MYStartup is bringing back its exclusive Accelerator Program to provide a second batch of startups with world-class mentorship, guidance, resources, funding and investment opportunities to help them grow their businesses.

In a statement, MYStartup said the Accelerator Program was initiated by the Ministry of Science, Technology and Innovation (MOSTI) of Malaysia to create and nurture successful global Malaysian startups, and is part of Cradle Fund Sdn. Bhd. (Cradle)’s mission to become a world-class startup ecosystem regionally and globally.

Cohort 2 of the MYStartup Accelerator Program is now open for registration to startups who are (i) an incorporated company in Malaysia; (ii) a tech startup with a scalable nature; (iii) in the stage of MVP or revenue-generating, and (iv) looking to expand regionally and globally.

Successful candidates will be selected to undergo a six-month intensive enrichment program that will provide their startups with access to experienced mentors, interactive workshops, and masterclasses by world-leading industry experts to help them scale their businesses.

Some of the added advantages that come with the program include a once-in-a-lifetime chance to be selected to participate in an Overseas Immersion Programme, where the startups will have the chance to connect with other players in the industry, and at the same time gain real-life insights into expanding their business regionally and even globally by experiencing how other startups work.

All successful candidates will be provided full support and guidance via workshops and seminars to ensure that they are well-prepared to enter any market for further business expansion.

Registration for the MYStartup Accelerator Programme for Cohort 2 is still open and will be closed on January 9th, 2023.

MYStartup Strategy consists of several programs which aim to strengthen the startup ecosystem and community in Malaysia. Among them are; MYStartup Roadshow, MYHackathon, MYStartup Pre-Accelerator, MYStartup Accelerator, MYStartup Internship and MYStartup Mentorship. 
The programs aim to ensure startups are thoroughly guided starting from the ideation stage, trained, supported and opportunity to highlight their company profile to attract foreign investors.   
The MYStartup Programme is part of the Malaysian Startup Ecosystem Roadmap (SUPER), while Cradle as the focal point agency for the startup ecosystem which has been mandated to ensure that this strategy benefits the startup ecosystem as a whole.  
This effort is also in tandem with MOSTI’s target of creating 5,000 start-ups and producing five unicorn status companies by 2025.

With a mandate to fund potential and high-caliber tech startups through its Cradle Investment Programme (CIP). Cradle is presently administered by MOSTI. 
Following the announcement of the Malaysian Startup Ecosystem Roadmap (SUPER) in 2021, Cradle has been appointed as the focal point agency for Malaysia’s start-up ecosystem and mandated to ensure the successful running of a holistic ecosystem to enable and encourage growth among startups.

Cradle has helped fund over 1000 Malaysian tech startups and holds the highest commercialization rate amongst government grants in the country.

Currently allocated under the 12-Malaysia Plan, two new grants are made available to the startup ecosystem – CIP SPARK and CIP SPRINT.
Cradle’s product offerings are not only restricted to monetary aid, but also include commercialization support, coaching and various value-added services to cater today’s entrepreneurs’ diversified needs.

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