M’sian Bumi startups have earned RM500K grants in January 2022 – Wired PR Lifestyle Story
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[This is a sponsored article with TERAJU.]
Unit organized by Peneraju Agenda Bumipute (TERAJU) Bumiputera Start-up Entrepreneur Program XVI (SUPERB 2021) The program was launched this year to offer new creators the opportunity to recognize, fund and embody their ideas.
The plan is in line with the Tindakan Pembanguna Bumiputera 2030 (TPB2030) policy, which aims to reduce the country’s economic gap by enabling greater Bumiputera participation in the entrepreneurial space.
There were a total of 800 applicants registered for the program, 60 of which were evaluated by expert juries and passed to the finals.
These finalists held a two-day Final Pitching Session earlier this month, and are now closer to returning home with RM500K grants.
Who were the participants in the run
The companies that joined had to be in operation for less than three years, and they had to consider a creative solution that falls into any category identified by SUPERB as a Key Area of Economic Growth (KEGA).
Categories include the digital economy, space and aerospace, defense and security, agriculture and goods, and more.
These areas represent a future economy that can lead to rapid growth, so the development of a strong local ecosystem would greatly benefit the country by creating more business opportunities and jobs.
Providing future generations with a business environment
“Promoting the identity and integrity of Bumiputera entrepreneurs is important to ensure that the quality of the nation’s startup ecosystem is at an optimal level and able to compete globally,” said Silmi Abd Rahman, CEO of TERAJU.
To reflect that sentiment, participants who qualified before the finals were subjected to a 6-week accelerator, which guided them to the basics of becoming an entrepreneur.
The accelerator program would guide startups through the process of managing a business, as well as take advantage of TERAJU’s extensive network of programs and business ecosystems.
As a result, the number of activists in training has increased.
“The business ideas that came to a great end in SUPERB come from a variety of high-impact strategic industries listed in KEGA.
This growing technology in business has a national resonance Fourth Industrial Revolution (4IR) policy and its use of digital technology as a resource for high-income national status.
With new knowledge and skills, the finalists once again presented solutions in the semi-finals, and the last time was on the 11th and 12th of December in the final of the event.
It takes more than money to succeed
At the end of the final, the jury is choosing the winners who will go home with a grant of RM 500,000.
In addition, each startup will continue to run an intensive traction program for six months. There are courses on marketing, database building, product launching and sales waiting for participants to strengthen business viability and bankability.
Winners will continue to receive support through training, sharing and networking sessions.
Finding New Carriers for Malaysia’s Early Economy
Since its inception in 2014, SUPERB alumni now has 208 members, and more than 62% of the products and services they offer are being marketed in local and international markets.
These companies and their solutions contribute to the value of the initial global economy $ 3.8 trillion In terms of ecosystem value, which is more than the individual GDP of most G7 economies.
Through SUPERB, winners have a better chance of being part of a new generation that continues to drive the value of the global startup economy, as well as increasing Malaysia’s GDP and market reach.
TERAJU will announce the names of the winners in early January 2022, and you can visit them. website to receive updates.
Image credit: TERAJU
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