The MaGIC pitchIN Challenge is being held in conjunction with the launch of the Malaysia Global Innovation & Creativity (MaGIC) Centre.
This competition for entrepreneurs is aimed at introducing and promoting crowdfunding to entrepreneurs. 20 selected projects will pitch for support on the pitchIN crowdfunding platform. The public will be invited to support these projects by making pledges for projects that appeal to them. Eight best supported projects will receive additional seed funds from MaGIC, with the top two prizes being RM25,000 (RM: Twenty Five Thousand)
The MaGIC Centre is is designed to become a one-stop place for entrepreneurs, with everything from getting financing from banks or venture capital to incubators for developing start-ups, from intellectual property registration to facilities for training, coaching and mentoring.
The MaGIC Centre will create a full-service ecosystem to attract the best global and local talent and inspire a new wave of entrepreneurs. It ultimately aims to transform Malaysia into a dynamic entrepreneurial nation by enabling domestic & international entrepreneurs to successfully start and grow their businesses.