Government sets up MaGIC

KUALA LUMPUR, Oct 11 -- Prime Minister Datuk Seri Najib Tun Razak delivered his welcome address at the 4th Global Entrepreneurship Summit (GES) 2013 at Kuala Lumpur Convention Centre here on Friday. ?-- fotoBERNAMA (2013) COPYRIGHT RESERVED

KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak has announced the establishment of the Malaysian Global Innovation and Creative Centre or MaGIC in Cyberjaya to encourage entrepreneurship among Malaysians.

He said in his speech at the Global Entrepreneurship Summit 2013 that the centre would be a “one-stop shop” for entrepreneurs in getting financing from banks or venture capitalists and also to serve as incubators for developing start-ups.