With the theme, “Accelerating Innovation for Economic Recovery”, MaGIC's GAP Cohort 5 is an improved virtual programme focused on nurturing potential startups to expedite market recovery through technological adoption and innovation.
Similar to previous cohorts, GAP's Cohort 05 will be a 3-month-long programme, and will commence in June 2021.
MaGIC's Virtual GAP Cohort 05 Benefits
To ensure startups are able to start and grow successfully, MaGIC focuses on equipping startups with the necessary skills as well as providing a platform for them to access valuable connections and resources at all times.
Virtual GAP Cohort 05 provides startups with a dedicated mentorship platform for startups with advice from over 30 mentors, market access for potential collaboration with global & regional corporates, opportunity to connect with MaGIC’s ASEAN partners, and access to potential capital from MaGIC’s ecosystem.
To take things further this year, MaGIC is introducing new interventions for Malaysian startups that graduate from GAP Cohort 05, allowing them to transition to the National Technology Innovation Sandbox (NTIS), Global Market-Fit Program (GMP), and MyStartup Hub Programme (MSH).
Startups eligible for Virtual GAP Cohort 05
To be eligible for MaGIC's GAP Cohort 5, startups must meet the following criteria:
Incorporated as a Sdn. Bhd or Pte. Ltd. company.
Must be in operation for over 1 year
Committed team of 2 - 3 members and able to complete the GAP programme.
Have launched a product with good traction
Have plans to expand across the ASEAN region
Have a highly scalable business model
MaGIC's GAP has helped 147 startups over the last 4 years
Since its inception 4 years ago, MaGIC's GAP has only accepted 4.2% of the startups who apply for the programme, making it one of the most stringent accelerator programmes in Southeast Asia.
Over the course of the four years, 147 startups graduated from GAP, generating RM310 million (~$76.6 million) in total revenue and raising RM116 million (~$28.6 million) in investments.
Some of them include Runcloud, Poladrone, SERV, Food Market Hub, Pandai, BoomGrow and many more.