Benefits include mentorship, seed money, industry connections, business support, etc.
Of seven in Batch #1, one has raised funds, five already in commercialisation stage
KUALA Lumpur-based WatchTower and Friends (WTF) is inviting startups to apply for the second batch of the Cyberview Living Lab Accelerator programme it is running for Cyberview Sdn Bhd.
Cyberview is a government-owned company and advisor to the Government on MSC Malaysia and Cyberjaya development matters. The accelerator programme was launched in February.
In today’s world where tech startups must move fast and scale quickly, joining a tech accelerator programme can make a huge impact on the startup’s viability, WTF said in a statement.
Startups which make it into the Living Lab Accelerator programme will receive mentorship, seed money, industry connections, business support and access to a community of likeminded entrepreneurs, it said.
Applications are now open for Batch #2 of 2015, which will start in May and run for four months, culminating in a Demo Day attended by venture capitalists, fund managers, government agencies, and angel investors, it added.
WTF Accelerator cofounder Sam Shafie says that the accelerator programme is designed to take startups through the difficult conceptualisation and seed stages.
“Startups are pushed to run harder and faster. They will not feel alone and helpless because mentorship is a big component of our programme.
“The strong lineup of mentors that we have assembled is ever ready to guide and assist them all the way,” he said.
Sam said that startups that join the accelerator will benefit from the backing provided by Cyberview.
The Cyberview Living Lab Accelerator programme is a pillar of Cyberview’s mission to transform the smart city of Cyberjaya into a Global Technology Hub. Cyberview will provide access to facilities as well as city and government services that may be necessary for the services and applications built by the startups.
The accelerator programme accepts startups operating in the areas of enterprise, web and mobile, big data analytics, cloud computing, green and bio technology, creative content, information and network security, the Internet of Things and wearable technology.
The seven startups in the first batch that started in January 2015 are currently in the third month of the programme, and includes those working on transportation and logistics, F&B (food and beverage) e-commerce, creative content, fintech (financial services technology), and education solutions.
“One startup has already raised money from angel investors. Five of them have reached commercialisation stage and two will launch before April 15,” said Sam (pic).
The closing date for applications to join Batch #2 is April 14, 2015. Shortlisted startups will be called in for a pitching session.
For full details of the programme, seed capital and terms and conditions, click here.
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