Programme

Global Accelerator Programme

GAP FAQ

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On General

The ASEAN community is currently the 3rd largest market with a population of almost 650 million (larger than the European Union or North America) and the 5th largest economy in the world. The accelerator programme aims to bring down the borders in the ASEAN startup ecosystem and work together to capitalise on ASEAN’s growth story. By joining forces, we also aim to create a large cluster of startups for investors seeking access to regional deal flow.

We are looking for strong teams with diverse skill sets. Each team in the accelerator shall consist of two, between (2) co-founders or one (1) co-founder and one (1) team members. All participants must be aged 18 years old and above.

Startups are required to commit to the programme on a full-time basis for the entire 4 months. Classes and workshops will be conducted four days a week while startups will have the rest of the week free to work on their business as needed. The core focus of the programme is for you to build your network, grow your business and achieve your milestones.

GAP is a programme designed for dedicated teams who are fully focused on their startups and not for part-time founders or freelancers. The team must be fully committed and work out of the MaGIC campus for 4 months. The programme works on the basis of a strong cohort community. In order to fully accelerate, teams are required to attend and participate in all core classes, workshops, events and discussions.

No. Social enterprises can direct themselves to our Pemangkin Usahawan Sosial Hebat (PUSH) programme. PUSH is a programme designed to facilitate Social Enterprises to scale-up their business as well as increasing their impact.

The Global Accelerator Programme (GAP) is a government-funded initiative to create a critical mass of up to 30 high-growth startups in Malaysia for the ASEAN market, once a year.

The programme is approximately four (4) months.

Yes, the programme participants (preferably founders/co-founders )
must be able to fully commit to the programme within Malaysia for the said duration of 4 months.

MaGIC does not invest or take any equity in the startups during the accelerator programme.

No, you are not required to set up a company in Malaysia before and during the programme.

Mentor engagement will run organically and depend on the mentor’s availability. Different mentors will come in to give talks according to their availability — this is your chance to hustle and approach the ones you feel are relevant for your startup. Mentors will also allocate a set number of hours per week to meet startups either online or in person.

No, MaGIC did not fund any startup during the accelerator programme.

You will retain any IP rights associated with your startup and your prototype.

Yes, the programme will wrap up with a Demo Day where you will pitch to investors.

There is no direct PR support. However, startups may potentially get highlighted in local/regional press.

Our focus is to grow the startup ecosystem by accelerating startup growth to be investment-ready for both the local and ASEAN market. Our key measure of success is to increase the number of quality startups that we can grow.

The agenda is not available publicly but you will receive it during orientation.

All participants are required to have an 80% check-in attendance throughout this programme through our Account Managers to update your progress. Whole day talks and workshops are mostly on Mondays, Tuesdays, Wednesdays and Thursdays.

If you notify us before the deadline, you will be able to fill up the request form to add/replace the team members. Once that has been submitted to us, we will review it and will notify you once the decision is made.

We will send you a new offer letter and agreement. Fill those up and attach it under its respective fields on Accelerator Tracking & Application System (“ATAS”). The agreement will be stamped and signed.

GAP might be too extensive for you. Why not join our Bootcamps to solidify your business plan and strategy? Visit https://mymagic.my/bootcamps for more information.

On Application

Kindly submit your applications at http://atasbe.mymagic.my/

Applications for the GAP 2020 intake are open from 17th March – 16th April 2020.

No, participants are required to submit all documents on ATAS. Note: Unless there are issues uploading the documents.

MaGIC aims to notify all applicants on the status of their applications by May 2020.

Yes, we can assure you that you will be notified. Please do not lose hope as there are many other MaGIC programmes you can attend based on your startup stage growth by checking our MaGIC website.

Please refer to the online application form on our website. The application will require information about your startup and your team, along with a pitch deck and application video.

If you did not receive any calls from us, that would mean that the judges did not have any questions for you after watching your pitch video and going through your pitch deck.

No, it is a requirement to record a pitch video not more than 120 seconds to be uploaded on Youtube and share the link on ATAS as part of the application. Your video must be in English, with English caption, video resolution more than 480 and the presenter has to be an applicant.

The content should contain problem statements, solutions, your Unique Selling Proposition (USP), traction and an introduction to your team. Your pitch video has to be appropriate; eg: no vulgar content, no pornographic content, no abusive content, no violence content, and no animation or sketch.

Onboarding

MaGIC will provide a co-working space at MaGIC’s building in Cyberjaya for the entire duration of the programme.

MaGIC will provide each startup with a monthly stipend of RM1500 over the course of the four months.

MaGIC provides all its participants access to accommodation facilities in Cyberjaya on a twin-sharing basis. However, participants may choose to opt-out if they have their own accommodation arrangements. MaGIC will not provide reimbursements for any other forms of accommodation. Click here to view accommodation: Shaftsbury Stellar Cyberjaya.

You are required to purchase your own flight ticket to Malaysia. MaGIC will reimburse the cost of your return flight ticket up to a certain amount.

MaGIC will assist you with the process of applying for a Professional Visit Pass for international startups to participate in the accelerator programme.

Insurance will not be provided and as such, MaGIC strongly advises all participants to purchase their own insurance.

For the following inquiry please email us at gap.team@mymagic.my for further details.

Accommodation will be available 2 days before the start of our programme date but you will need to check-out on the date set by the programme. Our GAP Space is available as a co-working area for all participants to have access. However, if startups wish to use it after the programme, participants must get approval from MaGIC; fees may apply.

On the general main page on ATAS, there is a section on your pre-arrival form. If there is a time-stamp, you have successfully submitted it.

We will be prioritising the shared rooms based on gender and startups. We will try our best to keep team members to share the same room when possible.

Others

Thank you for your interest. Kindly email gap.team@mymagic.my and our team will get back to you.

Kindly email gap.team@mymagic.my and our team will get back to you.