Malaysian government held MYStartup, in partnership with startup accelerator Growth Charger, has selected 26 high potential startups for the MYStartup Pre-Accelerator Cohort 3 Program.
MYStartup said in a statement on Friday that these 26 startups have been shortlisted from 136 applicants across Malaysia and will undergo a four-month tailored program.
According to the statement, the program aims to accelerate these startups towards achieving product-market fit and contribute to the overall success of the Malaysian startup ecosystem.
The selected startups cover four main sectors: green technology, smart living, hospitality, and digitalization, including data solutions, industrial internet of things (IoT), and robotics.
The selection process comes at the heels of the previous cohort MYStartup program, which saw similar high-potential companies such as Materials In Works, Sayur Kita School, Luwjistik, Axcyn, Certiify, and more, gaining a leg up through MYStartup.
“Malaysia’s economic success is dependent on the success of its entrepreneurs,” said Norman Matthieu Vanhaecke, Group Chief Executive Officer of Cradle, who powers MYStartup.
According to him, small and medium enterprises account for almost 98.5 percent of business entities in the country, accounting for 66 percent of the workforce.
“There is therefore an urgent need to promote an inclusive, high-performing, and sustainable entrepreneurship ecosystem,
“We are thrilled to witness Malaysian technology startups benefit from this program and anticipate the remarkable growth ahead of them,” he added.
He also noted Malaysia is rapidly emerging as a key player in Southeast Asia’s technology and innovation sector, aligning well with the Ministry of Science, Technology and
Innovation’s aspiration for the country to be in the top 20 global startup ecosystem by 2030.
Designed for dedicated startups aiming to validate their concepts, the Pre-Accelerator offers a comprehensive package.
This includes access to a mentor network, innovation hubs, and market exposure.
The program encompasses strategic learning modules, on-demand resources, hands-on mentoring, collaborative spaces, networking events, and strategic connections within
the ecosystem.
The goal is to assist startups in developing viable business models and unlocking growth opportunities.
“Throughout these four-months program, it’s all about Product-market fit,
“We are eager to witness remarkable achievements from the 26 startups spanning various sectors such as software as a service (SaaS), E-commerce & marketplace, artificial intelligence, machine learning, and more,” said Iskandar Shafi’i, the Director of Growth Charger.
“Speak to your customers, refine your product and think about scale,
“We anticipate future accomplishments in the coming months under Growth Charger,” he added.
Aligned with the Malaysian Startup Ecosystem Roadmap (SUPER) 2021-2030, the MYStartup Pre-Accelerator program aims to accelerate the Malaysian ecosystem in producing more
innovative and quality startups.
The list of 26 shortlisted companies include:
1. Agrofly- Producing biofertiliser through insect frass degradation.
2. AIMS- Artificial intelligent marketing system.
3. AidEye- Your AI companion in navigating digital services for everyday tasks.
4. Beseek- Introducing the future of work in the GenAI era by maximising productivity through identifying valuable information in cluttered documents.
5. Bettercopy- Unleashing your revenue growth through AI.
6. BOSSREC- A booking platform system for recreation.
7. Compere- A marketplace platform that facilitates seamless connections between event organizers and vendors.
8. Deepsight- A learning tool to help medical professionals to enhance and sharpen their ability to analyse and interpret ECG faster.
9. Eatsyfarm- Providing access to authentically healthy farmed food and homemade daily essentials.
10. FinDoc- AI-Driven online financial screening platform that helps people find the best financial products and services from various banks without having to visit them one by one.
11. FitDoc- A telemedicine company that specializes in online consultations, addressing critical health concerns such as obesity, family planning, sexual health, and HIV
prevention.
12. Good Stuff Alliance- A digital platform that helps business operators to sell nearly expired products at a discounted price to consumers who want to save money.
13. Komers- A one-click checkout process that helps simplify the buying process and after-sale process to convert more shoppers into buyers.
14. Komplen- A platform where users can complain to various authorities, all in one place.
15. Mywheels- A platform for everything and anything to do with wheels.
16. Pajak-i- An all at one go online platform for the micro-financing industry.
17. Pixalink- A cloud-based customer acquisition and engagement system for small and medium-sized enterprises (SMEs) to automate the interaction with your customers.
18. Practistica- A one stop solution for lecturers/teachers to an online question marketplace, classroom grading software and students’ analytics software.
19. Propmoth- A platform that provides the smartest way to find property.
20. Pycehub- A web platform that connects owners & clients to maximize revenue for owners and streamline booking for clients.
21. Rabt- Reshaping the Islamic narrative through creating the Spotify of Islam.
22. Scancer AI- Revolutionising lung cancer detection with AI, making early detection accessible to all.
23. Staywokeproperty- A one-stop rental management solution, where all ends meet for effortless rental transactions.
24. Volunti Connect- A corporate social responsibility (CSR) management platform powered by AI that revolutionizes CSR programs and funds.
25. WebX- Creating simple and affordable websites in 3 days with AI.
26. Wellness 96 Empire- AI powered digital one-stop digital wellness platform offering curated, certified coaches, personalized plans and community engagement.
MYStartup partners Maxis, Petronas, Cyberview and airasia academy to support Malaysian startups