Selangor Accelerator Programme 2021 focuses on Agrotech and Fintech under new norms

• Fourth cohort to focus on Agrotech, Fintech,Greentech, e-Commerce
• 43% of past 90 SAP participants received funding post programme

The Covid-19 pandemic and subsequent Movement Control Orders (MCOs) have caused disruption to daily lives, leading society to make a rapid transition towards digitalisation and to take a new approach in business strategy.

Thus, the fourth Selangor Accelerator Programme (SAP) will focus on opportunities created under the new norms such as Agrotech, Fintech, Greentech, e-Commerce and Smart City Solutions (Proptech, Mobility & Logistics).

Registration for the programme started on 14 June and close on 14 July 2021.

Affin Bank is the first bank to be the main sponsor of SAP as part of their commitment to nurture and empower the startup segment.

The programme is also supported by strategic partner The Hive Southeast Asia, one of the eight foreign venture capitalists and local partner of the Penjana Nasional Fund (PNF) matching programme.

The SAP is a structured three-month programme that aims to prepare 30 early-stage startups into becoming investment-ready businesses. Winners this year stand a chance to win from a cash prize pool of RM50,000.

Apart from the cash prizes, participants will receive guidance from well-versed mentors in the community and learn from comprehensive workshops and gain necessary industry-related exposure.

The SAP aims to help participants in polishing not only their products and business, but their core team as well, through classes and mentors who will share knowledge, experience, and advice that will help the teams with their soft skills and pitching styles. The Selangor Information Technology and Digital Economy Corporation (Sidec) will also facilitate testing and piloting through Selangor state subsidiaries.

The programme also acts as a gateway for startups to prepare themselves for the final demo day on 11 September 2021 where they will get the chance to pitch to renowned venture capitalists, corporations and government agencies.

While the themes selected for this fourth cohort are Agrotech, Fintech, Greentech, e-Commerce and Smart City Solutions (Proptech, Mobility & Logistics), Sidec also welcomes other startups with innovative and disruptive solutions to apply.

Previous cohorts of the SAP had 90 startups nurtured, with RM56 million raised in ripple effect. 43% of the 90 SAP participants received funding –a high success rate for startups.

The top 10 winners of the 2020 SAP were:

1.      LinkUp Smart Solutions

2.      QueueMed

3.      Ejen2U

4.      Pomen

5.      HeyAlfred

6.      GA Alliance

7.      Didigo

8.      The Carpedia

9.      Footballhub

10.     Trucktrader

Due to Covid-19, the programme will be conducted online where participants will get their own dashboard for all the courses, webinars and mentoring sessions.

Interested startups are encouraged to submit their applications before the closing date. The 30 shortlisted startups will commence their programme from 28 July until 5 September 2021.

Visit http://www.sidec.com.my/sap2021 to register.