Malaysia Launched Global Innovation and Creativity Centre
28 April 2014
The Malaysian Global Innovation and Creativity Centre (MaGIC) was recently launched in Cyberjaya by Prime Minister Datuk Seri Najib Tun Razak and US President Barack Obama.
On list visit to Malaysia, Obama said “we want you to be able to create things and start your own companies and businesess, and come up with your own products and services because that's how our society grows, reported by BERNAMA, a government news agency.
"The dreams and talents of these young people help to fuel our economies and create jobs and they also bring our countries closer together," Obama said.
Meanwhile, Najib announced the compound in front of the MaGIC building will be known as the "Obama Oval".
MaGIC aims to transform Malaysia into a dynamic entrepreneurial nation by enabling domestic and international entrepreneurs to start and grow their businesses. It is designed to become a one-stop centre for entrepreneurs, which will provide every facility an entrepreneur will need – from obtaining funding from banks or venture capitalists to providing incubators for developing start-ups to improve their products or services.
