KUALA LUMPUR, Oct 29 — I recently read in a report that there are easily over 60 entrepreneur development programmes in Malaysia just run by the various government agencies. Soon, you’ll be able to add the Malaysian Global Innovation and Creativity Centre or MaGIC to that mix.

Rather than being just another entrepreneur development programme however, MaGIC is going to be a one-stop centre to empower entrepreneurs.

While many had been expecting more details in the Budget 2014 proposal that Malaysian Prime Minister Najib Razak unveiled on October 25, none were forthcoming — aside from the RM50 million (US$15.8 million) allocated. He did not say if this would be a one-time funding or merely the initial launch funding of an on-going allocation.

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