ScaleUp Malaysia will fund RM 200,000 into 10 chosen companies

The accelerator programme is open to companies past the ideation stage.


Syamil Faisal

2 Oct, 2019

ScaleUp Malaysia will fund RM 200,000 into 10 chosen companies | BEAMSTART News

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ScaleUp Malaysia is made up of top Malaysian Startup mentors and highly experienced entrepreneurs — acting as the external board for the companies joining the accelerator programme.

The team defined a non-typical requirement for companies to join the programme:

ScaleUp will choose 20 companies to enrol for training, and narrow them down by half for a RM 200,000 funding each, based on their:

  • Talent
  • Finance
  • Tech
  • Business model
  • Strategy

The shortlisted companies will have the opportunity to raise funds by the sixth month of the accelerator programme.

“This RM200,000 will enable them to do a few key things. For example, hire one or two key people. A lot of companies today have enough money to keep the company going but nothing extra to hire people.”
Sivapalan, founder of ScaleUp Malaysia.

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