Open to All University Spin-Offs, Scientists & Engineers, Corporate Innovation Studios and Innovators Across Malaysia and Southeast Asia
About the Programme
A Proof-of-Concept Accelerator programme that are aimed to commercialised TRL-7 rated prototypes into the market with the aim of securing market adoption for the technology.
This requires up to 9 months participant commitments and it is supported by business mentoring, workshops, proof-of-concept to commercialised technology deployment in real world environment and market access support for the technology.
This programme is NOT for solutions that are already in the market or commercialised.
PARTICIPATION CRITERIA AND REQUIREMENTS
Stage 1: APPLICATION
Submit your participation application via this website and wait for the 1st stage selection process for the next Stage
Stage 2: POC Matching
Pitch your technology to a Proof-of-Concept Sponsor which is a company that allowed you to trial its technology viability for commercialisation in a real world environment. At the end of this stage you will be matched with a POC Sponsor.
Stage 3: Prototype Deployment
Consultation, mentoring and navigation of required protocols, your technology prototype will be deployed in a real world environment for a minimum period of 3 months where you will gather performance data and improve the technology towards being commercially ready by the end of this stage. At this stage you will received support from your POC sponsors and program facilitators.
Stage 4: Business Venture Development
At this stage you will go through a series of workshops and activities that will help your company to define your business model, commercialisation roadmap and market development plans for the immediate future. You will also learn about engaging investors and preparation on investment pitching.
Stage 5: POC Completion and Investor Pitching
Your technology will complete its Proof-of-Concept trial with your POC Sponsors. Historically in this programme, strong companies are able to push the technology to commercialisation usually being adopted by the POC Sponsor through a commercial arrangement thus securing customers for the technology. Selected high performance companies will have a chance to pitch to a group of investors in the coming Startup Venture Vibe Summit in Penang.
Prototype Commercialisation Achieved: RM500,000
Disclaimer
All commitments and assistance extended under the said Programme are subject to the availability of fund. Digital Penang reserves the right to discontinue or suspend the Programme, or change the content or format of the Programme, at any time without notice to anyone, and to require immediate cessation of any specific use of the Programme. In addition, we reserve the right in our sole discretion to suspend, terminate or restrict the public’s or participants’ access to the Programme at any time and for any reason. Digital Penang will not be held liable for any loss or damage suffered by any Parties participating or sponsoring this Programme