Deadline: 31-Jul-21
Applications are now open for the Corporate Accelerator Programme Funds Startups to help support early-stage technology-based startups, SMEs, or spin-off companies from universities or research institutes.
It is a programme designed to help early startups with growth scaleups in order to achieve explosive growth by leveraging their best investors, corporates and support partners in Malaysia.
Their Investment Stages
- Idea to Revenue Stage: RM50k
- To be eligible for this, you need to be MVP or prototype ready with sufficient features and usage for them to test! You valuation must be between RM625,000 to RM1,000,000.
- Growth and Scaling Stage (Scaleups): Up To RM250k
- Your Startup must be making minimum of RM100k in revenues. Valuations must be a minimum of RM1,000,000 to RM50,000,000 valuation. This will serve as a first investment, and follow-on funding will come in after the Accelerator programme ends.
- Post Accelerator Funding: Up To RM1,000,000
- They usually do follow-on funding with their Accelerator Startups 1-3 months after the Accelerator programme ends. In the past, they have given RM100k to 300k to Startups. This year, they plan to increase this amount up to RM1,000,000 for Scaleups.
Startups are also offered grants from agencies like Cradle. The CIP Ignite is designed as a conditional grant of up to RM500,000 to help support early stage technology based startups, SMES or spin-off companies from universities or research institutes. There are also matching investments from other government agencies as well that we could connect your Startup with.
Benefits
- Equity for mentors, partners, experts, and cash
- The Startup Accelerator provides Startups with millions worth of Partner Benefits, RM50,000 to RM250,000 Cash and Mentorship during the program in exchange for Equity. They also provide up to RM1,000,000 in follow-on investments after the Accelerator programme ends.
- This was decided as a solution to the complexity in agreeing on the valuation of idea-stage Startups so that they can get on with building great companies.
- It also acts as a transparent idea-stage funding deal for all their Accelerator Startups
- 2 + 3 Month Personalized Accelerator Program
- They guide Startups through a 2 + 3 month program with the goal that most Startups will be able to raise funds at the end of the program.
- This is done by improving traction, strategy, and the other fundamentals of a Startup with the guidance of mentors and experts. They also have a strong focus on validating the market, product and revenue of the startup.
- Improving these attributes of any Startup sends the right signals for any Investor to be very interested in your Startup.
- Real Mentors
- Their Startup accelerator mentors are real businessmen that have exit/sold their business or currently run a public listed company. Most of them have experienced running a company from scratch to finish. Their mentors are also Angel Investors in Malaysia, so they are able to provide the best insights from the investment community.
- Their mentors provide Startups with a network of CEO-level connections across Malaysia, huge knowledge & experience base, and intense, dedicated mentoring sessions
Program Requirements
- Scalable Tech Startup: Your business model should be scalable to be able to grow exponentially in the long term (we do not accept traditional businesses)
- Disruptive Nature: Your solution should be 10x better (figuratively) than the current best solution in the market to allow for disruption
- Market Size: Your Startup should have the potential to scale to more than 100M in Revenues minimum in a span of 5 to 10 years
- Based in Malaysia: For mentoring purposes, we only accept Malaysia based companies where a majority of the team is local
Eligibility Criteria
- They are currently only looking for startups that are based in Malaysia as to ensure more direct contact with their mentors.
For more information, visit https://corporateaccelerator.org/investments/
