Digital Malaysia II : Corporate Accelarator Program

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Digital Malaysia is a 3-month acceleration program for entrepreneurs with ideas in public transportation, retail, hospitality, manufacturing and lifestyle solutions on the cloud. Entrepreneurs who already have an existing enterprise in this area are also encouraged to apply. This program is in partnership with MDeC, StartupMalaysia.organd TM in line with Digital Malaysia initiative.

Eligibility Criteria :

To participate in the program, applications should meet the following criteria:
1. Open to Malaysians who have ideas in public transportation, retail, hospitality, manufacturing and lifestyle solutions on the cloud OR for existing enterprises in this area.
For existing business: The business/ enterprise must be registered in Malaysia
For new startups: The founder of the startup MUST be a Malaysian
2.Applications can be made individually or in teams
3. Must be committed to undergo the program for 90 days. Commitments required from your end: • 3 hours per week = 12 hours per month contact time.
• All contacts are with mentors and domain experts
• Founders have to work on their ventures for 30 hours per month
• Founders/Participants are not required to give up their day jobs

What is the program?
1st Month:
The founders engage the mentors and receive feedback on their product/ service. The goal is to orient the team in the correct direction, pivoting their focus, market strategy, or idea

2nd Month:
Founders work with their mentors on specific issues like customer interaction, partner opportunities, and product development

3rd Month:
Founders develop a plan for action which includes fundraising, pitching investors, launching the product, or developing a company strategy

Timeline :

Call for Entries (4 weeks) : 1-30 Nov 2013
Closing Date for Entries : 30 Nov 2013
Shorlisting I : 3 – 7 Dec 2013
Announcement of top 20 : 10 Dec 2013
Shorlisting II
Pitching Session for top 20 & Announcement of top 5 : 18 Dec 2013
3-month Acceleration Kicks-Off : 7 Jan 2014 – 7 Apr 2014

FAQs
Is it open for Malaysians ONLY?
For existing business : The business/ enterprise must be registered in Malaysia For new startups: The founder of the startup MUST be a Malaysian

Can existing businesses apply OR is it only for new startups?
You can apply with an idea or as an existing enterprise. The accelerator is designed to address the need of your business on 1-to-1 basis which means every stage will be handled differently

Do I have to be at the co-working space provided during this 3-month period?
Yes and No. Yes when there is an event or program organised for all the 5 startups to attend and for those who wants to utilise the space provided. You are not required to be there all the time.

Any questions and correspondence regarding this program should be directed to:

Ms Punitha,
Senior Manager, StartupMalaysia.org
punitha@startupmalaysia.org

Closure/ Demo Day : May 2014

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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