MaGIC un­veils GAP pro­gramme

New Straits Times - - Business -

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.

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