Cyberjaya, Malaysia – [15 April 2021]: Program Perolehan Impak Sosial Kerajaan (PPISK), an impact-driven government procurement programme for social enterprises, announced in Budget 2021, is now open for registration through the portal mymagic.my/ppisk. MaGIC, a government agency empowered to grow technology start-ups and social innovators, has been entrusted to assess and validate eligible applicants for PPISK.
Social procurement is an important element of social impact investment which the government is spearheading. PPISK will digitally on-board social impact enterprises as vendors registered with the Ministry of Finance (MOF), to qualify them for government procurement opportunities of up to RM20 million. It is the first-of-its-kind social procurement initiative that leverages on the government’s procurement capacity to create positive societal and environmental impact. Through this, social impact businesses - many of which are micro and small enterprises - can build their credentials for future growth and investment opportunities.
Five ministries which are the Ministry of Finance (MOF), Ministry of Science, Technology and Innovation (MOSTI), Ministry of Women, Family and Community Development (KPWKM), Ministry of Rural Development (KPLB) and Ministry of Education (MOE), have been selected for the 12-month pilot implementation. This initiative by the government is expected to boost the growth of social enterprises in Malaysia by supporting their innovation and job-creation roles.
PPISK will provide a level playing field for social impact businesses, providing them the opportunity to scale up impact-driven solutions which will, in turn, spur the social innovation ecosystem. To further promote products, solutions and services by social impact organisations, MaGIC will be listing all approved PPISK applicants on its Buy For Impact webpage (www.buyforimpact.co). This allows the public to also support social enterprises by spending their Ringgit in a more impactful manner.
Solutions offered by social impact businesses include alternative and affordable material for low-cost rural housing, literacy programmes for underprivileged youth and handicraft by indigenous communities. As such, PPISK is a win-win solution which supports the government’s commitment towards uplifting the livelihood of underserved communities through a social enterprise ecosystem, which could lead to sustainable growth.
According to a poll by SEWF Digital in September 2020, 26 percent of social enterprises believed that supportive government policies would have the greatest impact to their sustainability, while another 18 percent said that commercial and public sector procurement would provide the greatest opportunity for social enterprises this year.
ABOUT MALAYSIAN GLOBAL INNOVATION & CREATIVITY CENTRE (MaGIC)
MaGIC discovers and empowers technology start-ups and social innovators through creativity, innovation, and technology adoption, and develops a vibrant and sustainable entrepreneurship ecosystem in Malaysia. Since its inception in 2014, MaGIC has provided its community of start-ups, investors and ecosystem players with capacity building programmes, market and funding opportunities, and regulatory assistance that have impacted more than 100,000 aspiring and seasoned entrepreneurs with overall value creation of RM1.9 billion. As an agency under the Ministry of Science, Technology and Innovation (MOSTI), MaGIC facilitates, navigates and enables the ecosystem with the mission of strengthening Malaysia’s position as an emerging innovation nation.
For more information on MaGIC, please visit http://mymagic.my
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