- A full of US$ 1 million has been provided by the first colleagues.
- Plan sets companies with corporates to explore new markets, form alliances
Nexea has announced a collaboration with Allianz General Insurance Company ( Malaysia ) Berhad, Exitra, and several other major corporations for the Startup-Corporate Matching Programme. The Venture Capital and Startup Accelerator stated in a statement that the primary goal of this collaboration is to attach startups with well-established companies and cutting-edge tech companies for possible collaboration to cultivate cutting-edge innovation in Malaysia’s business ecosystem and above.
By utilizing social knowledge, Nexea and Allianz’s combined resources and expertise, as well as Nexea’s collaboration with Exitra, help to create a powerful entrepreneurial landscape. These alliances not only utilize unique skills but also open up opportunities for creativity, growth, and achievements.
The Startup-Corporate Matching Programme, an special action by Nexea, utilizes its experience and networking to match companies with organizations for exploring new markets and forming partnerships, joint ventures, investments, and acquisitions.
” All businesses looking to work with companies should submit an application to utilize the support offered by large corporations.” Our invested startups have received revenues, millions in investments, and strong long-term partnerships with startup-friendly corporates, giving them an advantage over their competitors”, said Ben Lim ( pic ), CEO &, Founder of Nexea.
Enrolling in this programme offers startups many benefits, including securing business clients, building relationships with prospective acquirers, enhancing collaboration capabilities, and possibly achieving investments or corporate partnerships.
We’re looking forward to our fifth year of working with Nexea. We are aware of the value the business will continue to provide the Malaysian startup community. This collaboration has helped our partnership with local startups grow over the past few years,” said Sean Wang, CEO of Allianz General.
Each year, the programme matches 30 startups with 10 corporate partners, introducing each startup to five to ten corporations, which results in an average of five successful collaborations. The five-month duration of the program ensures a focused and effective partnership process. According to Nexea, past cohorts have significantly benefited, collectively securing US$ 1 million ( RM4, 500, 000 ) in funding.
Startups from a variety of industries and stages of development are invited to participate if their product( s ) are the least bit viable and their value proposition is clear. Selected startups will take part in a wide array of activities, including workshops, mentoring sessions, pitching events, and networking opportunities with corporate partners and other important stakeholders. These activities aim to encourage startups ‘ emergence and integration into the corporate world by providing them with valuable resources and connections to support their success.
Kevin Teoh, COO at Exitra, said,” Exitra’s partnership with Nexea perfectly aligns with our vision of fostering innovation and driving sustainable growth. We think we can find and invest in cutting-edge technologies and business models that will shape the future by working closely with local startups.
He added that as part of this partnership, Exitra will be actively scouting for startups with high growth potential, focusing on areas such as data-driven solutions, large language modeling, data warehousing, IoT for monitoring transparency, and industry-specific applications in healthcare, hospitality, and logistics.
The programme welcomes applications from startups across a range of sectors, such as fintech, insurtech, blockchain, e-commerce, property, FMCG, logistics, environment, waste and water management, and hospitality. The program gives entrepreneurs the chance to create innovative solutions and form valuable partnerships by connecting with over 80 businesses in these industries.
For Startups keen to learn more about the programme, visit Startup Corporate Matching Programme.