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.

The centre would also help prospective entrepreneurs with intellectual property registration and facilities for training, coaching and mentoring, Najib added.

“Ideas and opportunities cannot travel through a vacuum - they must be born in an open, market-driven environment that welcomes them, nurtures them, (and) allows them to flourish and spread.

“Creating an eco-system in which ideas can be realised is one of the pre-conditions for success,” he said.

Najib also noted that Governments should play an active role in supporting research, irrespective of whether it had an immediate commercial application or not, and not hesitate to work closely with industry to promote innovation.

“Germany’s Fraunhofer Institute’s joint applied research ventures between business and the state provide one model for successful co-operation across the traditional sector divide,” he said.

In relation to this, he also suggested that higher learning institutions devote more time and funding to spin-offs, which can bridge the gap between research and commercialisation.

turning ICT hub into Entrepreneur hub?

Entrepreneurs Can Expect "Magic" Boost

By GES Team

KUALA LUMPUR, Oct 11 (Bernama) -- The proposed establishment of the Malaysian Global Innovation and Creative Centre (MaGIC), will provide a proper platform for entrepreneurs to expand their wings.

Multimedia Development Corporation Chief Executive Officer Datuk Badlisham Ghazali said MaGIC, to be located at Cyberjaya, was primed to unite the country's next generation of entrepreneurs.

"Entrepreneurs can also obtain consultation services and witness government initiative in enhancing the quality of local entrepreneurs," he told Bernama on the sideline of GES 2013 here Friday.

MaGIC, announced by Prime Minister Datuk Seri Najib Tun Razak today at the Fourth Global Entrepreneurship Summit (GES) 2013, will be a one-stop shop where entrepreneurs could access financing from banks or venture capital, incubators for developing start-ups, intellectual property registration, as well as, facilities for training, coaching and mentoring.

The initiative is also slated to improve and strengthen government and entrepreneurs' relationship.

Malaysian entrepreneur, Gerald Daniel, who helms First Billenium Sdn Bhd which developed mobile applications, said while the government had always been supportive of local entrepreneurs, they, however, found it difficult to tap the initiatives.

"The MaGIC initiative can definitely improve that," Daniel added.

For Ariivazhagan Supramaniam, Chief Executive Officer of Robin Capital Sdn Bhd, the most important thing was to facilitate entrepreneurs with the right policies, access to finance and continuous support to grow their business.

"I think government procurement is an important area where they have to take risk to test these entrepreneurs because that would create market confidence and allow the commercial side to come in," he said.

DFRAN Research Technologies Sdn Bhd Executive Chairman Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir described the move to establish MaGIC as being in line with the current situation where a majority of innovative ideas from developed nations came from young entrepreneurs.

"It is important for Malaysia to provide an ecosystem, in which innovative and creative young people have the opportunity to become a new entrepreneur," Syed Zainal said.

The former Managing Director of Proton Holdings Bhd hoped the initiative would be followed by right implementation.

Meanwhile, foreign delegates described MaGIC as a fantastic idea.

Among them was the Business Development Manager of Technology Innovation Agency from South Africa Dr Muhammed Sayed who pointed out that having a one stop centre was an excellent idea as a lot of countries have fragmented efforts that frustrated entrepreneurs.

Egle Vinauskaite, a delegate from Lithuania, was confident the initiative would succeed.

"Malaysia is doing a great work. In the last few years there's a lot of entrepreneurship programmes, workshops and mentorship's, they all worked. It makes a great impact because people especially youths realised their own potential and I think that's really a positive thing," she said.

-- BERNAMA

i
The PM is good at bla bla bla and then leave it unattended. Enuf of these bs...

when ICT tak jalan, turning ICT hub into Enterpreneur hub.. when Enterpreneur tak jalan, turning it to dunno wat hub.. 1malaysia hub??.. everytime we change PM, new direction emerge.. and how often they really take off nicely..

At the end still needs to rely on private company/fund to develop the place.

Updates for D'pulze.

Shopping mall: on-going
Tune hotel: start operation by Q1 2014
Serviced Suite: VP Q1 2014. Contractor already handover 7 floors out of 24.

D'pulze - can't wait to see the completion!

New IBM buidling!
IBM expaning!!!
Anyone can advise how many new job opp in IBM?
Good sign for development in cyber!


