Global Accelerator Program by MaGIC
MHub is one of the startups that’ve been shortlisted from 947 applications from 47 countries in The MaGIC Global Accelerator Program (GAP).
The MaGIC Global Accelerator Program (GAP) is an “evolution” of the institution’s original accelerator programme.
The Malaysian Global Innovation & Creativity Centre (MaGIC) today announced the 56 startups participating in its Global Accelerator Program (GAP).
Launched in March 2017, GAP is dubbed as the “evolution” of the institution’s original accelerator programme, which has been run for three times with the participation of Malaysian and regional startups.
Set to be held from July to October 2017 at MaGIC Campus in Cyberjaya, the programme said that it has received 947 applications from 47 countries in North America, Europe, Africa, and the Middle East.
The top 56 startups (with 70 per cent of them being Malaysian startups) are chosen based on three criteria: Prospect to expand in the ASEAN market, potential of highly scalable products, and readiness for early stage investment.
MaGIC also encouraged participating startups to integrate social mission into their business, as stated by MaGIC CEO Ashran Dato’ Ghazi in a press statement.
“We believe in striking a balance between financial profit with human, social, and environmental values to drive real change. This is why we are encouraging our participants to have a social mission and teach them how to design and drive sustainable business growth,” Ghazi said.
GAP divided its curriculum into nine industry verticals and each startup can choose to participate in up to two verticals from the list: creative and lifestyle, mobile, healthcare, smart cities, e-commerce, education, finance, social innovation, and supply chain.
MaGIC will help the startups by identifying the target market and building the right product, measuring the right metrics to drive the required outcomes, positioning for local expansion and regional growth, and getting them ready for Demo Day and investors.
MHub: An all-in-one integrated platform that links stakeholders in the real estate and banking sector to facilitate mortgage transactions.