SHAH ALAM, 20 July 2024 – The Selangor Information Technology and Digital Economy Corporation (Sidec) is excited to announce the launch of the 7th Cohort of the Selangor Accelerator Programme (SAP24). This initiative aims to drive Malaysia tech startups towards accelerated growth, providing comprehensive support, international outreach, and expansion opportunities, positioning them for global market success.
Focused on sectors such as Artificial Intelligence(AI), Biotech, Net-Zero Solutions, Mobility, and Life Sciences, and opened up to other verticals. SAP24 runs from August to November 2024. The program includes a variety of workshops, industry visits, government connection and expert-led fundraising guidance. Applications are now open until 9 August 2024.
Participants will compete for prizes which includes mentorship, brand exposure, and business training worth up to RM250,000 in total. Finalists will need to impress a distinguished panel of judges who will select the top 20 startups for the final pitching round in October 2024.
"Our goal with SAP24 is to create an environment where startups can thrive and achieve their full potential," said Yong Kai Ping, CEO of Sidec. "We are committed to providing the necessary resources, mentorship, and opportunities to help these innovative companies succeed on a global scale. With the support of our partners, we are excited to see the transformative impact this cohort will have on the startup ecosystem."
SAP24 offers numerous benefits to participants, including international outreach and expansion opportunities, expert fundraising guidance to help startups fine-tune their strategies, connect with potential investors, and secure funding for growth.
Participants will also gain invaluable knowledge and skills through 14 comprehensive workshops covering essential areas such as business strategy, product development, marketing, legal considerations, and financial management. The program includes industry visits, allowing startups to observe established companies, learn from industry experts, identify partnership opportunities, and stay updated on market trends.
Additional perks include access to top-tier cloud services, exclusive membership in the CXO Club for networking opportunities, and the chance to showcase innovations at the prestigious 9th Selangor Smart City and Digital Economy Convention 2024, held from 16th - 19th October at Kuala Lumpur Convention Centre. Participants will also have prime spots in the Selangor Sandbox, promoting innovation and collaboration, and the opportunity to promote their services to a wide network through Sidec’s extensive database.
Since its inception, SAP has nurtured 190 startup companies, with 41% securing financing from 2018 to 2023. Notable alumni have expanded globally, including Nexmind AI, Seed Dream, Borong (commonly known as Dropee), GFI Fintech, Pomen, GoTech, GA Alliance, Entomal, Homa2U, and QMed Asia and more. Moreover, past participants have achieved a significant global footprint, extending their reach to regions including USA Silicon Valley & Washington D.C., Japan, China Taiwan, Dubai, Thailand, Vietnam, Indonesia, , and beyond.
This programme is proudly supported by our main sponsor, AFFIN and strategic payment partner, Fiuu. Their support, along with contributions from our co-organisers, Invest Selangor, and a group of supporting partners, ensures that startups receive the best possible resources, mentorship, and opportunities to scale their innovations globally.
Supporting Partners:
Yayasan Hasanah, Bioeconomy Corporation, Cradle,, MDEC, MTDC, MDV, The Hive Southeast Asia, Nvidia, Microsoft, AWS, Google, Mystartr, pitchIN,, Exabytes, EasyStore,, Leave a Nest and Worq.
This content is provided by Sidec.
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