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).

Also Read:

Malaysia: Cradle Seed Ventures’ Dzuleira joins MaGIC as CEO

Malaysia’s MaGIC scouts for Vietnamese startups for accelerator programme

Malaysian accelerator 1337 Ventures invests in 3 PH startups

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.