MYCREATIVE VENTURES Sdn. Bhd. is a Government investment arm launched in September 2012 to spur Malaysia’s creative industry via strategic and innovative funding through debt or equity investments in Malaysian creative companies. RM200 million was allocated from the 2012 Malaysian Budget to help boost the creative industry’s significance to the Malaysian economy.
MyCreative will invest via equities or loans from allocated funds in viable Malaysian creative businesses and is expected to achieve the following effects:
- Job creation: Boost the attractiveness of Malaysia’s creative industry.
- Increase GDP: Increase gross income from creative industry to significantly contribute towards the country’s Gross Domestic Product.
- Elevate industry: Elevate the status of Malaysia’s creative industry via public awareness and social impact.