Public-Private Partnership to spur innovation and economic growthScaleUp Accelerator Sdn Bhd and Proficeo Consultants Sdn Bhd have joined forces to launch 100 Soonicorns, a 12-month programme designed to groom the next unicorns of Malaysia.
Coined from the phrase “soon-to-be unicorns”, Soonicorns are startups with a growth potential to become unicorns. Soonicorns are typically technology-based startups that display exponential scaling prospects and have received funding from an angel investor or venture capitalist. To participate, invited startups need to have raised at least US$1 million from a Venture Capital firm or institutional investor; or have generated at least US$2 million in revenue over the last 12 months.
An entrepreneur with a successful exit to his resume, Andre is well aware that the higher one climbs, the more obstacles faces and, conversely, the lonelier the journey. “The margin between success and failure is slim and without both guidance and peer support, startups either become stagnant or deteriorate over time.
Dr Sivapalan Vivekarajah, Chief Evangelist of Proficeo shared: “100 Soonicorns will act as a catalyst of growth for our startup ecosystem and a springboard of success that will uncover new economic opportunities for the nation. The programme will also highlight these startups as Malaysia’s most promising companies, placing them in the spotlight of global investors.
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