MyCreative Ventures is a government investment arm designed to spur Malaysia’s creative industry via viable and innovative funding in the form of equity or debt investments.
The Company was incorporated on the 20th of April 2012 under the Malaysian Companies Act 1965 by the Minister of Finance Incorporated (‘MOF(Inc)’) and now reports to the Ministry of Multimedia and Communications.
From the allocated funds, MyCreative invests via equities and gives out loans to potential and viable creative Malaysian businesses with a mission to achieve the following effects:
1. Boost the attractiveness of Malaysia’s creative industry by job creation;
2. Increase gross income from Malaysia’s creative industry to significantly contribute to the country’s Gross Domestic Product (GDP); and
3. Elevate the status of Malaysia’s creative industry via public awareness and social impact
Private Debt funding requires Malaysian-owned businesses operating under a Sendirian Berhad entity to be incorporated in Malaysia with minimum RM20,000 paid-up capital & at least one year in operation. Private Equity requires a minimum three years business track record.
MyCreative supports creative businesses from:
1. Visual Arts
2. Performing Arts
3. Music
4. Literature
5. Content Creation
6. Fashion
7. Traditional Arts
8. Design
9. Culinary Arts
10. Creative Education
MyCreative Group continues to support the creative industries with the introduction of its subsidiaries CENDANA and RIUH in 2017.
RIUH, a wholly-owned subsidiary of MyCreative Ventures is a curated creative platform that hosts an eclectic array of pop-up stores, international and local food, creative workshops, showcases and live acts on a regular basis.
The Economic Development Agency of Cultural Art or CENDANA is a division under MyCreative that develops and promotes Malaysia’s cultural economy. CENDANA aspires to elevate Malaysian arts and showcase its diverse beauty on the local, regional and global stage.