Meet the 20 startups selected for ScaleUp Malaysia accelerator's Cohort 2
Image Credit: ScaleUp Malaysia
Up to 12 companies in Cohort 2 will receive US$60K from ScaleUp's partner and Singapore-based VC firm Quest Ventures.
ScaleUp Malaysia, an accelerator programme powered by Singapore-based VC firm Quest Ventures, has announced the launch of the second cohort.
The programme is part of an investment deal by Quest worth US$1 million. As per the agreement, the VC firm will invest US$60,000 in up to 12 companies.
ScaleUp said it attracted more than 200 entries from countries such as Belgium and Egypt. The finalists were selected based on criteria, including product-market fit, revenue generation models and scalability of their products.
The accelerator aims to assist startups with their growth and product-market fit to scale them into businesses with high revenue growth and profitability.
The finalists will embark on a 3-month intensive group-based training programme focused on areas, including product management and finance.
Additionally, they will participate in a month-long boot camp to aid them in fund-raising. Upon completion of the programme, the 20 startups will pitch their solutions to an investment committee.
The 20 companies selected for Cohort 2 are:
Quadby: A social app specialised for millennial students to find and chat on campus.
GenYouth: A platform that develops the workplace competencies of youths.
Hire.Seniors: A platform that helps retirees and senior citizens find employment opportunities in Malaysia.
ERTH: A social enterprise focusing on e-waste recycling service.
Smartfund: A B2B invoice financing platform for SMEs.
EzyOffice: A one-stop office system and renovation solutions platform.
Fefifo: A co-farming company that focuses on empowering progressive farmers in ASEAN.
Hatio: A technology provider specialising in supply chain & logistics.
Hauz: A data-driven enterprise solution that manages and monitors remote workforce operations in the service industry,
Homa: An O2O marketplace for construction and renovation materials marketplace in Malaysia.
Kiddocare: A babysitting mobile platform for access to trained babysitters.
Load2Go: A logistics platform which focuses on delivery solutions for heavy industry materials.
MMC: A company that provides online and offline solutions from hardware to software to F&B businesses.
MyBump Media: A car-wrap advertising platform.
Pomen: A SaaS automotive maintenance platform that specialises in fleet companies and vehicle owners.
Qijang: A simplified omnichannel e-commerce backend system.
Supervisor: A platform that helps corporates and homeowners manage and supervise their renovation works.
Tanalink: An agro-tech company utilising data to reduce crop wastage.
Recqa: A centralised, searchable knowledge-based repository for team members to share their learnings.
Virtual X: A company that specialises in creating business solutions using augmented and virtual reality technology
(Original shared on E27.co
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