NEXEA’s Startup-Corporate matching to involve Allianz General, Spritzer

• Up to US$454k of startup benefits available for participants
• Corporates look to startups for bold ideas that change how business is done

[Ed: Caption has been edited for accuracy.]

NEXEA’s Startup-Corporate Matching Programme is a programme that aims to provide Malaysian startups access to embark on potential partnerships, mentorship, pilot programmes, and customer acquisitions and revenue through its collaboration with local corporates across various industries.

Startups joining the accelerator programme have the opportunity to get corporate investment, acquisition and the potential to get corporates as clients, creating revenue and learning how to work with corporates through workshops to gain a better understanding of how to work with them.

The Startup-Corporate Matching Programme also offers up to US$454,000 (RM2 million) of startup benefits for participants. The programme has partnered with top providers so that startups can avail the benefits from them.

“Corporates are very keen to work with the startup ecosystem as a complementary source of innovation to their own innovation efforts. This open innovation trend is practised among leading corporates all around the world to leverage the speed and technical capabilities of startups for corporates to acquire new revenues, services, and even innovative business models these days,” said Ben Lim, the Managing Partner of NEXEA.

In 2021, the programme matched 30 startups with 10 corporates. Startups were introduced to between five to ten corporates each with five successful matchings on average. Additionally, a startup from a prior cohort raised RM3.5 million in funding through the programme.

Participants will be given a chance to partner with top corporations, namely Allianz General Insurance Company (Malaysia) Bhd and Spritzer Bhd.

Corporates joining the programme are always on the lookout for startups that offer fresh, bold ideas that can change or elevate the way a business is done, and transform how customers can benefit from products and services.

Kyan, the founder of ParkIt, a previous participant of NEXEA’s Startup-Corporate Matching Programme, said “We managed to meet with corporates through NEXEA which otherwise would have been tougher… I would recommend the programme to any startup looking to fast track or get connected to the corporate world quicker.”

Startups keen to find out more about the programme can visit read more here.