Fancy turning your startup into a money making machine? Consider joining Malaysia’s MaGIC Accelerator Program to be held in Cyberjaya near Kuala Lumpur this July 2015.
There are plenty of startups in Malaysia and around the region which have great potentials but died a natural death due to lack of support or funding from investors. If you already own a startup and wanting to take it to the next level, then you should consider signing up for MaGIC’s Accelerator Program in Malaysia.
MaGIC, the abbreviation for Malaysian Global Innovation and Creativity Centre, is a Malaysian government owned company under the Ministry of Finance which aspires to make Malaysia as the startup capital of Asia. They have a Silicone Valley type of facility in Cyberjaya which is located about 35km South of Kuala Lumpur. MaGIC was launched in April 2014 by US President Barack Obama during his visit to Malaysia. There are already a bunch of cool startups running their operations in MaGIC.
This July, MaGIC is organising the first ever ASEAN startup accelerator program; taking in 30 Malaysian and 20 ASEAN startups:
The MaGIC ASEAN Startup Accelerator is the largest program in South East Asia to grow regionally-focused startups. The four-month program is fully funded by MaGIC and participants will benefit from some of the best instructors, mentors and industry experts from all around the world.
Selected startups are entitled with a bunch of benefits such as monthly allowance and free accommodation. More importantly, participants are able to learn from world-class mentors. If you’re from one of the South East Asian countries, you’ll also be getting up to RM1,000 (~US$300) flight reimbursement. Visa and Professional Visit Pass (PVP) will be sorted out for you.
This program will give you the opportunity to focus on your product development and user acquistion. I also believe that you need to establish relationships to support your startup so this will be an ideal venue for you to execute this. Towards the end of the four-month program, there will be a Demo Day which gives you the opportunity to pitch your product or service to regional and global investors.
In order for your startup to be considered for the program, you and your other team members must be able to commit full time to the program. Your product or prototype should have a validated traction already and it’s also crucial that your startup is highly scalable with large growth potential.
If you believe your startup has fulfilled all the basic criteria above then head to the link below and sign up for your interest. The application begins April 1 and you’ll be getting all the details of this exciting program.