Selangor Journal
Amirudin (centre) visiting the CTDK Holdings exhibition after officiating the Selangor Smart City and Digital Economy Convention during the Selangor International Business Summit (SIBS) 2021, in the Kuala Lumpur Convention Centre. With him is CTDK’s president Datuk Seri Siti Nurhaliza (left) — Picture by AHMAD ZAKKI JILAN/SELANGORKINI.

Funds disbursed to some 40 startups under Selangor Accelerator Programme

By Nasuha Badrul Huzaini

KUALA LUMPUR, Nov 20 — Approximately 34 per cent out of 120 startups have received funding under the Selangor Accelerator Programme (SAP), said Dato’ Seri Amirudin Shari.

The Menteri Besar said out of the total, 26 companies that excelled in the Pitch@Selangor Series One to Four and SAP’s Demo Day had joined the Selangor Information Technology and Digital Economy Corporation (Sidec) visits abroad.

“They have been to Beijing, Hangzhou, Jakarta, and the Silicon Valley, pitching to venture capitals and foreign startups in China, Indonesia, and the United States.

“Hopefully, if the situation permits, Sidec’s so-called ‘Moon Shot’ exploration can take place, where it will visit Silicon Valley to pitch to venture capitals and participate in the Startup Grind Global Conference (held in February 2022).

“Additionally, I hope they will be able to continue visiting Internet giants including Google, Amazon, Facebook, and Stanford University next year,” he said in his speech during the official launch of the Selangor Smart City and Digital Economy Convention 2021 (SDEC 2021) today.

The event was held in conjunction with the Selangor International Business Summit 2021 (SIBS 2021) at the Kuala Lumpur Convention Centre.

Themed ‘Digital Transformation Towards Economic Recovery’, the sixth edition of the SDEC is co-organised by Sidec and Invest Selangor Berhad.

Amirudin also lauded Sidec for continuing the SAP and raising its fourth cohort.

“This year’s SAP focuses on five major pillars, which are Agritech, Fintech, Greentech, e-Commerce, and Smart City Solutions (Proptech, Mobility & Logistics).

“The pillars, as mentioned earlier, are very important and relevant to the current pandemic to ensure that businesses come back stronger,” he said.

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