This post has been edited by Soros007: Oct 14 2013, 12:29 PM

The followings are my observation in my last visit to Cyber:-
1). Harvey Norman big warehouse / commercials will be in Selangor Science Park 2 (written on SSP2 panel).
2). Houston Grills restaurant - good quality food with reasonable price.
3). Sejati Residences - Super LV - all sold out except the corner units with bigger parcel of land. Their show unit (semi-D and bungalow) are nice but club house is kind of too small.
4). SEG - Semi-D phase (lepironia garden) structural frame works ongoing. LV units - piling still ongoing.
5). Massive big land clearing opp of SR - dun know what they are building especially it's commercial title.
6). Traffic is more and notice some luxury cars there.
7). Pangaea - Ground works completed and now is level 2 i think.

Rushing to Penang for holidays, thus didnt spend much time there but overall cyberjaya is moving on the right track and 3 years down the road start to see as a more vibrant city.

Massive big land opp SR can b entrepreneurs park or MaGIC?

I will b going kl tomolo, will find time to visit cyber

Expert: Malaysia is infrastructurally ready for cloud computing

by Nurul Iman Dimyati, fz.com (contributor to theedgemalaysia.com) on Monday, 14 October 2013 01:56Last Updated: 7:05am, Oct 14, 2013MALAYSIA is ready.This was all Bumi Armada Sdn Bhd chief information officer Chakib Abi Saab had to say about Malaysia's readiness and capability in adopting cloud computing systems.At the recent 2013 Cloud Computing Conference, Chakib said he believed Malaysia was ready thanks to a forward thinking government that developed the likes of Cyberjaya.“I think the government of Malaysia is quite forward thinking when you look at Cyberjaya today for example. You realise that this was a vision several years ago that is now becoming a reality.“So, Malaysia in terms of infrastructure, is ready. Malaysia has probably one of the best infrastructures out there for it,” he said, commending the government for not being a dawdler in information and communications technology (ICT) infrastructure.What's next for Malaysia, he said, was to educate its people on cloud computing."We just need to educate people on the benefits of it," Chakib said, assuring the audience of some 300 that "there is not a Cyberjaya everywhere."Chakib's commendation of the government's provision in information and communications technology, was one echoed by Gartner Research Director Darryl Carlton.Carlton observed, as a visitor to Malaysia, he was impressed to find a government that can see beyond its term in office was something astounding. Carlton referred to the development of Cyberjaya which was the brainchild of former prime minister Tun Dr Mahathir Mohamad in the 1990s.“As a visitor to the country, you see this perhaps more starkly. Back in the 90s you had a prime minister who was espousing a vision, a 2020 vision.“The fact that you have a government that is looking well beyond its current term in office (and) investing decades into the future (in which they don't know who will be ruling) is quite stunning.“It should not be taken for granted,” said Carlton, adding that Cyberjaya and the vision was a huge achievement.“The adoption rate here is quite good, certainly faster than most of the world,” he said.Multimedia Development Corporation (MDeC) chief operating officer Ng Wan Peng projected her vision of cloud computing as a business model which will enable more organisations to adopt the technology.Ng added that the push for it was to help people gain more benefits from it.“Again, we are not pushing cloud just for its own sake. We believe this to be a model that will allow more people to have access to technology easily and that is something that we want to push for.“Pervasive use of technology is key to operational excellence, for efficiency, for productivity gain, as well as to reach out for more market share,” Ng said.The MSC Malaysia Cloud Computing Conference themed ‘Cloud Computing: Soar Above the Competition’ was a full-day event aimed at providing awareness to key decisions makers and industry players on the new emerging cloud computing solutions that elevate businesses to a higher level.For more stories, go to www.fz.com, the website for freedom of expression and fairness in articulation.

A building is not enough.

Must always do like Singapore.

Build a hub!

