Entrepreneur

MaGIC’s Accelerator Kicks Off 3rd Cohort With 75 Shortlisted Out Of 824 Applications

The largest accelerator programme in Southeast Asia returned with its 3rd edition, earlier this week. The MaGIC Accelerator Programme has seen past successes in its previous 2 cohorts, and this edition saw them receiving a total of 824 applications from 30 countries but only 75 were shortlisted.

The accelerator programme is currently being held for a duration of 4 months and will run in 2 different streams: the ASEAN Track and the Social Entrepreneurship (SE) Track. MAP is a favourite due to its structured curriculum which focuses on local and regional markets, while also being backed by a large pool of mentors and coaches at the same time.

Image Credit: Malaysian Global Innovation and Creativity Centre
Image Credit: Malaysian Global Innovation and Creativity Centre

For participants of the MAP SE Track, this year’s batch are seen striving to solve crucial social issues in the following sectors: healthcare (24%), environment resource management (20%), sustainable products and commerce (20%), education (20%) and last but not least, community development through food and beverages (16%).

The ASEAN Track are focused on nine main sectors: professional services (20%), lifestyle (18%), online marketplace (18%), enterprise solutions (14%), education (8%), financial technology (6%), community services (6%), technology solutions (4%) and logistics (4%).

Building Community Of Gamechangers

Image Credit: Malaysian Global Innovation and Creativity Centre
Image Credit: Malaysian Global Innovation and Creativity Centre

Chief Executive Officer of MaGIC, Ashran Dato’ Ghazi, said, “Following the success of Cohort 2 at the Demo Day earlier this month we’re excited to welcome the third cohort into MAP.  That the programme continues to be so popular both here in Malaysia and overseas is testament to the efforts that the team dedicate to supporting participants as they move to the next stage in their startup journey.

MAP is a critical part of MaGIC’s efforts to inspire a new wave of entrepreneurs—through this program we want to empower creativity and innovation, as well as foster the spirit of entrepreneurship for everyone involved.”

During the programme which will run from 24 August 2016 to 24 November 2016 at the MaGIC Campus in Cyberjaya, MaGIC will provide participants with benefits worth over USD400,000. Participants will also gain the opportunity to learn from world-class mentors; have direct access to route-to-market partners—such as Axiata, Digi, Maxis, Maybank, Accenture—as well as visas, monthly stipends, return flights, accommodation and working spaces.

For more information on the MAP, please visit accelerator.mymagic.my.

Also Read: 3 Things To Grow Social Enterprises In M’sia, According To MaGIC’s SE Executive Director

Feature Image Credit: https://www.instagram.com/magic_cyberjaya/

 

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