Back for its third year now, GAP is looking to handpick 30 startups from across the world to participate in the 4 month long programme, which will be based out of the MaGIC Campus in Cyberjaya, Malaysia.
The programme is aimed at equipping local and global startups that are keen on expanding into the ASEAN market with the necessary skills, tools, and network to be investment-ready by the end of the programme.
Participants will be shortlisted based on three key criteria:
The prospect to expand into ASEAN market.
The potential of highly scalable products with growth potential.
Have launched a product/prototype with some traction.
Demonstrate that they can fully commit to the 4-month programme.
Throughout the programme, MaGIC will be equipping participants with benefits and perks worth over US $500,000 from various partners such as Amazon Web Services, HubSpot, Usability Hub and more.
The programme also provides industry-specific training, opportunities to learn from world-class mentors, corporate support, and partnerships in place with the private sector.
Participants will also be provided with co-working space, accommodation, a monthly stipend, a six (6)month professional visitor pass, and marketing allowance.
“Following the success of Cohort 2, we are eager to see the level of innovation and creativity of the applicants’ ideas we are going to receive this year. GAP was rated the “Best Accelerator Program” by ASEAN Rice Bowl Startup Awards 2017 and 2018 - that’s two (2) years in a row and we want to continue this streak. Notably, GAP is recognized for its strong regional focus with industry specific partners and mentors who are committed to the programme. This global accelerator exposes not only our local startups but startups from other countries too with the opportunity to work together, share learnings and different viewpoints as well as explore expansion opportunities in Southeast Asia. This is particularly helpful for Malaysia’s businesses as they work to better position themselves and create the mindset shift required to remain relevant in the fourth industrial revolution (IR4.0) and achieve success in the future.”, mentioned Dzuleira Abu Bakar, Chief Executive Officer of MaGIC.
Shortlisted participants will begin their four-month journey starting 6th August, before presenting their refined pitches in November at GAP's demo day, which will be attended by investors across the region.
MaGIC's previous cohort collectively raised approximately RM 4 million during the programme, comprising of startups from verticals such as e-commerce, healthcare, lifestyle, fintech, hardware & IOT, social innovation, creative, artificial intelligence and agritech.
Interested participants are also invited to attend MaGIC’s GAP Roadshow to learn more about the programme. The roadshow will travel to Penang, Kuching, Johor, Singapore, and Cyberjaya.
For more information on GAP and the roadshow, please visit mymagic.my/gap.