MYStartup is bringing back the Accelerator Programme for Cohort 2 following the success of Cohort 1 during its launch in June earlier this year.
Cohort 1 graduated with a Demo Day event held on 4 November 2022, where the top 10 startups pitched their products and services to a panel of investors to secure investment opportunities.
The Day concluded with two announcements – 6 startups that received a total of RM1.57 million in investments from 17 angel investors and top 5 best startups that were selected to participate in the exclusive MYStartup Accelerator Immersion Programme.
The Accelerator Programme for Cohort 2 will commence with registration from 14 November 2022 to 9 January 2023. To meet the criteria for the Accelerator Programme, your startup must be:
- an incorporated company in Malaysia; (ii) a tech startup with a scalable nature; (iii) in the stage of MVP or revenue-generating; and (iv) looking to expand regionally and globally.
Following this, successful candidates will be selected to undergo MYStartup Accelerator’s six-month intensive enrichment programme that will support and bring value to early-stage startups by giving them access to experienced mentors, interactive workshops, and masterclasses by industry experts to help them scale their businesses.
“The success of Cohort 1 has validated our impact on the Malaysian startup ecosystem. As we strive to become one of the best ecosystems regionally and globally, we endeavour to continue providing local startups with world-class mentorship, guidance, funding opportunities and access to resources worth up to RM2 million through the MYStartup Accelerator Programme”, said Ahmad Kashfi Alwi, Senior Vice President of Ecosystem Development, Cradle.
The top 5 best startups of Cohort 1 selected for immersion programme include:
- Cult Creative – Network platform that matches creatives with employers through data technology.
- Troopers – HR solutions platform for jobseekers to find reliable work opportunities and track their progress, and for hiring managers to review current statuses of employees.
- HeyProp – Real estate platform that guarantees the sales of customers’ subscale homes.
- Krenovator – Tech talent platform that bridges that gaps of tech talent shortages in the industry.
- Products2U – Mobile app platform that allows offline stores and communities the opportunity to sell online.
Shermaine Wong, founder of Cult Creative, said: “Aside from investment and funding opportunities, it is with the mentorship and real-world experience brought in by the Accelerator Programme that provided us with the chance to be where we are today”.
“We’re excited to be one of the very few selected for the Overseas Immersion Programme, where we will be engaging with a range of potential partners from across the globe,” added Shermaine.
The programme’s Cohort 2 will commence on 14 November 2022, targeting a more comprehensive range of technology verticals. Join the MYStartup community and gain access to a valuable range of resources – from mentors to collaborators and investors. To register, simply log on to www.mystartup.gov.my
MYStartup Strategy is a national initiative by the Ministry of Science, Technology and Innovation (MOSTI) and driven by Cradle Fund Sdn Bhd. It consists of several programmes which aim to strengthen the startup ecosystem and community in Malaysia such as MYStartup Roadshow, MYHackathon, MYStartup Pre-Accelerator, MYStartup Accelerator, MYStartup Internship and MYStartup Mentorship.
The programmes aim to ensure startups are thoroughly guided starting from the ideation stage, trained, supported and opportunity to highlight their company profile to attract foreign investors.
