Navigating Change
APPPLICATIONS CLOSE
31st August 2022
About the programme
7 things you need to know
01
100 K USD equity funding
02
10 companies funded
03
1 month investor readiness bootcamp to prepare you for fund-raising
04
24 months support from an external Management Team (CTO, CFO, CIO, CMO, 2 CSO (that's Chief Strategy Officers!))
05
Access to networks from our private investors and partner Venture Capital firms for advice and potential follow-on investment
06
Network of Founders who have scaled their businesses globally
07
Introductions and Demo Day to curated Investors
What's Special About This Cohort
Hot off the heels of ScaleUp Malaysia's three successful cohorts, we are pleased to announce Cohort 2022! A new and improved program to meet the needs of these challenging economic times.
This time we are increasing our investment amount to US$100,000 to ensure that your startup has enough firepower to grow. What's more is that startups who successfully apply will receive indications of interest to invest within 5 weeks of filling up the application form.
ScaleUp Malaysia’s Accelerator is unique. We have combined the best of two worlds providing not just an Accelerator Program but also post-investment support. During this time, we will help you identify gaps, propose solutions and help you craft your strategy and story. What's more is that you get access to our amazing partner team of 6 individuals who are entrepreneurs, ecosystem leaders and industry veterans. Our objective is to create impact and prepare you to achieve your true potential.
We’d love to speak to hear about your amazing startup! Apply below and someone from our team will reach out soon.
Who Should Apply
Criteria for Application
01
Companies looking to scale in Malaysia, ASEAN and globally
02
Companies that can demonstrate strong product value proposition, a sizeable market and a compelling go-to-market plan
03
Companies already generating revenue
04
Companies looking to raise funding in the near future
05
Passionate and driven founder(s)
Cohort 3
Here are companies from our recently concluded Cohort 3
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For our other investee companies, click here.
Our Testimonials
Hear from some of our portfolio companies
Frequently asked questions
FAQ
Do I automatically get follow-on funding if I join the Accelerator?
Follow on funding is not automatic but you will definitely be a fore-runner because both our partner VCs and ScaleUp Malaysia teams will be working with you throughout the programme to better understand your business and vision.
How much do you invest and do you need to take equity?
Each company will receive an investment of USD 100K. We take a minority equity stake to have skin in the game. The primary goal of our investment is to help you grow your revenues so that you can achieve higher valuations for your follow-on rounds
We are a startup that hasn’t launched our product yet, are we your target company?
Unfortunately no. We are a Scaleup Accelerator. Our target segment is high growth companies with proven revenues and the potential for 100% year-on-year growth over the next 1-5 years.
We’ve already raised funding - can we still apply?
Yes. If you want better fund optimisation and achieve higher valuations when you raise your next round, then you should apply. However, we do take equity so you will need your investor’s approval if you are accepted into the program.
Do we have to pay to join the Accelerator?
No up front fees are required. We take a programme fee of $25k but only if we decide to invest in your company. This amount will come out of the investment sum and is to be used for the Accelerator programme and the continuous support provided by the ScaleUp team for 24 months. We will help you identify key areas that need to be improved and provide you with access to resources, tools and mentors to help you plug these gaps. Our private investors and ScaleUp Malaysia will provide access to expertise and networks to help you craft and execute your growth plans.This will put you in a better position to raise your follow on rounds.
We are currently in another Accelerator program. Can we still apply?
Yes that’s possible but we will have to consider the applications on a case by case basis. We believe that founders need to focus and should not juggle their time between running a business and multiple accelerators. Different Accelerators provide you with different value. Scaleup Malaysia works with companies to prepare for growth, scalability and follow-on funding, not with initial product-market fit or idea validation.
We don’t really need the money. Does it still make sense to apply?
The funds provided as investment is only a small part of what ScaleUp Malaysia provides. The money we invest will help fuel traction and revenue for subsequent rounds. ScaleUp Malaysia provides you core management support over 2 years from the time you join the Accelerator.
You will also have access to a network of successful founders who have scaled their businesses globally and who can provide insights into markets and investment opportunities.
Do you only fund companies in a particular field/industry?
No, we will consider companies in any field/industry provided there is use and/or leverage of technology for growth and the business has the potential to scale regionally.