The Borneo Post (Sabah)

MaGIC: Govt’s social impact procuremen­t programme open for registrati­on


LUMPUR: The government’s social impact procuremen­t programme, an initiative announced in Budget 2021 with a budgetary allocation of RM20 million, is now open for registrati­on.

In a statement yesterday, the Malaysian Global Innovation and Creativity Centre (MaGIC) said it has been tasked to assess and validate eligible applicants for the programme.

“Through this initiative, social impact businesses, many of which are micro and small enterprise­s, can build their credential­s for future growth and investment opportunit­ies.

“This initiative by the government is aimed to boost the growth of social enterprise­s in Malaysia by supporting their innovation and job-creation roles,” said the government­linked innovation and creativity centre.

It also expects to leverage the government’s procuremen­t capacity and create positive societal and environmen­tal impacts.

The programme is anticipate­d to provide a level playing field for social impact businesses, providing them with the opportunit­y to scale up impactdriv­en solutions which in turn, would spur the social innovation ecosystem.

To further promote products, solutions and services by social impact organisati­ons, MaGIC will be listing all approved applicants on its Buy For Impact webpage (www.buyforimpa­

“This would allow the public to also support social enterprise­s by spending their ringgit in a more impactful manner.

“Solutions offered by social impact businesses include alternativ­e and affordable material for low-cost rural housing, literacy programmes for underprivi­leged youth and handicraft by indigenous communitie­s,” MaGIC said.

It said a poll conducted by the Social Enterprise World Forum revealed that 26 per cent of social enterprise­s regard supportive government policies as having the greatest impact on their sustainabi­lity.

Correspond­ingly, 18 per cent of the respondent­s said commercial and public sector procuremen­t would provide the greatest opportunit­y for social enterprise­s this year.

Registrati­on for the social impact procuremen­t programme can be made through mymagic. my/ppisk. - Bernama

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