Open Application : 27 June – 28 July 2024
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If you are of the following verticals, we want you!
If you are disrupting the industry not via these verticals, just click apply because we would love to know more about your groundbreaking idea!
This accelerator program represents crucial milestones in Selangor’s pursuit of promoting innovation, driving economic growth, and fostering sustainability across diverse industries. Ultimately, it contributes to the nation’s overall development.
AI-Driven
Biotech
Net-Zero Solutions
Mobility
Life Sciences
Others
About SAP24
SAP24 is centered around four significant verticals: artificial intelligence, smart mobility, bio-based solutions, and achieving net-zero status. These sectors align with present and future trends in the fields of smart cities and the digital economy.
This accelerator program represents crucial milestones in Selangor’s pursuit of promoting innovation, driving economic growth, and fostering sustainability across diverse industries. Ultimately, it contributes to the nation’s overall development.
Fundraising
Get expert guidance and support to fine-tune your fundraising strategy, connect with potential investors, and secure the funding needed for your startup’s growth and expansion.
Comprehensive Workshops
Gain invaluable knowledge and skills through 11 comprehensive workshops, covering key areas like business strategy, product development, marketing, legal considerations, and financial management.
Industry Visit
Immerse yourself in relevant industries with exclusive visits, allowing you to observe established companies, learn from industry experts, identify partnership opportunities, and stay updated on market trends.
Programme timeline
PHASE 1 : Selection
Pre-Registration
1 June 2024 - 21 June 2024
Open Application
27 June 2024 - 28 July 2024
Shortlisting
29 July 2024 - 5 August 2024
Opening ceremony
20 August 2024
PHASE 2: Acceleration
Workshop session, Pitching clinic, Industrial Visit
August - September 2024
PHASE 3: Showcase
Semi Final
5 & 6 October 2024
Final Demo Day
19 October 2024
PHASE 4: Expansion
International Outreach Expansion
November 2024
SAP’s Milestone
6
Cohorts
673
Applications
190
Startups nurtured
51
Startups successfully raised funds (34%)
60
Startups joined overseas exposure & study trips
The Perks
Over USD10K cloud service
CXO Club Member
Exhibition at 9th Selangor Smart City and Digital Economy Convention 2024
Oversea Mission
12 month Selangor Sandbox 2 hot seats
Promote your Service to Sidec 57K database
Valuation Assessment
Dedicated Designers
Eligibility & Criteria
SSM registered
company
Able to commit throughout the
3-4 months program
Able to field an Minimum Viable Product (MVP)
for evaluation
A commitment fee of RM3,000 is required from each of the shortlisted startups to participate in SAP 24. Regardless of the outcome of the semi-final or demo day accelerator program, your exhibition spot at SDEC 2024 is secured upon payment of the commitment fee and the top 10 winners stand a chance to participate in the international outreach expedition.
SAP23 Performance Highlights:
In 2023, SAP received a total of 252 applications, and the majority of the companies that applied had received prior investments.
Treedots
Series A funding USD 14.4 million
ReSkills
Raised a total of RM 7.5 million
BYOND Tech
Raised a total of RM 7.5 million
Aliments
Acquired by Grab Holdings for RM 25 million
MIW
Raising funds through the ECF platform. Seeking an amount ranging from RM1 million to 4 million
IGI
Raising funds through the ECF platform. Seeking an amount ranging from RM1 million to 4 million
Tech Up Advance
Raise fund by Institutional Funder Singapore
Wysetime Technologies
Funded from CIP Spark by Cradle
The SAP23 has been an important stepping stone for Tech Up’s progress. It’s a platform that provides invaluable mentorship, networking, and enabler to global growth opportunities
I am grateful to have participated in the Selangor Accelerator Programme (SAP23), a 3-month program that offered unparalleled opportunities for growth and learning. The program included comprehensive workshops, industry visits, and mentoring sessions, providing a safe space for founders and CEOs to grow and thrive
Being part of SAP has opened up opportunities for us at carching, both locally and beyond borders. We have definitely benefited from the support given by the passionate team at SIDEC and Selangor.
Frequently Asked Questions
What is the Selangor Accelerator Programme?
The Selangor Accelerator Programme (SAP) is a structured 3-month programme that aims to assist startups in the early stage, defined as startups that have not gone for Series A funding. The SAP wishes to help these budding startups in polishing not only their product and business, but their core team as well, through workshops and mentors that will share knowledge, experience, and advice that will help the teams with their soft skills and pitching styles as well.
The SAP also acts as a gateway for startups to prepare themselves for the final demo day. During the final demo day, the Top 5 will stand a chance to win from a cash prize pool of RM50,000.
When do applications begin?
Submissions can be sent anytime from the 25th of June to the 26th of July 2024. As long as you have met all the requirements, why not apply? Aspiring applicants have until 6.00 pm on the 26th of July to register!
How do we join the SAP?
Please prepare a PDF copy of your startup’s Form 9 (Certificate of Incorporation) or Form D (Certificate of Registration of Business) and include a 5-page pitch deck in PDF format.
Is there any fees?
There is no payment for registration to join SAP 2024.
However, selected startups that are qualified to participate in the Final Demo Day during the Selangor Smart City and Digital Economy Convention (SDEC) 2024 are required to pay RM3,000 to exhibit and set up a booth during the SDEC event, and top winners stand a chance to participate in the international outreach expedition.
Overall, the benefits and perks given as part of the programme are worth more than RM40,000 (mentorship, pitching clinics, one-to-one office hour consultation, workshops) – and they are all for you!
Who can join SAP?
All tech startups that meet the criteria are most welcome to apply, which include startups based on New or Emerging Technologies.
However, Artificial Intelligence, Biotechnology, Net-Zero, Mobility & Life Sciences startups will be given more consideration during the application process.
What are the requirements?
Startups must be:
1. Incorporated in Malaysia.
2. An early-stage (pre-seed or seed) startup established in less than 3 years.
3. Have an MVP or Beta version of their offering.
4. Able to commit two members to join the programme (Two co-founders, or the founder and a core member).
5. Able to commit to the 3-month-long programme
However, artificial intelligence, biotechnology, net-zero and mobility startups will be given more consideration during the application process.
Are we allowed to submit more than one application?
Yes. However, do take note that only one application will be selected in the event of multiple applications.
When/how will we be notified if our company/project makes the shortlist?
The 50 shortlisted companies will be notified via email and SMS.
We still have some questions about the SAP. How can we get more details?
Feel free to contact us at startup@sidec.com.my. We will get back to you as soon as we can!
