Latest news with #MusicPerformanceFund
The Sun
14 hours ago
- Business
- The Sun
37 CEMI applications received as of June 12
SANDAKAN: The Concert and Event in Malaysia Incentives (CEMI), a financial rebate initiative introduced by the Communications Ministry through MyCreative Ventures (MyCV) on May 15, has received 37 applications as of June 12, said Deputy Communications Minister Teo Nie Ching. She stated that the government had allocated RM10 million for CEMI to boost the local creative industry through strategic partnerships in concert and event management nationwide. 'I strongly encourage industry players, especially those in Sabah, to take this opportunity and apply for the incentive before the application deadline on July 10, 2025. 'CEMI covers two types of applications for concerts and events featuring international or local artistes. The incentive aims to support the organisation of large-scale concerts and music events for 15,000 people and more,' she told reporters after opening the 'Ask Me Anything' road tour for the 2025 Creative Content Fund (DKK) – Music Industry by MYCV here today. She noted that the growth of the concert industry in Malaysia has generated significant returns for the country, prompting the introduction of the incentive. 'In 2023, a total of 335 international concerts were held in Malaysia, contributing over RM498 million to the national economy. In 2024, this number rose to 408 international concerts, generating RM553 million in returns,' she said. Meanwhile, Teo urged the arts and creative community in Sabah and Sarawak to apply for the DKK provided by the government as part of efforts to develop a competitive and impactful music industry. 'The government has allocated RM6.3 million for DKK. Three DKK programmes are being actively implemented, including the Music Performance Fund, which is open for applications until June 30,' she said, adding the deadline for the International Marketing and Promotion Fund and the Domestic Marketing and Promotion Fund is on Dec 1. 'Applications can be submitted via the MyCV portal,' she said. Teo said today's programme is part of an initiative to reach out to the local arts and creative community and encourage them to apply for the DKK. At the event, the Sandakan Creative Arts and Local Musicians Association received RM80,000 under DKK's Music Performance Fund to host the Sandakan Nature City Loud Festival 2025 next month.
The Sun
30-04-2025
- Business
- The Sun
MyCreative allocates RM13mil to boost creative arts industry
PUTRAJAYA: The Ministry of Communications, through MyCreative Ventures (MyCreative), has allocated RM13 million this year under the Music Industry Creative Content Fund and the Matching Grant Scheme to support Malaysia's creative arts industry players. Minister Datuk Fahmi Fadzil said that the applications for the Creative Content Fund are now open, offering three categories of funding, namely the Music Performance Fund, which closes on June 11, as well as the International Marketing and Promotion Fund, and the Domestic Marketing and Promotion Fund, which are open year-round. 'To date, RM23 million from the Music Industry Creative Content Fund has been disbursed to 223 recipients, supporting them based on merit, feasibility, and the market potential of each project, with the aim of strengthening the country's music ecosystem.' Fahmi, who is also MADANI Government spokesperson, said this at his weekly press conference after the Cabinet meeting today. He said for the Matching Grant Scheme 2025, which also opened for applications today, MyCreative is offering 1-to-1 matching grants of up to RM250,000 for each successful proposal. Fahmi said that among the key requirements for the matching grant is that projects must be owned by registered entities in Malaysia's creative industry and must fall under performing arts, visual arts, crafts, music, digital creative content, or interdisciplinary arts. 'Applications from creative sectors beyond those directly supported by MyCreative will also be considered, provided they meet the programme's criteria and objectives,' he added. Further information and application details for the fund and matching grant are available at MyCreative is a government investment arm to spur Malaysia's creative industry via strategic and innovative funding in a form of equity or debt investments.
The Sun
30-04-2025
- Business
- The Sun
MyCreative allocates RM13 million to boost local creative arts industry
PUTRAJAYA: The Ministry of Communications, through MyCreative Ventures (MyCreative), has allocated RM13 million this year under the Music Industry Creative Content Fund and the Matching Grant Scheme to support Malaysia's creative arts industry players. Minister Datuk Fahmi Fadzil said that the applications for the Creative Content Fund are now open, offering three categories of funding, namely the Music Performance Fund, which closes on June 11, as well as the International Marketing and Promotion Fund, and the Domestic Marketing and Promotion Fund, which are open year-round. 'To date, RM23 million from the Music Industry Creative Content Fund has been disbursed to 223 recipients, supporting them based on merit, feasibility, and the market potential of each project, with the aim of strengthening the country's music ecosystem.' Fahmi, who is also MADANI Government spokesperson, said this at his weekly press conference after the Cabinet meeting today. He said for the Matching Grant Scheme 2025, which also opened for applications today, MyCreative is offering 1-to-1 matching grants of up to RM250,000 for each successful proposal. Fahmi said that among the key requirements for the matching grant is that projects must be owned by registered entities in Malaysia's creative industry and must fall under performing arts, visual arts, crafts, music, digital creative content, or interdisciplinary arts. 'Applications from creative sectors beyond those directly supported by MyCreative will also be considered, provided they meet the programme's criteria and objectives,' he added. Further information and application details for the fund and matching grant are available at MyCreative is a government investment arm to spur Malaysia's creative industry via strategic and innovative funding in a form of equity or debt investments.
