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For Startups

Founders Grit Seed Programme (FGSP) is an opportunity for tech startups to pitch and seek funding from a panel of investors to accelerate their business. 

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For Investors

Get in early and pick startups to invest in through a private, closed-door, exclusive pitching session. Email us at contact@digitalpenang.my with subject title RE: Founders Grit Seed Programme for more information!

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About Founders Grit

An 8-week pre-accelerator programme for early stage tech startups.
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THE

FGSP JOURNEY

1. APPLICATIONS

2. SHORTLISTING

3. PRE-ACCELERATOR BOOTCAMP

4. Founders' Grit Pitch Day

5. NOMINATED ACCELERATOR PROGRAMME

6. FOLLOW-ON FUNDING / DEMO DAY

THE

REQUIREMENTS

Register for the programme

Applications for Cohort 3 are now open! Sign up now at http://bit.ly/FoundersGritCohort3 as registrations will close on 26 December 2022. 

Upload your pitch deck

A brief presentation that provides an overview of your startup in 10-20 slides including the vision, problem, target market and solution. Go to http://bit.ly/FoundersGritCohort3 for more info.

List your core team members

Don’t forget to include a slide on your team and their competitive advantages, why they are the right people for this journey.

Include revenue and financials

Have slides on your solution, revenue, business model, traction and validation, roadmap, target market and opportunity.

Always have your "ask" slide

Probably the most important slide in a pitch deck is to ask for what you need for your startup to succeed whether it is funds, hiring talent, mentorship, etc.

THE

PERKS

cloud credits
  • Claim up to USD$5,000 worth of cloud credits from Amazon Web Services (AWS)
  • Up to USD$10,000 worth of cloud credits from Freshworks
mentor & network

Get exclusive invites to our networking sessions to connect with successful founders, mentors, investors, subject-matter experts, and more!

Market Access

Golden opportunities await your startup to run pilot programmes, test the markets and local to global exhibition opportunities!

Access to money
With partnerships from VCs, angel investors, federal agencies like the NTIS Sandbox, MDEC, MRANTI, and more, we open the doors for you to pitch your startup to our investors and ecosystem partners and help you raise the funds you need.

FAQ

FOR STARTUPS

1. What are the startup programmes for the Founders’ Grit Seed Programme?

The FGSP programme includes: 

  • Pre-accelerator Kickstart
  • 8-week pre-accelerator bootcamp,
  • Triannual Founders’ Grit Pitch Day event and networking
2. Who and why should I apply?
Be a part of the first cohort of Digital Penang’s inaugural seed programme funded by a public-private partnership in collaboration with high-net-worth Individuals and corporations. We are looking for early-stage startups with a minimum viable product looking to increase revenue, find product-market fit, and scale to the next level.
 
3. What do I get if my startup is shortlisted?
As a shortlisted startup in the Founders’ Grit Seed Programme, we will invite you to our triannual Pitching events which are exclusive, private, closed-door, and invite-only. Pitch alongside the best startups in the region and get investment from our panel of angel investors, VCs, and ecosystem partners to accelerate and grow your startup! 
 

4. How do I apply? 

Thank you for your interest! Please start by submitting the form here: http://bit.ly/FoundersGritCohort3. You can also send us an email at contact@digitalpenang.my. 

FOR INVESTORS

1. What is the Founders’ Grit Seed Programme (FGSP)?

The Founders’ Grit Seed Programme is the first seed fund in Penang by Digital Penang that is a collaboration between the public and private sector in helping startups access money, markets, and mentors both regionally and globally.
 
2. Why and who should join the Founders’ Grit Seed Programme?
Be a part of the upcoming cohort of Digital Penang’s inaugural seed fund funded by a public-private partnership in collaboration with high-net-worth Individuals and corporations. We are looking for seasoned investors, first-time angels and successful entrepreneurs.
 
3. What do I get as a FGSP investor?
As an investor in the Founders’ Grit Seed Programme, we will invite you to our triannual Founders’ Grit Pitch Day events which are exclusive, private, closed-door, and invite-only. Witness pitches from the best startups in the region and invest early in the ones you want to support by providing them with access to money, market, and/or experts! 
 
4. How do I invest in FGSP? 
Thank you for your interest! Please reach out to us by emailing contact@digitalpenang.my with the subject title RE: Founders’ Grit Seed Programme. Alternatively, call us at 604-8350307. 
 
5. What is Angel Tax Incentives?
Angel Tax Incentive is a new initiative approved by the Government to encourage more early stage investments by the private sector. This incentive hopes to reduce the risks usually associated with early stage investments by giving back in the form of tax exemption to the investors. For more information, please go to https://mban.com.my/angel-tax-incentive.

Contact Us

604 – 8350307
contact@digitalpenang.my
No. 15B & 16B,
Bangunan Wisma Yeap Chor Ee,
Pengkalan Weld,
10300 George Town, Pulau Pinang

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