KUCHING: Tabung Ekonomi Gagasan Anak Sarawak (Tegas) and Sunway University are coming together to help budding university student entrepreneurs develop their business ideas and succeed.
The Digital Village and Digital Innovation Hub of Tegas is partnering with Sunway Innovation Labs (iLabs) of the university for this LaunchX programme.
LaunchX is a 3+2 months university start-up accelerator programme that turns validated ideas into fundable start-ups.
“We are thrilled to partner with Sunway iLabs – the innovation arm of Sunway University and Sunway Group – for the 2023 LaunchX programme.
“Last year, in conjunction with the Borneo Corporate Innovation Summit held at Tegas Digital Village, Tegas and Sunway Education Group entered a memorandum of understanding (MoU) to accelerate the growth of local start-ups in Sarawak, in line with our PCDS 2030,” said Deputy Minister of Urban Planning, Land Administration and Environment Datuk Len Talif Salleh, who is also Tegas chairman.
He also announced that the flights and accommodation for Sarawakian students selected for LaunchX will be covered by Tegas.
“I highly encourage our local universities to promote this programme to their students, and I look forward to seeing more Sarawakians participating in this accelerator programme,” he added.
The programme will run from March to August this year and is open to all university student entrepreneurs in Malaysia, particularly those with validated problem-solution fit, a prototype and alignment to the 17 UN Sustainable Development Goals.
Selected participants will be receiving exclusive startup benefits worth up to RM100,000, investment opportunities, market access, and mentorships from key industry leaders and venture capitalists, and more through LaunchX.
LaunchX was first introduced as a pilot programme last year and has helped students develop their business ideas and transform them into fully-functional business models with ensured product-market fit and allows teams a real opportunity to form their own company.
The programme has produced five alumni namely, Greenbox, Kita, Homies, Opack and Hypocollect.
Applications are now open and for more information about LaunchX, visit https://sunway.my/LaunchX.
