Round I Judging Results are out, check your emails!
About the Program
This is a 3-month acceleration program for entrepreneurs with ideas in cloud solutions, solutions for SMEs and consumer applications (i.e. public transportation solutions, internet advertising solutions, cashless payment solutions, retail solutions, hospitality solutions, manufacturing solutions). Entrepreneurs who already have an existing enterprise in this area are also encouraged to apply. This program is in partnership with MDeC, StartupMalaysia.org and TM in line with Digital Malaysia initiative.
To participate in the program, applications should meet the following criteria:
Open to Malaysians who have ideas in cloud solutions, solutions for SME's and consumer applications (i.e. public transportation solutions, internet advertising solutions, cashless payment solutions, retail solutions, hospitality solutions, manufacturing solutions) OR for existing enterprises in this area.
For existing business: The business/ enterprise must be registered in Malaysia
For new startups: The founder of the startup MUST be a Malaysian
- Applications can be made individually or in teams
Must be committed to undergo the program for 90 days. Commitments required from your end: • 3 hours per week = 12 hours per month contact time
• All contacts are with mentors and domain experts
• Founders have to work on their ventures for 30 hours per month
• Founders/Participants are not required to give up their day jobs
Selection Process & Program Content
The founders engage the mentors and receive feedback on their product/ service. The goal is to orient the team in the correct direction, pivoting their focus, market strategy, or idea
Founders work with their mentors on specific issues like customer interaction, partner opportunities, and product development
Founders develop a plan for action which includes fundraising, pitching investors, launching the product, or developing a company strategy
A summary of the important dates are as follows:
|Launch Event & Call for Entries (4 weeks)||1 Nov 2012|
|Closing Date for Entries||30 Nov 2012|
|Shorlisting I||3 – 7 Dec 2012|
|Announcement of top 15||10 Dec 2012|
Pitching Session for top 15 & Announcement of top 5
|18 Dec 2012|
|3-month Acceleration Kicks-Off||7 Jan 2013 – 7 Apr 2013|
|1st Month Evaluation/ Feedback||11 Jan 2013|
|2nd Month Evaluation/ Feedback||13 Feb 2013|
|3rd Month Evaluation/ Feedback||13 March 2013|
|Final Evaluation||15 April 2013|
Deadline: 30th November 2012 (by 5pm)
Online Form can be accessed HERE
Frequently Asked Questions (FAQs)
Is it open for Malaysians ONLY?
For existing business : The business/ enterprise must be registered in Malaysia For new startups: The founder of the startup MUST be a Malaysian
Can existing businesses apply OR is it only for new startups?
You can apply with an idea or as an existing enterprise. The accelerator is designed to address the need of your business on 1-to-1 basis which means every stage will be handled differently
Do I have to be at the co-working space provided during this 3-month period?
Yes and No. Yes when there is an event or program organised for all the 5 startups to attend and for those who wants to utilise the space provided. You are not required to be there all the time.
Any questions and correspondence regarding this program should be directed to:
Programme Director, StartupMalaysia.org
"StartupMalaysia.org at its sole discretion may choose not to disclose certain information in a response to any question or query, if in our view such details would affect the fairness or transparency of the selection process for the program or convey an undue advantage to an applicant.
StartupMalaysia.org also reserves the right to disclose to all other applicants an answer or clarification to a question from an applicant in the interest of fairness, objectivity, and transparency of this program."