Sunway iLabs Accelerator

What startups get in exchange for 8% equity:

Seed funding of RM50,000 in cash
Google Credits & Access to tech and legal resources worth over RM150,000
Successful Mentors who built and exited businesses
Access to Angel Investors with the ability to provide follow-on funding
Sunway Group as potential test bed
Access to Sunway University’s network: Labs, researchers, experts, potential interns and more
Free Access to Co-working space in iLabs
Direct link to Silicon Valley launchpad & investors

WHAT ARE WE LOOKING FOR?

Dynamic founders, eager to grow their startup to the next level, and able to commit to the programme (6 months)

Open to all innovative tech and non-tech startups, and university spin-outs! (Thanks to Sunway’s broad network and the diverse backgrounds of our mentors we can support startups from a range of different industries)

Open to all Nationalities! (If selected into the accelerator, you will have to incorporate a company in Malaysia)

STRUCTURE

Our accelerator is industry-driven and result oriented. We want our entrepreneurs to spend their time working on their startup and growth. For this reason, we do not conduct classes. Instead, we have regular customized one-on-one sessions with each startup. We will connect you to the experts each of you need to ensure fast progress. Finally, we will have exclusive networking dinners with experienced entrepreneurs and advisors to share insights and personal experiences.

THE START-UP FOUNDATION PHASE

The Start-Up Foundation Phase is a month-long phase for us to:

Get to know the entrepreneurs better;
Determine whether they have the potential to grow; and
Asses if they are able to achieve their first milestone.
The Start-up Foundation Phase is free of charge and not in exchange for equity yet. There will be 6 full days of workshops with industry leaders and mentoring sessions to set your KPIs. Only up to 10 teams will be selected to proceed to our 5-month long startup validation phase.

THE START-UP VALIDATION PHASE

The Start-Up Validation Phase is next phase (5 months) where only selected teams from the Startup Foundation Phase will enjoy the following benefits:

Mentorship by industry experts and angel investors;
Weekly office hours to meet and discuss progress with dedicated mentors; and
Access to Sunway Group’s networks and facilities.
Startups will be investment-ready and showcased to investors in a Demo Day at the end of the accelerator.