Over $500k in benefits, MaGIC's Virtual Global Accelerator Programme will focus on startup sustainability.

Applications for the virtual accelerator programme are closing soon.

Ashley Lee

18 Jun, 2020

Over $500k in benefits, MaGIC's Virtual Global Accelerator Programme will focus on startup sustainability. | BEAMSTART News

With the pandemic devastating livelihoods across the world, entrepreneurs have a major part to play in rebuilding the economy and creating jobs.

MaGIC's Global Accelerator Programme (GAP), one of the largest accelerators in Southeast Asia, is on a mission to help entrepreneurs achieve that — by building innovative and resilient companies.

MaGIC is now accepting applications for their Virtual Global Accelerator Programme (GAP) 2020 Cohort 04, which will include support and benefits worth over USD $1 million for startup companies.

Past participants of GAP Cohort 3 in 2019

MaGIC's GAP, which is now in its 4th cohort, will be conducted fully virtual starting from September 2020.

The 3-month intensive programme will focus on equipping startups with the necessary skills, tools, and networks to build resilient companies, fundraise effectively, and scale across Southeast Asia.

These include, but are not limited to:

  • Industry-specific training, and opportunities to learn from world-class technical and business mentors.
  • A stronger route-to-market focus with extensive corporate support.
  • Partnerships in place with private sector champions.
  • Marketing allowance which can be subscribed only from GAP benefit partners
  • Access to pre-recorded curriculum content 24/7 throughout the programme
  • Potential funding opportunities via the GAP Investment Partners.
  • Startups will also receive a monthly allowance.

Participants will also receive benefits worth over USD $1 million from various programme partners.

GAP Cohort 3 concluded on Demo Day

For 2020, MaGIC has extensively revised the GAP curriculum to cater to the startups going through hardships impacted by the COVID-19 pandemic, with a focus on adaptability and sustainability.

The content of the programme has also been refined with a focus on addressing potential future challenges/risks, at the same time, leveraging on data collected during the pandemic to forecast existing and upcoming opportunities.

Extensive activities during the Programme to equip start-ups with necessary skills, tools and network

With the global economy devastated by the pandemic, MaGIC believes that Virtual GAP Cohort 04 will play a significant role in shaping startups that help in the country's recovery.

Last year, GAP Cohort 03 drew in over 1,170 applications from 68 countries across the globe. 

Applications for Virtual GAP 2020 Cohort 04 closes in 9 days, interested participants can apply via the official website here.

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