Startup Corporate Pilot Program to be launched by NEXEA, a Malaysian Investment firm

Startup Corporate Pilot Program to be launched by NEXEA, a Malaysian Investment firm

A new Startup- Corporate Pilot Program has been launched by a Malaysia based startup investment firm, NEXEA Angels Sdn Bhd in partnership with Digi, HELP University, Rhombus Connexion, and Spritzer.

The program has been designed to both identify and explore potential collaborations among local technology startups and corporations according to the firm. Right from the ideation stage till pre- series A, the program is available for Malaysian startups especially those involved in the areas of connectivity, fintech, Internet of Things, SME solutions, F&B education, healthcare, and home services.

According to Ben Lim, the Managing Partner of NEXEA, there are various reasons hampering the opportunity for many startups to attain a working relationship with corporate entities. With this new platform these startups will have direct access to corporations so they can explore potential collaborations, according to Lim.

Additionally, exploring real-world product testing, building up traction by having these organizations as potential customers and validation of their business model through feedback will also be made possible for startups.

Experienced entrepreneurs, CEOs and heads of innovations from participating organizations, some who had successfully brought their companies to initial public offering (IPO), involved in the program will also be brought in by NEXEA.

A common belief is being shared between Digi and NEXEA that corporates and startups have a big role to play to foster the growth of innovation and innovators in Malaysia according to Alex Foo, Digi’s head of Strategy and Transformation.

Applications to join the Startup-Corporate Pilot Program have ended on 24 June 2019. The program will run in parallel with NEXEA’s startup accelerator program. Three rounds of accelerator program since 2016 have already been run by NEXEA till date. Only 11 applications have been selected to participate in the full program out of the 400 or more applications received in all.

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