Frequently Asked Questions

GENERAL

What Is 
The Corporate Accelerator Programme 

It is a program designed to help early startups to growth scaleups achieve explosive growth by leveraging our best investors-mentors, corporates and support partners in Malaysia

Are You Eligible? 

You are eligible if you satisfy the 4 criteria below:
 
(1) You are a technology startup with a scalable nature. Your business model should be scalable and able to grow exponentially in the long term. 

(2) You are a Malaysia based company 

(3) You should be of a disruptive nature and the solution provided should be 10x better (figuratively) than the current marketed solution 

(4) Your startup should have the potential to scale to more than 100M in revenues in the span of 5-10 years.

How Long Does The Programme Run For? 

The Corporate Accelerator Programme typically runs in 2 phases for 5 months. It usually starts in September and ends in January the following year. 

During the 1st phase, selected startups are able to participate in orientation, mentoring sessions, various workshops and pilot marketing. 

All the 1st phase startups will participate in the final selection for the phase 2 program. 

During the 2nd phase, all final selected startups will continue their mentoring sessions and participate in the Demo Day where there will be a final presentation with Angel Investors, Corporates and Media.

Are There Any Entry Fees For The Startups In This Programme?

No, there are no joining or participation fees for startups to join this accelerator programme. 

Following The Success Of Joining The Programme, Is There Anything That Is Expected From You?

As the time commitment for our programme is considered fairly minimal, startups are expected to participate in all of the workshops, mentoring and Entrepreneurs Programme sessions as well as, to submit related documents and information throughout the programme 

What Is A Typical Day Like Being Part Of The Corporate Accelerator Programme? 

This program is designed for Startups that are serious about growing sales. It focuses on practical takeaways for entrepreneurs to be able to immediately apply to their businesses. It also has a longer-term focus of mentors guiding you to stay on track with your goals. 

It includes workshops, sharing sessions by high-growth Startups, and mentoring by Angel Investors / Ex-entrepreneurs 

Despite all the sessions planned to accelerate your startups, most of the days, you will still be working on your business as that should be the focus, always. 

Why Should Startups Join The Corporate Accelerator Programme? 

By joining our program, you get to benefit from mentorship, follow-on funding, Startup Benefits and Expert access. NEXEA also matches you to several corporations for pilot opportunities and more. 

For ideas to early revenue stage companies, we offer a fixed RM 50,000, up to RM 2,000,000 in benefits true-investor-mentors, and potential future funding. 

For growth to scaling stage companies, we offer up to RM 250,000, up to RM 2,000,000 in benefits, true investor-mentors, potential future funding, and many more.

How Can We Get Funded After The Corporate Accelerator Programme Ends? 

Graduated startups will be given opportunities for follow-on funding at the end of the programme through Demo Day. Funding is at the discretion of the interest of the Investors. For startups that did not make it through the Corporate Accelerator, you may always apply for funding through our Startup Find. 

Do You Invest In Companies That Are Competitive With Each Other? 

This depends on the niche and market size of the target markets of the startups. In most cases, we would decline unless remedies are available and the market size is large enough. If needed, we may connect different investors to invest in you instead. 

What Can Startups Expect Once The Corporate Accelerator Programme Ends? 

Startups who successfully receive investment during Phase 2 of the programme:

You can generally expect a follow-up funding of around RM 50,000 - RM 250,000

You have a higher chance of getting commercial partnerships with Corporates at their discretion after the programme ends. 

You will continue to receive mentorship, benefits and expert access

Are There Any Specific Industry/Field That You Are Looking For? 

 We are actively and solely looking for startups in the technology sector. Unfortunately, if your line of business does not overlap with the technology sector, we are unable to move forward with your application.

Why Do Corporates Join The Corporates Accelerator Programme? 

The programme helps Corporates in building internal innovation and investment capabilities, digitizing internal processes, finding new revenue streams, and working with industry disruptors. 

It is done via the Startup Matching Methodology, Workshops, Panel Discussions, Fireside Chats, Mentoring Sessions, Pilot Projects, Technical Guidance, and more

Throughout the Corporate Accelerator Programme, we run events where corporates can interact with Startups, Investors, Venture Capitalists, Funds, other Corporate Venture Capital, and other Startup Ecosystem Partners. 

How Do You Choose Which Companies To Accept And Process To The Next Stage And To Fund? 

We have a rigorous process to find strong Startups - which we do by working with and mentoring Startups. In doing so, we are able to figure out what makes your Startups work, what your dynamics are, and how we can support you further. 

Startups that have strong startup fundamentals are highly considered. This includes factors like the team, market, business model and more.

Application

My Startup Is Not Based In Malaysia. Can I Participate Remotely? 

Unfortunately, we are currently only looking for startups that are based in Malaysia to ensure more direct contact with our mentors.

Can I Apply If I Am The Sole Founder Of My Startup? 

Yes, solo founders are more than welcome to apply. 

Our Startup Is Still At The Ideation Stage, Are We Eligible For The Programme? 

Yes, we welcome companies at the ideation stage and encourage you to apply. It would be much more advantageous if you could highlight 1-3 points in your pitch deck. For example, a huge potential client, a strong team, strong pre-orders, huge market size with huge pipelines. 

Can I Apply For The Programme If My Startup Has Already Raised Some Funding From Other Sources? 

Yes, you may apply. However, we advise startups to check with their investors/shareholders prior to joining the Corporate Accelerator to ensure that all parties' interests are being looked after. 

Am I Eligible To Apply If I Am Currently A Part Of Other Accelerator Programmes? 

Yes, Startups participating in another programme do not affect their eligibility. Although we do not recommend startups participating in two programmes at the same time, startups are more than welcome to apply to Corporate Accelerator

When Does The Application Start And What is the Application Process like?

Application begins on 1 June 2022 and closes on 31 July 2022, 12 pm. 

The screening process starts from  Mid June to Early August. 

Shortlisted applications will be invited to interviews which include a 5-minute pitch and a 15 minutes Q&A session. 

When Will We Be Notified If My Company Is Shortlisted To Move Forward To The Next Stage?

Startups will be notified after the screening process has taken place at the end of July and invitations for interviews will be sent out soon after to successful applicants. 

I Am Concerned About The Intellectual Property Of My Idea. Should I Be Worried? 

It is natural to have doubts over the issue of intellectual property, however, we do not engage ourselves in such a manner. NEXEA is a reputable Startup investment company and has been operating and supporting Startups since 2015.

I Still Have Questions Regarding The Programme. Who Can I Contact? 

Kindly contact us via email:
 [email protected]

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