A six weeks accelerator program intended to get participants to be impact driven in terms of solving social and environment problems with the use of scalable business models.
Impact Driven Enterprises are organisations (either for-profit or non-profit) that proactively create positive social or environmental impact wth the aim to be financially sustainable over the long term.
No application or programme fee is charged.
The MaGIC IDEA accelerator is structured on a build, validate learn cycle that requires participants to refine and develop their ideas into a practical and implementable businesses that are impact driven. The structure will be based on 5 themes and the 5 top solutions would be selected per theme.
Yes. At the end of the program, enterprises will present to a selection of panelist to be accredited under Impact Driven Enterprises Accreditation (IDEA) which opens opportunities for social procurement from our network of impact partners.
To create more Impact Driven Enterprises to build and grow the impact sector through entrepreneurial led solutions that are sustainable and effective.
Unfortunately, one of the criteria to apply for the programme is to be a Malaysian enterprise.
Each team can consist of between one (1) to three (3) full-time participants: at least one founder and up to two other co-founders or team members
This accelerator will be for a duration of 6 weeks with 2 training days per week and 3 days of project execution. Compulsary classes sessions would be conducted on Monday and Thursday in MaGIC Cyberjaya, unless informed otherwise.
Industry mentors would be assigned to each team to shorten learning curves. Meetings between mentors and enterprise will be determined by agreement by both parties.