MaGIC launches startup programme for early-stage impact ventures, social enterprises in Malaysia

May 15, 2018

Malaysia's startup accelerator MaGIC (Malaysian Global Innovation & Creativity Centre) today announced the launch of an exclusive programme for early-stage impact-driven enterprises and social enterprises.The programme, called Impact Driven Enterprise Accreditation (IDEA) Accelerator, aims to provide such startups with an opportunity to pilot their idea, test business plans, solidify their impact delivery models, and secure capital through fundraising using innovative entrepreneurship strategies.As many as 29 startups out of 233 applicants have been handpicked to participate in the IDEA programme.The six-week programme will focus on five key impact themes - employment for the marginalised community, equality and empowerment, pollution and waste management, income/productivity growth, and community development.