Malaysia's 18 Best Startup Accelerators & Incubators [2024]

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Updated: January 20th, 2022

Are you looking for an accelerator program in Malaysia?

Check out these reasons to know how Malaysia is becoming one of the biggest startup destinations in SouthEast Asia ?

If you're starting a startup in Malaysia, you might be wondering what startup accelerators or incubators exist in the area. Here's the full list:

Best Startup Accelerators & Incubators In Malaysia

#	Accelerator/Incubator	Funding	Location	Apply
1	The Selangor Accelerator Programme (SAP)	RM 50K	Selangor,...	Apply
2	Watch Tower and Friends	RM 50K	Kuala Lum...	Apply
3	1337 Ventures	RM 50K - RM150K	Kuala Lum...	Apply
4	Nexea	RM 50K- RM 100K	Selangor,...	Apply
5	Corporate Accelerator	RM 50K- RM 250K	Selangor,...	Apply
6	MaGIC	Not Disclosed	Selangor,...	Apply
7	RAVe Accelerator	Not Disclosed	Selangor,...	Apply
8	Cyberview Living Lab Accelerator	Not Disclosed	Selangor,...	Apply
9	MAD Business Incubation Program	Not Disclosed	Kuala Lum...	Apply
10	Super Charger	Not Disclosed	Kuala Lum...	Apply
11	CodeAr.my	Not Disclosed	Selangor,...	Apply
12	Sunway iLabs	Not Disclosed	Selangor,...	Apply
13	Incite Capital	Not Disclosed	Selangor,...	Apply
14	TH Capital	Not Disclosed	Kuala Lum...	Apply
15	Xcerator	Not Disclosed	Kuala Lum...	Apply
16	Scale Up Malaysia	Not Disclosed	Kuala Lum...	Apply
17	ADAPT	Not Disclosed	Selangor,...	Apply
18	Impact Accelerator	Not Disclosed	Malaysia,...	Apply

1. The Selangor Accelerator Programme (SAP)

Location: Selangor, Malaysia
Industry: All Industries
Investment Size: RM 50K
Program Length: 4 Months
Equity Taken: No Equity Taken

The Selangor Accelerator Program (SAP) hosted by Selangor Information Technology & Digital Economy Corporation (Sidec) is a 4-month structured business program that assists early-stage startups of the industry. This business program guides startups to build successful products and businesses by providing them with business knowledge, experience & skills, mentorship, acceleration services, training, workshop, networking opportunity with industry leaders, growth-enabled business resources, and pitching & funding opportunities. The mission of this program is to make startups investment-ready by acting as a pathway for success for the startups.

Apply to The Selangor Accelerator Programme (SAP), or learn more ➜

2. Watch Tower and Friends

Location: Kuala Lumpur, Malaysia
Industry: Technology Industry
Investment Size: RM 50K
Program Length: 4 Months
Equity Taken: 8%

Watch Tower and Friends operates a technology business accelerator program whose mission is to build successful startup businesses. This program majorly assists businesses running in the niche of web & mobile technologies, Big Data analysis, cloud computing, IoT, network security & information, green & biotechnology, creative content, and wearable technology. They guide passionate entrepreneurs by providing them mentorship from experienced business experts, essential business resources, a viable revenue model, funding, networking & connection-building opportunities, strategic business advice, and other activities necessary to run startups.

Apply to Watch Tower and Friends, or learn more ➜

3. 1337 Ventures

Location: Kuala Lumpur, Malaysia
Industry: All Industries
Investment Size: RM 50K - RM150K
Program Length: 10 Months
Equity Taken: Not Disclosed

1337 Ventures focuses on helping pre-seed and seed-stage business startups of the industry. They invest in the success of early-stage startups by providing them with 10-months of acceleration services, access to venture capital, assistance in idea generation & idea validation, one-on-one business advice, mentorship, and access to attend meetings. They also host an Alpha Startup Pre-Accelerator program that offers curated support, seed funding of RM 50K - RM 150K, and guidance to take business ideas to the MVP stage. Some of its portfolio companies are Vircle, Senang, Pod, Park Easy, Besc, Finory, Arus Oil, and more.

Apply to 1337 Ventures, or learn more ➜

4. Nexea

Location: Selangor, Malaysia
Industry: All Industries
Investment Size: RM 50K- RM 100K
Program Length: Not Disclosed
Equity Taken: Not Disclosed

NEXEA hosts a startup business incubator program that helps technology startup businesses grow successfully from the ideation stage to the exit stage. This venture building program provides startups with business expertise, validation to business ideas, advice on various business operations, reduced costs for operating startup businesses, PR & marketing assistance, mentorship, entrepreneurial experience, business training & workshops, business skills, and networking opportunities with like-minded entrepreneurs. They work on four major business components to help startup businesses succeed in the industry, i.e., ideation, validation, investment, and growth.

