NOT all startups are about chasing the next innovative technology, as some are looking to make real, positive change.
Realising this, the Entrepreneur Development and Cooperatives Ministry (Medac) and its agency, the Malaysian Global Innovation & Creativity Centre (MaGIC), have developed a framework for such startups to be recognised as social enterprises.
To qualify, a company would not only have to prove that it’s effecting positive change but that it’s also self-sustaining, having an income that’s not entirely dependent on donors or grants.
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