MaGIC unveils GAP programme
KUALA LUMPUR: Malaysian Global Innovation & Creativity Centre (MaGIC) has launched a new global accelerator programme (GAP) set to commence in July with the participation of 80 local, regional and global startups.
Chief executive officer Ashran Ghazi said after witnessing strong global interest in its Asean and social entrepreneurship accelerators last year, it decided to evolve the programme and take it to the global stage.
“This programme could be a great springboard for global entrepreneurs looking to expand and grow in Southeast Asia as well as helping local entrepreneurs take their concepts out to the region,” he said.
During the four-month programme, Ashran said MaGIC will provide 80 startups with benefits worth over US$400,000 (RM1.78 million) from Microsoft, Amazon Web Services, 123 RF and PiktoChart, as well as an opportunity to learn from world-class mentors and investors.
Applications for GAP opened on Friday. Participants will be short-listed based on three key criteria: prospect to expand regionally and globally, potential of highly scalable products with large growth potential, and possibility of a market-ready product with some traction.
Ideal startups would be less than three years old with diverse skill sets. Short-listed participants will begin their four-month journey on July 4, before presenting their ideas in October.
Interested participants are invited to attend MaGIC’s GAP roadshow to learn more about the programme.
The roadshow will travel to Ipoh, Penang, Kuching, Cyberjaya and Kuala Lumpur before visiting Singapore, South Korea, Vietnam, Thailand, Australia, Taiwan, Hong Kong, India, Sri Lanka, France, Germany and the United States.