Penang too? Enjoy the rainy day!

http://www.chinapress.com.my/node/465617

提供一站式服務 賽城設革新創意中心

　（吉隆坡11日訊）首相拿督斯里納吉宣布在賽城設立全球革新與創意中心（MaGIC），以提供相關協助與服務。

　他指出，涉及多媒體創意、研究與發展、外包以及資料管理的公司，都可以向有關中心尋求協助，而該中心所提供的一站式服務包括銀行融資、創業投資、知識產權註冊、培訓等。

　他透露，大馬政府采取多項措施，鼓勵創業，除了設立一站式中以及為科技、出口貿易的公司提供援助基金，我國也為能力建構與諮詢服務公司提供稅務獎掖。

　“鼓勵創業文化，意味著我們將社會開放于各種實驗性的嘗試，並且開啟教育制度于充滿各種可能性世界，這有助于建構可能帶來昌盛的革新文化。”

推行全球青年創業計劃

　納吉今日在第4屆全球企業家峰會開幕禮上，發表政策演詞時這么指出。出席者包括美國國務卿克里、副首相丹斯里慕尤丁、第二財政部長拿督斯里胡斯尼，首相夫人拿汀斯里羅絲瑪等。

　納吉也指出，馬來西亞會在下個月舉辦第5屆社會商業峰會，並且推行由美國發起的全球青年創業計劃（Global Startup Youth Programme）；在全球青年創業計劃下，500名青年會跟隨100名導師學習。

　他說，馬來西亞政府會繼續全面投資于在高素質的教育。

　“許多國際創業家都是在校園內開始創業，諸如面子書創辦人朱克伯格、谷歌創辦人佩奇等，都是在校園內創業，而且在過去20年，85%美國高增長企業都是由大學生創辦。”

　他接著說：“我們也會鼓勵高等教育學府生產更多產品，以便拉近研發工作及產品商業化的距離；這也讓我們的學生在校園時期，便能夠備好自己。”　

或檢討破產法令
扶助遇挫企業家

納吉指出，馬來西亞可以檢討及修正破產法令，以便加強保護網，讓創業遇挫折的企業家重新站起來。

　他指出，失敗乃成功之母，人們應該從失敗中取經驗繼續嘗試。

　納吉呼籲企業家在創業時遇到任何挑戰，都應該秉持努力不懈、絕不放棄精神。

　他說，除了企業家本身特質，政府政策也是影響創業成功與否的因素。

　他強調，如果要達到真正鼓勵創業效果，政府必須全面開放獲取知識、金融援助及技術培訓等機會。

　“打造有利于創業的環境是非常重要的，這促使企業家能夠把理想和概念，轉為事實。”

　另一方面，他也提到政府的革新措施時，他指出，政府去年在擬定2013年財政預算案時，開始采用革新措施，通過各種管道收集民意，讓人民表達他們對預算案的期望和意見。

秀馬來語贏掌聲

克里大秀馬來語，贏獲掌聲連連！

　美國國務卿克里代表總統奧巴馬，出席第4屆全球企業家峰會，他在致詞時，數度秀出馬來語，展現其優越語言能力。

　他在除了以“了不起的國家”（Negara hebat）稱讚馬來西亞，又形容大馬是一座美麗具有活力的城市，再一次以馬來文說“馬來西亞了不起”（Malaysia hebat）。

　較后，談到年輕人有無限可能，應該勇于創業時，他說：“任何事都有可能，就像‘Malaysia Boleh！’（馬來西亞，能！）。”　此外，他提及教育工作應從小開始時，引用馬來諺語“melentur buluh biarlah di rebungnya”，指教育從小開始，獲得滿堂喝彩。

Wonder where is the location n the size of the facility. ..

oldman13, how old are u?

40+? 50+? 60+?

I passed by sometime ago, there are quite many highrise around, & the occupancy rate is quite high.

There was an interview over BFM this morning with the MD (I Think) of Cyberview, the Govt owned landowner of Cyberjaya at 92% stake with the remaining 8% with PNB & etc. Although I knew Setia Haruman to be the Master Developer, I didn't know they weren't the land owner.

Additional info in case some are unaware. He shared his visions of how CBJ can emulate other successful Silicon Valleys and even mentioned that during his recent visit to California, the Silicon Valley kick started all the way back from the 1940s. And a lot of the industry players there were from different origins, not necessarily Americans, although now they probably are. He stresses on the need for CBJ to attract more professionals & engineers for a higher quality R&D Hub to be established in CBJ.

From the brief interview which I heard for a mere 10-15 mins, I am glad someone is taking a hands on approach in taking CBJ further ahead. He noted 4 major stakeholders in CBJ - Cyberview being the land owner, Setia Haruman being the Master Developer, Majlis Pernbandaran Sepang being the Local Council and AMDEC (or something like that) as the body to attract foreign investors to set up their hubs in CBJ.