MaGIC’s Accelerator Programme grooms firms to be investment-ready in 4 months (Update)

CYBERJAYA: The upcoming Malaysian Global Innovation and Creativity Centre (MaGIC) Accelerator Programme (MAP), dubbed the largest accelerator in South-East Asia, will enable companies to be investment-ready in four months.

MaGIC chief executive officer Cheryl Yeoh said the MAP, scheduled in July this year, had received 960 applications from 20 countries to-date. Of the applications, 640 were the Asean Track and 320 for Social Entrepreneurship Track.

“Accelerators give companies access to expert advice, vital connections and a community that knows what it is like to build something from nothing,” she told reporters at the launch of MaGIC’s Impact Report here, on Tuesday.

The report highlights MaGIC’s roadmap updates, progress of ongoing programmes and cross-collaboration initiatives since its inception in April 2014.

In addition to the launch, the Multimedia Development Corp (MDeC) has announced the introduction of MSC (Multimedia Super Corridor) Malaysia for Startups programme to facilitate and accelerate local startups in obtaining the MSC Malaysia status.

MDeC chief executive officer Datuk Yasmin Mahmood said the programme also served as an alternative route for young companies to attain MSC Malaysia Status without being obliged to location requirements. - Bernama

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