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Sunday July 6, 2014 MYT 12:00:00 AM
Saturday July 12, 2014 MYT 4:33:44 PM
by hariati azizan
There is a future, and even money, in creative arts in Malaysia with MyCreative Ventures.
This capital fund will allow private limited companies incorporated in Malaysia, like Wong, to get a loan based on the potential of their creative ideas and projected returns on investments.
Many people think creative business means animation and video games development. No, there is so much more to it. They are Malaysian-owned businesses operating under companies incorporated in Malaysia and majority owned by Malaysians, both start-ups and established companies.
But the interest you need to pay from the start and we try to get them to pay up in five years, because if not it will go on forever and ever. We also closely monitor the recipient company’s progress to ensure that it can operate viably and grow as planned. Our aim is to ensure that the arrangement is sustainable so that the allocated funds can be returned to MyCreative within a prescribed period and reinvested to assist other creative art ventures.
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Business, Government, creative arts
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