Selangor Journal

Five startups win RM10,000 each after presenting perfect pitch

By Nasuha Badrul Huzaini

SHAH ALAM, Sept 13 — Five startups from various industries have been selected as the top five winners in the 4th Selangor Accelerator Programme 2021 (SAP 2021) and have successfully secured the cumulative cash prize of RM50,000.

The five companies, eMLab, GFI Fintech, NexMind AI, Boss Boleh and Farmy had successfully pitched their business to representatives from renowned venture capitalists, corporations and government agencies during the final demo day, yesterday.

Apart from their respective RM10,000 cash prize, the companies will also be given investment opportunities with SAP 2021’s strategic partners such as RHL Ventures, AgroBank and The Hive South East Asia.

Selangor Information Technology & Digital Economy Corporation (Sidec) chief executive officer Yong Kai Ping said the demo day symbolised the culmination of a three-month training period, mentorship and learning programme for 30 participants.

“All the companies are so competitive and skillful that the judges had a tough time in narrowing down the best startups qualifying for the demo day.

“For the other 10 participants that did not get through, I hope that they will continue striving to develop more solutions to help the industry, especially during these tough times.

“I also hope that all selected startups will make good use of the knowledge and advice that were given to them throughout this three-month programme. 

“With the increasing number of registrations for SAP 2021, I am thrilled to see that many startups are taking this opportunity to showcase their ideas and solutions to be adopted by the respective agencies,” he said in a statement, yesterday. 

The programme was officiated by the state executive councillor for industry and trade, Dato’ Teng Chang Khim.

In his speech, Teng said businesses related to fintech, agritech and e-commerce have been booming following the Covid-19 pandemic.

“It has been the state’s focus to recover the economy through digitalisation and adoption of technology in business operations.

“I also believe that participants of SAP 2021 will be playing their part in assisting the national economic recovery through these various initiatives that the government has set out.

“It is the government’s responsibility to provide necessary platforms and initiatives to help the growth of the digital economy and I am proud to say that Sidec has been making great efforts to help the state government in ensuring that the digital ecosystem is sustainable and beneficial to Selangorians,” he said.

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