Deepti Sri · · 2 min read1337 Ventures opens applications for 43rd cohort of digital accelerator
Malaysia-based 1337 Ventures, a VC firm that focuses on early-stage startups, has opened applications for the 43rd cohort of its Alpha Startups digital accelerator program.
The 1337 Ventures ECF accelerator team / Photo credit: 1337 Ventures
The six-week program will guide entrepreneurs from the ideation stage of their firms to the minimum viable product phase. They can also seek consultations with industry experts and mentors to accelerate their business.
Participants may receive up to 50,000 ringgit (US$11,220) as pre-seed funding and up to 100,000 ringgit (US$22,436) in Amazon Web Services cloud credits, digital skills training, and job portal credits, among others.
Established in 2012, 1337 Ventures has served over 1,000 startups from five countries. The VC firm has launched accelerators for companies including FWD, NTIS, Bank Negara Malaysia, Khazanah Nasional, Telekom Malaysia, Digi, the Malaysia Digital Economy Corporation, CIMB Bank, RHB Bank, and Maybank.
See also: Has Malaysia’s largest VC lost its luster?
Previously, 1337 Ventures mentored startups in Malaysia like BloomThis, ParkEasy, Eat Cake Today, and Maideasy, which were all part of its accelerators in the past.
The Alpha Startups digital accelerator program will close with a virtual demo day, where teams can present their concepts to investors and VCs. Past notable judges in the program include Suresh Thiru, former CEO of Seek Asia, Syed Haizam, managing director of The Hive Southeast Asia, and Tony Yeoh, CEO of Digital Penang.
Editing by Miguel Cordon and Jaclyn Tiu
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