Apply to Nexea, or learn more ➜

5. Corporate Accelerator

Location: Selangor, Malaysia
Industry: All Industries
Investment Size: RM 50K- RM 250K
Program Length: 5 Months
Equity Taken: Not Disclosed

Corporate Accelerator runs a business program that assists early-stage startup businesses of the industry. They have a team of successful and experienced mentors who provide mentorship, funding of RM 50K to RM 250K, networking opportunities, corporate business support, relationship-building opportunities with peers, workshops, investment support, grants, a variety of benefits, and government support to the participating startups. Some of its accelerated startups are Airtable, Tribe Hired, AWS Active, Here, Co-Labs, Freshworks for Startups, Zendesk, and more.

Apply to Corporate Accelerator, or learn more ➜

6. MaGIC

Location: Selangor, Malaysia
Industry: All Industries
Investment Size: Not Disclosed
Program Length: 3 Months
Equity Taken: Not Disclosed

MaGIC, or Malaysian Global Innovation & Creativity Center, runs a business accelerator program for 3-months that focuses on making startups of the ASEAN region investment-ready. This program cultivates businesses by providing them with technical assistance, entrepreneurship knowledge, practical business approach, fundamental business operations, training & workshops, tailored business curriculum, curated services & benefits, mentorship, access to markets & capital, and partnership-building opportunity. They assist early, mid, and later-stage startups and leverage technology & innovation for them to succeed in the global industry.

Apply to MaGIC, or learn more ➜

7. RAVe Accelerator

Location: Selangor, Malaysia
Industry: All Industries
Investment Size: Not Disclosed
Program Length: 12 Weeks
Equity Taken: Not Disclosed

RAVe Accelerator program organized by New Entrepreneurs Foundation is a 12-week business accelerator program that works towards helping companies through lean business methodologies. They help startup businesses through mentorship from curated business experts, business methodology, practices, validation of business ideas & design, assistance in customer discovery & development, product-market fit, financial business modeling, market strategy, access to capital, demo day programs, pitching opportunities in front of investors, and growth-enabled resources essential to move forward and grow in the industry.

Apply to RAVe Accelerator, or learn more ➜

8. Cyberview Living Lab Accelerator

Location: Selangor, Malaysia
Industry: Technology Industry
Investment Size: Not Disclosed
Program Length: 5 Months
Equity Taken: Not Disclosed

Cyberview Living Lab Accelerator's business accelerator program offers a tailored growth program for the participating businesses. This program is located in Cyber Jaya Smart City and helps aspiring startups in the niche of FinTech, Retail Technology, AI, Robotics, Big Data, Healthcare, Smart Grid, Urban Automation, and Transportation. It is a detailed and intensive business program that provides participants with prototyping opportunities, coworking space, business services, complimentary access to demo day programs, and networking opportunities with investors.

Apply to Cyberview Living Lab Accelerator, or learn more ➜

9. MAD Business Incubation Program

Location: Kuala Lumpur, Malaysia
Industry: All Industries
Investment Size: Not Disclosed
Program Length: 21 Months
Equity Taken: Not Disclosed

MAD Business Incubation Program helps early-stage business startups to develop into successful and sustainable business firms. They provide participants with business training, tools, strategic business resources, business coaching, developmental marketing & fundamental resources, entrepreneurship education, acceleration services, hands-on business expertise, and networking opportunities to facilitate the faster growth of business firms. This business program assists businesses in the niche of e-commerce, fintech, mobile tech, healthcare, food & beverages, ICT, tourism, biotech, and retail tech. It follows a three-step process for the businesses to grow and expand in the industry.

Apply to MAD Business Incubation Program, or learn more ➜

10. Super Charger

Location: Kuala Lumpur, Malaysia and Hong Kong
Industry: Fintech Industry
Investment Size: Not Disclosed
Program Length: 12 Weeks
Equity Taken: Not Disclosed

Super Charger is a fintech accelerator that assists fintech startups to grow and move forward in the industry. This accelerator program takes no equity in the startups & scale-ups and provides participants with mentorship from experts, networking opportunities, corporate access, business solutions, access to workspace & business events, and acceleration & incubation services. Some portfolio companies are Audit XPRT, Curlec, Heckyl, Motions Cloud, Laka, Perx, Sales Candy, and more.

