Malaysian Global Innovation & Creativity Centre (MaGIC) together with its partners are the pioneers behind Malaysia’s Social Inclusion & VIbrant Entrepreneurship (MasSIVE) movement. This movement aims to propel the aspiration of the Social Enterprise Blueprint, drive systemic change in the sector locally, create an enabling ecosystem and champion the impact driven enterprise (IDE) movement regionally.
MasSIVE’s inception was during the 2018 Budget announcement in which Prime Minister Datuk Seri Najib Tun Razak allocated a portion of the Budget to cultivate impact driven enterprises that are vibrant and able to drive inclusive economic growth. MaGIC is partnering with Impact4Humanity, iM4U, myHarapan, Agensi Inovasi Malaysia (AIM), Yayasan Hasanah, eFM, and ngohub.asia to lay the foundation of MasSIVE.
MasSIVE marks the next step in the nation’s journey in establishing a thriving impact driven enterprise (IDE) sector. It will build coalitions of programs aimed at IDEs to improve ease of access, forge collaborations between key stakeholders to accelerate industry growth, and help ignite policy changes to further ensure inclusion. These are key in helping the nation fulfill its national goal of enhancing inclusiveness towards an equitable society, pursuing green growth for sustainability, accelerating human capital development, and improving well-being for all.
Regionally MasSIVE will look to introduce and then scale MaGIC’s landmark IDEA initiative into other ASEAN countries. This includes social procurement and accreditation programs,as well as initiatives to help cultivate the impact driven entrepreneurship movement at a grass-root level.
Ashran Dato’ Ghazi, Chief Executive Officer of MaGIC, said: “We are also excited to launch our first-ever MasSIVE Impact Day to provide a convening space for entrepreneurs, corporates, NGOs and the public sector, as well as the general public to gather and participate in collaborative initiatives that can create social and economic impact. We encourage everyone who takes part in MasSIVE Impact Day to explore funding and social procurement opportunities, as well as how to create a business that is impact-driven.”
During MasSIVE Impact Day, more than 800 individuals from corporates, non-governmental organizations (NGOs), small and medium enterprises (SMEs) and the public gathered to participate in various industry consultations, panel discussions, as well as mentoring and coaching sessions.
MasSIVE also marks the transformation of MaGIC’s Social Entrepreneurship arm, which has been a driving force behind the national push for the IDE sector – from designing the Social Enterprise Blueprint to SEHATI, IDEA, and Buy for Impact. Through MasSIVE, the unit will now adopt a structure that champions collaboration between key stakeholders, a key to creating successful systemic change for the impact driven enterprise sector.
