MaGIC partners 17 startups to push SEA innovation agenda
Malaysian Global Innovation & Creativity Centre (MaGIC) has announced a strategic partnership with 17 Southeast Asian entrepreneurship community builders to form ASEAN Activate, an extension of the MaGIC Activate platform at a regional level.
ASEAN Activate is a new initiative from MaGIC’s Corporate Entrepreneurship Responsibility (CER) arm that aims to create a concerted effort in helping Southeast Asia drive its innovation agenda forward. It aims to do so in four key ways:
- Establishing a regional CER network
- Facilitating cross-border partnerships and deals
- Providing a regional market access for entrepreneurs and startups
- Fostering a united ASEAN innovation ecosystem
“We hope ASEAN Activate will encourage greater collaboration between corporates and startups in Southeast Asia, ultimately leading to a more sustainable, vibrant entrepreneurship and business ecosystem.”Through ASEAN Activate, local activate partners will collaborate with MaGIC to run the Startup Corporate Innovation Challenge in their respective countries. Together, they will curate challenges from the corporate sector, invite startups to participate in the platform, shortlist applicants and facilitate meetings with corporates, and keep tab on progress. The Startup Corporate Open Innovation Challenge Platform is an initiative by MaGIC which is conducted in partnership with the Techstars Startup Program, providing the platform access to more than 3,000 startups. Eight innovation challenges have been posted on the platform so far from UNICEF, Sunway Ventures, TM RE:, IJM, Media Prima, and others.