ScaleUp Malaysia names 20 startups in second cohort

Startup enabler ScaleUp Malaysia has officially launched the second cohort of its accelerator program powered by Quest Ventures.

ScaleUp Malaysia managing partner Andre Sequerah / Photo credit: ScaleUp Malaysia

The launch, which was held virtually on October 22 this year, saw 20 growth-stage startups selected based on their propensity to disrupt existing markets and solutions and take advantage of opportunities brought by the current economic climate.

The participating startups will undergo a three-month business coaching bootcamp, which includes group-based training on product management, finance, strategic planning, valuation, and market access, among others.

They will also be part of a month-long investor readiness activity to prepare them for fundraising before presenting their solutions at the end of the accelerator.

“Looking beyond the direct benefits that you will attain from this accelerator, we are also placing greater emphasis on access to capital, global expansion strategies, and market access, which is why we have joined forces with Quest Ventures,” ScaleUp Malaysia managing partner Andre Sequerah said in his briefing to the participants.

Startups included in the cohort are:

• Quadby is a community app for students to find and chat with peers on campus.
• Genyouth is a platform that prepares youth for the workplace by giving them opportunities to acquire the necessary skills and experience.
• Hire.seniors connects experienced professionals, seniors, and retirees to companies in need of experienced and skilled resources.
• ERTH (E-waste Recycling Through Heroes) is a social enterprise that specializes in collecting and recycling electronic waste from households and businesses.
• Smartfund is a business-to-business invoice financing platform that digitizes the process from uploading receivables, verifying them, and exchanging documents for cash in a secure and trustworthy environment.
• Ezyoffice is an innovative commercial fit-out and leasing provider that strives to revolutionize the office renovation industry by providing business owners with convenient and cost-efficient options.
• Fefifo is pioneering digitalized and standardized farming in modern ready-to-farm spaces in Southeast Asia.
• Hatio is a technology provider specializing in supply chain and logistics.
• Hauz is a data-driven enterprise solution that manages and monitors mobile workforce operations in the service industry.
• Homa2u is an online-to-offline building materials and interior finishes marketplace.
• Kiddocare is an online platform that connects parents with trained Malaysian babysitters and early childhood education providers.
• Load 2 Go Logistic is a logistics platform that focuses on delivery solutions for heavy industrial materials.
• MMC Group is a foodtech company that provides both hardware and software solutions.
• Mybump Media is a car wrap advertising company that matches brands with drivers.
• Pomen is a software-as-a-service automotive maintenance platform that targets fleet companies and vehicle owners.
• Qijang empowers enterprises by offering them technologies that enhances business transformation.
• Supervisor.my helps corporates and homeowners manage and supervise their renovation works.
• Tanalink is a deep-tech precision and smart agriculture company that looks to connect planters to their land using data.
• Recqa is a platform that preserves collective knowledge so that organizations can connect and align people, processes, and best practices.
• Virtual X helps industrial companies optimize their entire operational supply chain.

Founded in 2019, ScaleUp Malaysia operates on the concept of building “pegasus” companies, or those building fast-growing profitable businesses. It unveiled its first cohort in December last year, which also involved 20 growth-stage startups.