KUALA LUMPUR, 23 October 2023 – The Selangor Information Technology and Digital Economy Corporation (Sidec) crowned 10 startups as the champions of the Selangor Accelerator Programme (SAP) 2023, solidifying their status as trailblazers in the region’s burgeoning technology and entrepreneurship scene. The Programme’s much-anticipated Final Demo Day was the culmination of the 8th Selangor Smart City & Digital Economy Convention (SDEC) 2023 event, where 20 innovative startups participated in showcasing their cutting-edge solutions to a diverse audience of investors, industry experts, and potential partners.
- Aiming to drive transformative impact, the Selangor Accelerator Programme (SAP) 23 Demo Day featured an evolutionary line-up of 20 innovative startups.
- Following two months of intensive rounds of selection processes and participation in various entrepreneurship and mentorship initiatives, the victors will be awarded a portion of the RM200,000 in prizes and an overseas trip.
Chosen under two categories, the winners are:
Artificial Intelligence (AI):
- Reskills Edtech Sdn Bhd
- Dreamory Entertainment Group Sdn Bhd
- Biib – Neupulse Sdn Bhd
- Mysyarikat – Byond Tech Global Berhad
- Gotechup – Tech Up Advance Sdn Bhd
- MAEKO – Mentari Alam EKO (M) Sdn Bhd
- BRAINTREE TECHNOLOGIES – Braintree Technologies Sdn. Bhd.
- MIDWEST COMPOSITES – Midwest Composites Sdn Bhd
- ULTIMEAT – ULTIMEAT (M) SDN. BHD.
- BIO TREE PHARMACEUTICAL – Bio Tree Pharmaceutical (Int’l) Sdn Bhd
The winners will be sharing a pool of RM200,000 prize money, global recognition, an overseas trip, and invaluable business networking investment opportunities.
The 6th Cohort of SAP23 unveils Selangor’s unwavering commitment to driving innovation within startups, placing a spotlight on verticals including Sustainability Impact, Healthtech, Agritech, and the newly added realms of Artificial Intelligence (AI) and Biotech. The event marks a significant milestone in the SAP23 program, highlighting the progress and achievements of the participating startups while fostering collaboration and knowledge exchange within the thriving ecosystem of technology and innovation.
“This year, SAP has successfully attracted 40 highly competitive startups, ranging from seed round to series A funding, out of a staggering 232 applications. What sets us apart is our ability to attract founders not only from Malaysia but also from the United Arab Emirates (UAE), Japan, Singapore, and Bangladesh,” said Yong Kai Ping, CEO of Sidec.
SAP23’s comprehensive 2-month program includes training workshops, pitching mastering classes, industrial visits, and a semi-final round. The 20 semi-finalists are selected by a panel of esteemed judges from Invest Selangor Bhd, Malaysia Venture Capital Management Bhd (MAVCAP), Malaysia Digital Economy Corporation (MDEC), Cradle Fund, Malaysian Technology Development Corporation (MTDC), Auto Count, Petronas Venture, and Xeraya Capital.
Supported by the Selangor State Government, SAP has been a catalyst for entrepreneurial growth, offering startups a nurturing environment to develop their ideas, access mentorship, and secure funding for scaling their ventures. This programme provides a platform for these startups to pitch their scalable business idea, unveil latest technology, and engage with potential investors, corporate partners, and industry experts.
AFFIN Bank has taken center stage as the primary sponsor for the highly anticipated SAP23. This partnership underscores AFFIN Bank’s unwavering commitment to fostering innovation, supporting startups, and driving progress within the entrepreneurial landscape. Meanwhile, Invest Selangor, as a co-organiser with SAP, aims to identify Malaysian talent that can act as a catalyst for the biotechnology sector in the region.
The Selangor Accelerator Programme (SAP) welcomes businesses registered in Malaysia, passionately committed to propelling the startup ecosystem not only within Selangor but also on a broader scale. Through its unwavering support for these startups, SAP plays a pivotal role in fostering economic growth while tackling critical global challenges.
Join us and be a part of the conversation that is driving innovation and shaping the future. For more information, visit https://www.sidec.com.my/