Out of 225 competitive applications, 30 best startups have been chosen to undergo the next process of the Selangor Accelerator Programme (SAP) 5th Cohort.
Dato’ Teng Chang Khim, Selangor Executive Councillor for Industry and Trade announced the list of startup companies that will be nurtured under the programme by Selangor Information Technology and Digital Economy Corporation (Sidec) in the next 10 weeks of acceleration period, during a ceremony held today at Selangor Digital Creative Centre (SDCC).
Themed “Net Zero, Sustainability & Circular Economy”, the SAP this year focuses on five main verticals, namely Agritech, Greentech, Smart City, Fintech and Healthtech.
The 30 shortlisted startups for SAP 2022 5th Cohort are:
Buddey Technology Holdings; iReka Soft Enterprise; Capsphere; AIRI Global; Energreen Tech; Mushin Biz Solutions; Loop Foods; Beebag; Entomal Biotech; Urban Farm Tech; Bumi Gemilang Oils; ARIA Spectre; Move On; Film Wallet; Fintech Worldwide; Seeddream Technology; Axelcloud Technologies; Diet Ideas; Emergence Innovative; Mitra IT Solutions; Global Cerah; Blue Duck Tech; Niagable PLT; ELMLAB; Oh Digital Solution; Ironwood Global Logistics; MDC Digitech; Collaborative Excellence; Swipey; and Ashisuto Global Technologies.
Yong Kai Ping, Chief Executive Officer of Sidec in his welcoming remarks said that the submissions for this year surpassed last year’s record by 36.4% (year 2021: 165) in which it denotes that more startups are eager to expand their businesses aligning with the programme’s tagline of “Charge your startup, take it further”. The official application period ran from 10 May until 13 June 2022.
“The 30 shortlisted startups will get access to benefits such as USD5,000 worth of Amazon Web Services (AWS) credits, six months’ worth of free coworking space at Selangor Digital Creative Centre (SDCC), piloting opportunities with industry players, and more,” added Yong.
The acceleration period will cover 14 workshops, three pitching clinics, five office-hour mentoring sessions and one closed-door semi-final pitching session before the final demo day scheduled for 10 September 2022.
In the speech delivered by Raymond Lee, Head, SME-Wide Ancillary & Transaction (SWAT) Sales, Enterprise Banking, AFFIN BANK, he mentioned that the goals of this programme are parallel to AFFIN BANK’s motto “Always About You” where AFFIN BANK remains a devoted partner in supporting the growth of the economy’s backbone, the SMEs and startup community with essential banking solutions, relevant business tools and differentiated propositions to propel their business forward.
AFFIN BANK is the main sponsor of SAP for the second consecutive year, for the bank is committed to continuing its effort to support SMEs especially startups with exponential prospective to grow and successfully pitch for funds to elevate their business performance.
SAP 2022 5th Cohort strategic partners are Permodalan Negeri Selangor Berhad, Microsoft, The Hive Southeast Asia, Tuas Capital Partners, Agrobank and RHL Ventures, with the support from Amazon Web Services, TusStar, MRANTI, Cradle, MDEC, Mystartr, Biztory, Worq, Common Ground, Rtist, Youbeli, Mices Tech, NexMind AI, Beamstart, iTrain, Startup Mamak and Exabytes.