Update: We moved this to beneath "Private Accelerators" from "Government Accelerators" while Khazanah Neo is below the Malaysian Government and it is not in fact an accelerator in itself.
However, the three privately-owned accelerators below are contracted by Khazanah Neo to run the actual applications, so we do agree it belongs here. They run a 24-week program with RM50k, mentorship, access to Sunway Group companies (12 verticals), and RM150k of Google Cloud credits in exchange for 8%.
The mentors are mostly from Sunway. The Global Accelerator Programme (GAP) is run by the Malaysian Global Innovation & Creativity Centre (MaGIC), an agency beneath the Ministry of Science, Technology and Innovation (MOSTI) of
malaysia top startups, to prepare selected nearby and international commence-ups to expand their small business in the ASEAN region and be investment-prepared within 3 months.
The Accelerator Programme was initiated to deliver funds to aspiring and current get started-ups in the application development space, and it has covered exciting and innovative small business ideas through its 16 successful Alumni. The application approach is lengthy but these who total it will get pleasure from low interest.
Fundaztic is a peer to peer lending platform for SMEs and startups enabling them to raise amounts amongst RM20,000 to RM200,000 with quick repayment periods of in between three months to 36 months with interest rates as low as 5.88% per annum.