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:

• Established product-market fit
• Earned at least RM 300,000 in revenue
• Startup at the early commercialisation stage

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.