Malaysia’s MaGIC to admit 30 startups in third cohort of GAP

Kuala Lumpur, Malaysia. Photo: Pixabay

Malaysian Global Innovation and Creativity Center (MaGIC) will enroll 30 startups into the third cohort of its Global Accelerator Programme (GAP).

The four-month programme aims to help startups scale up across the ASEAN countries.

Each of the selected startups will be eligible to gain more than $500,000 worth of programme benefits, per the announcement.

Applications are open till May 10, 2019.

“This global accelerator exposes not only our local startups but startups from other countries too with the opportunity to work together, share learnings and different viewpoints as well as explore expansion opportunities in Southeast Asia,” said Dzuleira Abu Bakar, chief executive officer, MaGIC.

Participants in the third cohort of GAP will receive benefits from MaGIC’s partners such as Amazon Web Services, HubSpot, mentorship and industry-specific training.

They will also get marketing allowances, accommodation and a six-month professional visitor pass from MaGIC.

For the second cohort of GAP, MaGIC selected 27 startups including gift platform Camdy, e-commerce platform Cantikful, trading platform Dagang Algomecs and health beverage brand Heal Nutrition.

Startups from the second cohort collectively raised approximately RM 4 million ($969,000).

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