TAKE YOUR BUSINESS
TO THE NEXT LEVEL
What is ScaleUp Malaysia?
Great job so far, getting to this point.
You’ve slaved over your business, validated your market, checked your product- market-fit.
Now you are ready to scale up but you don’t have the funds or the right team to support you.
That’s where ScaleUp Malaysia Accelerator comes in.
Cohort 1 was successfully kick-offed in November 2019 and delivered even through the challenging times of the MCO, through online sessions and pitches. What a pivot!
Demo Day was concluded in July 2020 after the successful selection of the Top 10 companies.
BUILDING YOUR SOCIAL BRAND
Building a great company is hard, but you don’t have to go at it alone. We know because we are an experienced team of entrepreneurs, professionals and investors who collectively have founded 9 companies, exited 7 companies and coached a total of 1,000+ Startups and Scaleups. Here's our programme:
2X a year application cycle
20 shortlisted companies
2 months intensive deep dive gap and business analysis & networking
10 companies selected per cohort for RM200K investment
24 months external Management Team (CTO, CFO, CMO, 2 CSO (that's Chief Strategy Officers!))
2 months intensive coaching programme
1 month investor readiness bootcamp to prepare you for fund-raising
Curated exposure to investors
All 20 shortlisted companies will receive a 2 month individualised gap analysis to identify key hot-spots that need fixing. Our team and external specialists will then get to work with you to develop plans to plug these gaps so that you can start work on the scaling up part of your business.
The 10 companies that are selected for investment by our Investment Committee will then undergo an intensive period of coaching by the ScaleUp Partners and our team of Mentors and Professionals. Check out our handy infographic here. Key areas of intervention are:
Who Should Apply?
Companies that can demonstrate product-market fit
Companies already generating revenue
Passionate and driven founder(s)
ScaleUp Malaysia is the brainchild of the Founders of Proficeo, Cradle Funds’ private sector partner who conceptualised and successfully conducted the Coach & Grow Programme with an impressive track record of raising funds of over RM428 million and coaching more than 1000 Malaysian companies and 2000+ entrepreneurs in the past 10 years.
See what Proficeo Alumni say about their growth experience
Founder, Radica Software
CGP has essentially opened my mind to what is possible, growing my company by more than 30% annually, in addition to building friendship with coaches and fellow entrepreneurs that will last forever. Highly recommended.
SportBoleh and Lila are a company that is getting recognition around the world and it wouldn’t have happened without CGP and the great people there.
So just ask yourself this, when you’re wondering if you can afford the time to be involved in this programme, you should be thinking about, can you afford not to be in this programme.
So through this twelve months...we raised more than half a million in revenue, we grew five to 10 times more than we are.
And we also raised around twenty one thousand users. And just last month itself we were selected as one of top six companies to actually be in Silicon Valley America to pitch to the venture capitalists.
So, to us, it's a very great and big milestone.
How much do you invest?
Each company will receive an investment sum of RM200k. This investment should be spent on key areas of growth that are identified during the gap analysis sessions. In addition to financial investment, we invest our time, our experience and use our networks to help you grow your business exponentially.
We’ve already raised funding - can we still apply?
Yes, we are looking for companies that have validated their business ideas but need help to raise the next round of funding or help with the next growth spurt for their business. However, you will need your investor’s approval if you are accepted into the program.
We are a startup that hasn’t launched our product yet, are we your target company?
Unfortunately not, we are looking for high growth companies with proven revenues and the potential for 100% year-on-year growth over the next 1-5 years.
We have participated in another Accelerator, 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. Our Accelerator is looking to help companies with scale, growth 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 is meant to be used to fuel growth strategies and help grow traction and revenue to raise the next key investment round. We have assembled specialists and professionals who are experts in their field to help you craft and execute your growth plans. More importantly, you will receive invaluable guidance from experts, be exposed to ScaleUp Malaysia’s community of leaders as well as gain access to a curated pool of potential investors and partners.
Do you only fund companies in a particular field/industry?
No, we will consider companies in any field provided there is use and leverage of technology for growth and the business has the potential to scale regionally.