Apply to Super Charger, or learn more ➜

11. CodeAr.my

Location: Selangor, Malaysia and San Francisco
Industry: All Industries
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

CodeAr.my runs an innovative business program that empowers entrepreneurs by assisting them to turn their business ideas into reality by building successful and viable products & services. They provide them with curated business resources and hands-on business experience to their innovative ideas into reality. This structured business program accelerates startups, eliminates risk, and unlocks new business ideas. They also provide participants with startup & entrepreneurial skills, mentorship, fundraising opportunities, guidance to build a portfolio, essential resources to grow & succeed in the industry, and a startup business curriculum.

Apply to CodeAr.my, or learn more ➜

12. Sunway iLabs

Location: Selangor, Malaysia
Industry: Technology Industry
Investment Size: Not Disclosed
Program Length: 3 Months
Equity Taken: Not Disclosed

Sunway iLabs hosts a business program to help startup businesses reach the next level in the industry. The mission of this program is to inspire, build, launch and scale innovative startup firms. They stimulate & instill entrepreneurship & market-driven business solutions of the industry, turn prototyping business ideas into actual products through market validation, and provide a testbed or a platform for the businesses to launch successfully in the industry. This business accelerator program provides the participating companies with the 3 Ms- money, mentors, and markets. They focus on helping under the business verticals of; edutech, fintech, smart cities, digital health tech, agritech, food tech, and e-commerce.

Apply to Sunway iLabs, or learn more ➜

13. Incite Capital

Location: Selangor, Malaysia
Industry: Fintech, Acctech, and sustainable businesses
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

Incite Capital operates a business program that assists entrepreneurs working under the niche of fintech, acctech, and sustainable businesses. This business majorly includes; lending & payments sector, digital banking, blockchain, accounting, taxation, analytics, workflow, retro-eco development, renewable energy, and education & training sector. This business program provides participants with business insights, knowledge, incubation services, growth potentials, business methodology, growth-enabled business resources to accelerate the success, digital business technologies, and investment essential to building thriving businesses in the industry.

Apply to Incite Capital, or learn more ➜

14. TH Capital

Location: Kuala Lumpur, Malaysia
Industry: Fintech, IoT, Gaming, and E-Commerce
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

TH Capital's business program empowers and accelerates entrepreneurs of the industry by allowing them networking, funding, and growth opportunities. This business program acts as a platform that provides participants with strategic business mentorship, strong networking & business opportunities, capital infusion, and business consultancy. The focus of this program is to provide entrepreneurs with the latest technology & innovation, build sustainable tech startups, and invest in high-growth tech ventures. It majorly helps businesses running in the niche of e-commerce, mobile gaming, fintech, and IoT.

Apply to TH Capital, or learn more ➜

15. Xcerator

Location: Kuala Lumpur, Malaysia
Industry: Online Businesses
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

Xcerator runs a business program that assists individuals to become successful online business entrepreneurs. This business program serves product owners and manufacturers & assists them to make products & services, and provides them with offline & online business channels, O2O business matchmaking, e-commerce integration, training, seminars, networking opportunities with experts, and information about products branding & marketing.

Apply to Xcerator, or learn more ➜

16. Scale Up Malaysia

Location: Kuala Lumpur, Malaysia
Industry: All Industries
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

Scale Up Malaysia hosts a business accelerator program that assists high-growth companies of the Malaysian industrial ecosystem. This business program helps startups to go beyond the ideation stage and initialize product-market fit essential to reach the next stage of business growth. The focus of this business program is to help companies become profitable through viable revenue models. This program invests time, money, and experience & provides startups with networking opportunities with experts & potential investors, business management skills, developmental resources, and business strategies & models.

Apply to Scale Up Malaysia, or learn more ➜

17. ADAPT

Location: Selangor, Malaysia
Industry: Proptech Industries
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

ADAPT, or Asia Development or Proptech Technology runs a business venture program that serves the real estate industry through the latest technological solutions. It improves the quality of life by providing cutting-edge solutions to agents and homeowners. They also host a business accelerator program whose mission is to accelerate and supercharge the growth of entrepreneurs working in the niche of the prop tech industry.

Apply to ADAPT, or learn more ➜

18. Impact Accelerator

Location: Malaysia, Singapore, Sri Lanka, and Philippines
Industry: Impactful Businesses
Investment Size: Not Disclosed
Program Length: Not Disclosed
Equity Taken: Not Disclosed

Impact Accelerator majorly helps business enterprises in South and Southeast Asia. This business program accelerates the growth and success of entrepreneurs and provides them with mentorship, business advice, technical assistance, curated business services, assistance to become investment ready, business skills, pitching opportunities, business knowledge & insights, research opportunities, and capital raising opportunities.

Apply to Impact Accelerator, or learn more ➜

meet the author

Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.

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