Saturday, March 13, 2010

MAD Biz Xcelerator Program

The MAD Biz Xcelerator program was crsytalised to help companies relook at the business models and chart out key action plans to drive their busines growth within the next 2-3 years. Recently, MAD Incubator was looking at some 30+ MSC Malaysia Pre-seed recipients and we have shortlisted 10-12 companies for final shortlisting. MAD and MSC Malaysia is working towards identifying 20 companies for this program and we hope we will be able to find this 20 within the next 2-3 weeks.

The Biz Xcelerator program includes 2 months intensive work on the business model and financial modelling and 6 months of business incubation in which MAD will assist these companies to drive home their action plans, gain traction and market access and eventually obtain angel or venture capital investments. What we hope to achieved is that these companies will be incubated and given the push to grow traction for their business. By the end of the program, we envision that these 20 companies will be in a better position to secure funding for their next growth expansion.

Selected companies will also be invited to the MAD TechVentures50 Conference - a tournament-style launching platform where startups demo their products in front of the audience and panel of experts. Companies will get their 10 minutes of ame to show their stuff and plenty of direct feedback from the audience and panel of experts. The winner will take home a cash prize.

For more information about the Biz Xcelerator program, please contact MAD Incubator at 03-89941750. Ask about the Biz Xcelerator or BizStart Program.

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