The IdeaThe Company/TeamFinancial ScopeTransparency
The Innovative Concept : Crazy Enough to Change The World
The technology fits into any of the technology categories.
The submitted concept should have at least a ready proof of concept (POC) in the green technology product/services, which means that the technology is at least in the pre-commercialisation stage of development, or is already available in the market with the intention of capturing a bigger market.
The company owns or intends to acquire intellectual property (IP) of the technology submitted to the GCIP Accelerator Programme. The technology should contain technological innovation leading to commercialisation of innovative products, processes and/or services.
The Company/Team: We Want the Avengers Not Just Iron Man
The company is in operation with a minimum of two (2) employees, and the founder must be Malaysian.
You may apply to the accelerator and form a team/ company later on; a registered company is not a requirement to apply. However, a legal entity must be created prior to the Final Round of judging (so as not to present awards to individuals), and any such legal entity must have an ownership structure and registered as an Enterprise or Company under the Companies Commission of Malaysia (SSM).
The company should reside in Malaysia and operate with a minimum 51% of the company’s equity held by Malaysians. The company should conduct most of its activity related to sales, marketing, R&D and administration in the country.
One member, preferably the Founder to participate in meetings, calls, and events that are part of the program. If the team is accepted into the semi-finals.
Finance and Finesse
The company has a minimum paid up capital in cash of not more than RM 1 million in its total financial history
The company has not received more than USD 5 million from any third party funding prior to the deadline of submission
Transparency: We Just Play it Fair
Team directors/members are not to have any involvement with the organising parties of the Accelerator, whether as mentors, judges, volunteers or any other supporting role. Immediate family members of the aforementioned people are also ineligible.
Team directors/members have not been convicted for fraudulent activities, nor has the company been declared bankrupt, under liquidation or placed under receivership
Global Cleantech Innovation Programme
Malaysian Industry-Government Group for High Technology (MIGHT)
3517, Jalan Teknokrat 5, 63000