The Securities Commission Malaysia (SC) is inviting global applications for the second cohort of its FIKRA ACE Accelerator programme, part of the FIKRA ACE initiative.
Launched in 2023, FIKRA ACE1 is a three-year initiative aimed at advancing the Islamic Capital Market (ICM) through innovative Islamic fintech solutions. The programme comprises an Accelerator, Circle and Excel components.
Following the success of the first cohort last year, the SC is now inviting applications for its 2024 cohort. FIKRA Accelerator provides a platform for startups to develop innovative solutions, from ideation to minimum-viable products.
The eight-week structured programme consists of workshops, mentorship, networking activities, and funding facilitation.
The accelerator programme is expected to start in August. It is opened to individuals or companies with less than three years market presence. Applications are open to both local and international applicants.
The Malaysia Digital Economy Corporation (MDEC) is the strategic local ecosystem partner for the programme. MDEC will continue to support startups participating in the programme with the infrastructure, resources, and market knowledge to scale their businesses more effectively.
The SC will also collaborate with the Islamic Development Bank as the global ecosystem partner, to help enrich contents of the programme with international insights and perspectives.
FIKRA was launched in 2021 as part of the SC’s initiative to enhance the ICM ecosystem. In continuation, the SC is now organizing FIKRA ACE, a three-year initiative to facilitate the development of Islamic fintech through a structured approach.
The two previous winners were Global Psytech, which focused on building a credibility scoring system for Islamic finance, social finance, and financial inclusion as well as Pewarisan, a fintech startup providing solutions for Islamic inheritance planning.
Those interested are encouraged to register from today until 31 July 2024 at https://www.sc.com.my/fikra-ace/accelerator.
