The SAP targets startups based in New or Emerging Technologies applicable across industries and verticals such as AI, Blockchain, Cloud computing, Big Data, Machine Learning, IoT, Smart City, and e-Commerce.
After a month of intense promotion, the Selangor Information Technology & E-Commerce Council (SITEC) has concluded its shortlisting of startups eligible for the Selangor Accelerator Programme (SAP) at its Opening Ceremony held in i-City, Shah Alam.
The ceremony, which flagged off the start of the four-month intensive programme, was attended by YB Dato’ Teng Chang Khim, Senior Executive Councillor and Chairman of the Standing Committees for Investment, Industry & Commerce, Small & Medium Enterprise (SME), who gave the opening speech; Gopi Ganesalingam, Vice President, Enterprise Development, MDEC who gave the keynote speech, and Yong Kai Ping, Chief Executive of SITEC, who gave the welcome remarks.
30 teams were chosen out 102 applicants, with many from fields and industries such as e-Commerce, AI, Blockchain, Cloud, IoT, Logistics, Agritech and Biotech, among others.
The SAP targets startups based in New or Emerging Technologies applicable across industries and verticals such as AI, Blockchain, Cloud computing, Big Data, Machine Learning, IoT, Smart City, and e-Commerce, offering them fully-sponsored local and overseas trips, valuable networking opportunities, peer support communities, hands-on workshops, pitching clinics and 1 to 1 mentoring sessions.
“We notice that these Digital Economy trends are not exactly new, and have been around for the past few years. As consumers increasingly look to digital means to obtain goods and services, it is only natural for businesses to upgrade themselves with cutting edge technology to deal with the demands of the Digital Economy,” said Yong Kai Ping, Chief Executive of SITEC.
“The Selangor Accelerator Programme, which would not be possible without the support of the Selangor State Government, allows us to play a direct role in nurturing startups of the future by prepping these startups to be investor ready through refining their business processes, products and operations. It will expose local startups to pitching and networking opportunities with international investors, companies and innovators, as well as access to mentoring with some of the best leaders around.
“Our programme has been incredibly popular since its first run in 2018, with many of our alumni going to greater heights. Alumni Dropee even obtained a USD 350,000 investor funding, and others also received Cradle Fund’s CIP 300 funding”, he added.
After the speeches, all 30 teams went on stage to present their 60-second elevator pitches, which summarises their businesses and aims. The first mentor speed dating session for the programme took place soon after.
The ceremony, which flagged off the start of the four-month intensive programme, was attended by YB Dato’ Teng Chang Khim, Senior Executive Councillor and Chairman of the Standing Committees for Investment, Industry & Commerce, Small & Medium Enterprise (SME), who gave the opening speech; Gopi Ganesalingam, Vice President, Enterprise Development, MDEC who gave the keynote speech, and Yong Kai Ping, Chief Executive of SITEC, who gave the welcome remarks.
30 teams were chosen out 102 applicants, with many from fields and industries such as e-Commerce, AI, Blockchain, Cloud, IoT, Logistics, Agritech and Biotech, among others.
The SAP targets startups based in New or Emerging Technologies applicable across industries and verticals such as AI, Blockchain, Cloud computing, Big Data, Machine Learning, IoT, Smart City, and e-Commerce, offering them fully-sponsored local and overseas trips, valuable networking opportunities, peer support communities, hands-on workshops, pitching clinics and 1 to 1 mentoring sessions.
“We notice that these Digital Economy trends are not exactly new, and have been around for the past few years. As consumers increasingly look to digital means to obtain goods and services, it is only natural for businesses to upgrade themselves with cutting edge technology to deal with the demands of the Digital Economy,” said Yong Kai Ping, Chief Executive of SITEC.
“The Selangor Accelerator Programme, which would not be possible without the support of the Selangor State Government, allows us to play a direct role in nurturing startups of the future by prepping these startups to be investor ready through refining their business processes, products and operations. It will expose local startups to pitching and networking opportunities with international investors, companies and innovators, as well as access to mentoring with some of the best leaders around.
“Our programme has been incredibly popular since its first run in 2018, with many of our alumni going to greater heights. Alumni Dropee even obtained a USD 350,000 investor funding, and others also received Cradle Fund’s CIP 300 funding”, he added.
After the speeches, all 30 teams went on stage to present their 60-second elevator pitches, which summarises their businesses and aims. The first mentor speed dating session for the programme took place soon after.
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