

Cash flow projections

Utilisation of proceeds

Impact indicators to track progress

Detailed implementation plan

Historical track record

Team credentials

Assessment Criteria

Solution Seeker

Novelty of innovation

Effectiveness of proceed utilisation

Feasibility of proposal

Scalability of impact

Capability of management or team promoter

Proof of funds received

Provide evidence of crowdfunded amount received

Solution Seeker

Sign an agreement

Commit to the grant’s terms and conditions plus your impact milestones

Solution Seeker

Get your grant

Once inked, first tranche to be disbursed within 14 working days

Solution Seeker

Virtual Global Market-Fit
Programme

Solution Seeker

Virtual Global Market-Fit Programme (GMP) provides a platform for high growth innovative startups to explore cultures, understand ways of business and gain international market access in countries beyond ASEAN. This programme aims to provide assistance for startups to accelerate growth with new product/solution market-fit strategies expanding to other countries.

Why Global Market-Fit
Programme

Solution Seeker

Network & Insights

(incl. Regulatory Assistance)

Solution Seeker

Product Market Fit

Solution Seeker

Measured Readiness
for Expansion 

(Traction)

Solution Seeker

Mentorship

Solution Seeker

Specialised Workshops for Effective Growth & Scaling

Solution Seeker

Network & Insights

(incl. Regulatory Assistance)

Why Global Market-Fit
Programme

Solution Seeker

Network & Insights

(incl. Regulatory Assistance)

Measured Readiness
for Expansion 

(Traction)

Mentorship

Effective Growth
& Scaling

(Specialised Workshops)

What’s in it for you?

Solution Seeker

Market Validation

Making sure you have what it takes to meet the needs of the foreign market, allowing for effective market penetration in the future - saving valuable time and money

Solution Seeker

Network & Insights

Access to a wide range of partners, corporates, investors and ecosystem players

Solution Seeker

Mentorship

Gain mentorship and guidance from industry experts based in foreign markets

Solution Seeker

Explore New Opportunities & Innovation

An unparalleled opportunity to discover new fields of value creation in other countries, and learn how the rest of the world is innovating against the challenges of the future

Solution Seeker

AgriTech Bootcamp Themes

Solution Seeker

Advanced opportunities and challenges

Solution Seeker

National Technology development and resilience

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Consumer-focused innovation

Solution Seeker

Agritech sustainability

Solution Seeker

Awards & Recognition

Solution Seeker

Top 20 Active Asian & Oceanian Accelerators 2015

Top 20 Global Accelerators 2016

Asian Rice Bowl Award - Best Accelerator Programme 2017

Global Startup Award (GSA) - Global Futureshaper Award 2017/2018

Programme Highlights

Solution Seeker

GAP Startups

Solution Seeker

BoomGrow

String Soul

Memori

DeafTawk

Runcloud

Serv

CloudBreakr

JomParking

Poladrone

Food Market Hub

TresGo

GA Alliance

PitchaEats

Ejen2u

Recyglo

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38/1.4- - Social Impact Matching Grant

1.5em/1.4- - Double the impact. For every ringgit crowdfunded, receive another through the Social Impact Matching Grant.

14/20 - Programme

32/1.4- - Why Social Innovation
is Important?

24/1.4 - Embracing Change

1.2em/1.4- - Life is a flux, with constant change - sometimes small but at other times disruptive. During these times, we have learnt that adapting via innovating is key.

32/14.4- - Building the Social
Innovation Ecosystem

1.5em/1.4- - MaGIC’s social innovation roadmap to spark more innovation within Malaysia

24/1.4- - Stages of social innovation

38/1.4- - Social Impact Matching Grant

24/1.4- - Promoting social entrepreneurs

1.2em/1.4- - Supporting businesses and individuals on a mission to make the Malaysia a better place for all.

1.5em/1.4- - Funds raised or crowdfunded from 1 July 2020 onwards from:

1.5em/1.4- - Eligible Donors

1.1em/1.4- - Any form of registered/verified entities in and/or outside Malaysia

1.1em/1.4- -Donations or charitable proceeds received without returns expected

24/1.4- - Non-Accredited
Social Enterprises

1.2em/1.4- - Successfully crowdfund at least 80% of the amount you are applying for

38/1.2- - Learn how MaGIC programmes have inspired and prepared these startups and helped each of them lead successful entrepreneurship journeys.

1em/1.4- - Successful SIM grant applicants enjoy a 20% rebate on platform fees, for the first RM 1 million raised on each platform.

16/20 - Terms and conditions applied

32/36 - What We Offer

18/1.4- - Up to RM250,000

17/24 - Everyone’s Onboard the BoardBack Enterprise

38/44 - Empowering the spirit of entrepreneurship, creativity and innovation

18/24 - MaGIC supports the creativity and innovation development in Malaysia through dynamic programmes and capacity-building initiatives. About Us

13/20 - Individuals Impacted
60/52 - 116,110
60/52 - +
0.9em/20 - General

1.5em/1.4- - When will the SIM Grant be available and for how long?

1em/1.5- - The SIM Grant will open for application starting 1 August 2020 for a period of 12 months or upon full disbursement of RM10 million, whichever comes first.

18/1.4- - Poladrone