Prime Minister Datuk Seri Najib Tun Razak tonight witnessed the signing of memorandum of understandings between the Malaysian Global Innovation and Creativity Centre (MaGIC) and Stanford University and UP Global to foster and develop a vibrant entrepreneur eco-system in Malaysia.
Strongly backing the MaGIC concept, Najib said he believed in young people for their passion, energy and creativity.
"Hence opportunities and the ecosystem have got to be created for them to succeed.
"This is the just the beginning of a success story. We want to churn out young entrepreneurs who can command the world stage in the future," he said in his speech.
MaGIC, the one-stop centre which will provide all necessary facilities for entrepreneurs, aimed to transform Malaysia into a dynamic entrepreneurial nation by enabling domestic and international entrepreneurs to successfully start and grow their businesses.
Two of Stanford University's world-class schools, the Stanford Graduate School of Business and the Stanford School of Engineering, will collaborate with MaGIC.
Meanwhile, the partnership with UP Global is designed not only to increase the level of entrepreneurial activity and new company creation in Malaysia but also to develop Malaysia as a global startup hub and a center of activity for South East Asia.
Other collaborations that would complement MaGIC's efforts would be between the Malaysian Biotechnology Corporation and the California Institute for Quantitative Biosciences.
The collaboration would serve as a launching pad for the Bio-Entrepreneurship Programme which aimed to create an environment to enhance the commercialisation of bio-based products and services by local biotechnology researchers and entrepreneurs.
In addition, Malaysia Venture Capital Management Bhd (MAVCAP) also marked the kick-off of its third outsourced partner programme (OSPR) with its first OSP3 partner, Elixir Capital Management, a Silicon Valley-based fund manager to launch the ECM Strait Fund.
The Strait Fund would target growth equity investment opportunities in order to help scale up small to medium enterprises in the Asean region.
MAVCAP also signed a limited partnership agreement with a commitment of US$5 million from MAVCAP with 500 Durian LP, a local fund which aimed to invest in startups in the Southeast Asian region.
Durian LP would be managed by a California-based seed accelerator, 500 Startups.
These collaborations would further build entrepreneurship development programmes and accelerate the growth of an entrepreneurial nation while complementing MaGIC's initiatives
After the signing ceremony, Najib toured the MaGIC centre, located in Cyberjaya, a city poised to become the global technology hub.
US President Barack Obama is expected to launch MaGIC on Sunday in conjunction with his three-day visit to Malaysia beginning tomorrow.
Bernama
Sat Apr 26 2014
Institusi pendidikan bawah KPM perlu patuhi garis panduan anjur aktiviti luar
Kementerian Pendidikan (KPM) meminta semua institusi pendidikan di bawah kementerian itu untuk sentiasa mematuhi garis panduan penganjuran aktiviti luar bilik darjah.
Kerajaan Madani komited tambah baik infrastruktur di Sabah - PM
Kerajaan Madani akan menoktahkan kesengsaraan yang dialami rakyat terutama di Sabah khususnya dari segi kemiskinan sosioekonomi.
Fokus Minggu Depan: Perang Iran-Israel: Perkembangan seterusnya?
Ikuti kupasan Pengarah Institut Kecemerlangan Pengajian Baitulmaqdis (IEIJS), UUM, Prof. Madya Dr. Aminurraasyid Yatiban mengenai perkembangan perang Israel-Iran yang ketika ini menggegarkan Asia Barat.
Data sekolah di Singapura diceroboh
Kementerian Pendidikan semalam mengesahkan berlaku pelanggaran data di salah satu vendornya mengakibatkan 'akses tidak dibenarkan' bagi nama dan alamat e-mel ibu bapa dan kakitangan lima sekolah rendah dan 122 sekolah menengah.
87 maut, 82 cedera akibat hujan lebat berterusan di Pakistan
Sekurang-kurangnya 87 orang maut dan 82 yang lain cedera dalam insiden dicetuskan hujan di Pakistan sejak minggu lalu ketika hujan lebat terus melanda beberapa bahagian negara itu, kata Pihak Berkuasa Pengurusan Bencana Kebangsaan (NDMA), semalam.
Pertempuran sengit paksa 200 orang lari ke Thailand
Pertempuran bertambah sengit di sempadan timur Myanmar dengan Thailand hari ini, memaksa kira-kira 200 orang awam melarikan diri ketika pemberontak mengusir tentera junta yang bersembunyi di lintasan sempadan jambatan.
Liga Hoki Selangor TNB-QNET kembali dipertandingkan tahun ini
Selepas lima tahun menyepi, Liga Hoki Selangor TNB-QNET (SHL) akan kembali dianjurkan bermula hari ini hingga 2 Jun depan dalam usaha mencungkil bakat baru sukan hoki di tanah air.
Bio-Home lancar stesen pengisian semula eco, yang pertama seumpamanya
Jenama pembersihan rumah mesra alam dari Lam Soon, Bio-Home, melancarkan stesen pengisian semula eco pertama, menandakan langkah penting komitmen dalam menangani isu sisa plastik.
Anwar beri penghormatan terakhir kepada mendiang Joseph Kurup
Perdana Menteri Datuk Seri Anwar Ibrahim hari ini memberi penghormatan terakhir kepada mendiang Tan Sri Joseph Kurup di Wisma Fook Lu Siew di Kota Kinabalu.
PM Anwar beri penghormatan terakhir kepada mendiang Joseph Kurup
Perdana Menteri Datuk Seri Anwar Ibrahim hari ini memberi penghormatan terakhir kepada mendiang Tan Sri Joseph Kurup di Wisma Fook Lu Siew.
AS$55 bilion bakal jadi milik BTS apabila saham Big Hit disenaraikan
Anggota kumpulan k-pop BTS semakin menghampiri kekayaan berganda apabila syarikat rakaman mereka Big Hit mengumumkan akan mengapungkan ekuiti syarikat itu di pasaran saham.
Lawatan pegawai khas politik ke hotel di Kuching bukan arahan saya - Isa Samad
Mohd Isa, 71, berkata Muhammad Zahid Md Arip melawat hotel berkenaan bukan atas urusan rasmi, sebaliknya urusan peribadi untuk mengetahui keadaan politik di sana.
APEC2020: Women, corruption and their role in fighting it
The role of women in fighting corruption is often a muted subject, not much discussed nor promoted much.
Saksi kata 1MDB 'baby' Najib, ini 6 fakta penting dalam perbicaraan hari ke-8
1Malaysia Development Berhad (1MDB) adalah 'baby' Najib - saksi kelapan.
Tempoh perkhidmatan Nasir dilanjutkan hingga tahun hadapan - KWSP
Mohamad Nasir memulakan kerjayanya di KWSP pada 1982 di mana beliau memegang beberapa jawatan sebelum dinaikkan pangkat sebagai Timbalan Ketua Pegawai Eksekutif bahagian pelaburan.
Bidaan Equanimity perlu bayar deposit RM4.18 juta
Kapal layar mewah Equanimity yang sebelum ini dimiliki oleh ahli perniagaan Low Taek Jho atau Jho Low kini dibuka untuk pembeli.
Climate change in Malaysia and what it means for us
The worlds climate is changing for the worse, and humans are responsible for that. Lets dive into a touch of science to make sense of this.
SUPERB mengoptimumkan manfaat kepada usahawan Bumiputera
Seramai 26 finalis SUPERB Siri Ketiga dan Keempat 2014 telah dinobatkan sebagai pemenang geran keseluruhan bernilai RM 13 juta.