September

MAP ASEAN & SE

Accelerators - finishing school for unicorns

Accelerators give companies access to expert advice, vital connections, and a community that knows what it’s like to build something from nothing. We launched the largest accelerator in South East Asia to make companies investment-ready in 4 months.

In July, we opened our doors to cohort one.

The 75 participants were selected from a pool of over 1,000 applicants from 28 countries

Some had prototypes, some had traction or even revenue, and a few were just ideas on paper

Longtime fans of MaGIC may recall that we first discussed the benefits of the program in this video

And over the four months of the accelerator, the participants of both the ASEAN and SE tracks experienced a whirlwind of

170+ talks and workshops

on every aspect of starting a company from some of the biggest names in ASEAN entrepreneurship

Anthony Tan, GrabTaxi
Tom Kosnik, Stanford University
Adrian Vanzyl, Ardent Capital
Zaman Ahmad, Endeavour Malaysia

One-on-one mentoring

and an opportunity to discuss their problems with the region's sharpest business minds

Mark Gilmour, Virgin Group
Hans-Peter Ressel, Lazada
Jamaludin Bujang, MAVCAP
Niket Desai, Flipkart

Giving back

and sharing their experiences with 15 universities and 2,695 participants in 6 states across Malaysia

Weekly platoon sessions

where the startups checked in their platoon leaders about their problems, progress, and plans

And maybe most importantly,

Long nights and hard work

developing product, acquiring customers, and basically coding late into the night while crying

All the while getting closer...

To demo day - when the startups pitched to a room full of investors, mentors, partners and journalists

It was the largest demo day ever organized in Southeast Asia

The MAP ASEAN startups achieved average monthly increases of

39%

B2C revenue growth

18%

B2C user growth

58%

B2B revenue growth

42%

B2B customer growth

And many began conversations with investors that would be the start of (we hope) a long and beautiful relationship

As for the MAP SE startups,

96%

were registered as legal entities

88%

achieved their immediate goals

4 raised additional funding worth up to RM400,000, and another 3 began the process of raising funds worth up to RM500,000

"The best startups that I’ve met in the MAP program are as good as the startups in any of these world-class accelerators... 500 Startups, Plug & Play, Cleantech Open, Astia..." Tom Kosnik, Consulting Professor at Stanford Technology Ventures Program

Asked how likely it was that they would recommend MAP to a friend or colleague, 98% of participants responded with an 8, 9, or 10 - resulting in a Net Promoter Score of 88