- Applications are available until August 9th, 2024.
- The program aims to promote Indonesian tech startups ‘ growth.
The 7th Cohort of the Selangor Accelerator Programme ( SAP24 ) has been announced by the Selangor Information Technology and Digital Economy Corporation ( SIDEc ) as the official launch of the program. This program aims to push Malaysia tech startups towards accelerated development, providing detailed support, global mentoring, and expansion opportunities, positioning them for international market success.
SAP24 runs from August to November 2024 and is focused on areas such as Synthetic Intelligence ( AI), Biotech, Net-Zero Solutions, Mobility, and Life Sciences but is also available to different categories. The program includes a variety of workshops, market visits, authorities connections, and expert-led funding guidance. Applications are then open until August 9th, 2024.
According to Sidec, participants will compete for prizes which includes mentorship, brand exposure, and business training worth up to US$ 53, 700 ( RM250, 000 ) in total. Finalists will need to win over a panel of judges who will choose the top 20 businesses for the last pitch circular in October 2024.
” Our purpose with SAP24 is to create an environment where companies can grow and achieve their full potential”, said Yong Kai Ping, CEO of Sidec. ” We are committed to providing the necessary tools, coaching, and opportunities to help these impressive businesses succeed on a global level. We are excited to see the revolutionary effect this group will have on the business ecosystem, with the assistance of our partners.
The program also includes business trips, allowing startups to observe established companies, learn from business experts, determine partnership opportunities, and be updated on industry trends. The opportunity to promote improvements at the exclusive 9th Selangor Smart City and Digital Economy Convention 2024, which will take place from October 16 through October 19 at the Kuala Lumpur Convention Center, comes with top-tier cloud providers, exclusive membership in the CXO Club for networking opportunities, and access to top-tier cloud providers. Individuals will also have excellent locations in the Selangor Sandbox, promoting creativity and engagement, and the opportunity to promote their services to a large community through Sidec’s collection.
According to Sidec, SAP has nurtured 190 startup companies since its inception, with 41 % securing financing from 2018 to 2023. Notable alumni have expanded globally, including Nexmind AI, Seed Dream, Borong ( commonly known as Dropee ), GFI Fintech, Pomen, GoTech, GA Alliance, Entomal, Homa2U, and QMed Asia. Also, past participants have achieved a significant global footprints, extending their reach to areas including USA Silicon Valley &, Washington D. C., Japan, China, Taiwan, Dubai, Thailand, Vietnam, Indonesia, and above.
Main partner Affin and proper pay partner Fiuu support this program. The efforts and help from Invest Selangor and a group of supporting companions ensure that businesses receive the best possible resources, coaching, and opportunities to level their innovations worldwide.