Accelerating Growth in new times
Watch THE LAUNCH VIDEO
Cohort 3 applications are now closed.
About the programme
8 things you need to know
Up to 20 shortlisted companies
2 months intensive deep business analysis, coaching & networking
1 month investor readiness bootcamp to prepare you for fund-raising
Up to 10 companies selected for RM250K investment from VCs
24 months support from an external Management Team (CTO, CFO, CIO, CMO, 2 CSO (that's Chief Strategy Officers!))
Access to networks from our partner Venture Capital firms for advice and potential follow-on investment
Network of Founders who have scaled their businesses globally
Introductions and Demo Day to curated Investors
What's Special About This Cohort
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. We also believe that selection for investment should not be rushed. So, even though the target investment is for up to 10 companies, we shortlist twice that number so that we have time to understand your true potential. We take the time to get to know the founders and the business before investment decisions are made. During this time, we will help you identify gaps, propose solutions and help you craft your strategy and story. Our objective is to create impact not just to you but also the Malaysian Startup Ecosystem so that even if you don’t receive investment from our investors, we will help you become investment ready.
For Cohort 3, we are partnering with not just 1 but 2 (TWO!) international VCs. Collectively these firms bring access to partners, investors and other networks in South East Asia and the United States of America.
In Cohort 3, MaGIC has come aboard as our official programme partner to leverage the resources implemented by the government in the National Technology Innovation Sandbox (NTIS), the Global Market-Fit Program (GMP) and others.
Who Should Apply
Criteria for Application
Companies looking to scale in Malaysia, ASEAN and globally
Companies that can demonstrate product-market fit
Companies already generating revenue
Companies looking to raise funding in the near future
Passionate and driven founder(s)
Our PrograMME BRIEF
Frequently asked questions
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.
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 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.
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.
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.
How much do you invest?
Each company will receive an investment of RM250k. We help you identify key areas that need to be optimised and provide you with the investment to help you plug these gaps. 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.
Some Accelerator programmes do not take equity funding. Do I need to give up equity to join this Accelerator?
Yes. We take a minority equity stake to have skin in the game. Partner VCs and ScaleUp Malaysia teams will provide access to expertise and networks to support you for 24 months. We have assembled professionals who are experts in their field to help you craft and execute your growth plans. You will also gain access to a curated network of investors for follow on rounds.