Leave a Nest and the Malaysian Research Accelerator for Technology and Innovation (MRANTI) is collaborating on the highly anticipated Global Market Fit Programme (GMP) Japan to support high-growth startups seeking to expand their business presence in Japan.
“GMP 2022 value creation for 18 companies was RM5.4 million. This year, MRANTI is thrilled to assist 25 new innovative companies to embark on their next phase of growth. This initiative is poised to become one of Malaysia’s most prominent global market-entry programs, highlighting its significance this year,” said Dzuleira Abu Bakar, CEO of MRANTI.
The GMP is seeking companies prioritising R&D solutions with intellectual property registered in Malaysia or are majority Malaysian-owned. Startups in various sectors, including Manufacturing, Robotics/Drones, IoT, AI, Agri-tech, Biotech, Healthcare, Med-tech, Food-tech, Care-tech, Marine-tech and Ecotech are encouraged to apply.
Selected participants in the program will have the opportunity to gain a significant program value. Over a two to three month period, from July to October, participants will engage in a comprehensive series of physical and virtual workshops, match-making meetings, and mentorship sessions. The programme will guide participants on localising and validating their business models, strategising their market entry, and preparing their products and solutions for needs analysis and value creation frameworks.
Additionally, participants will benefit from networking opportunities, gaining valuable business insights, and receiving technical support through one-on-one mentoring sessions from Leave a Nest ecosystem partners. They will have the chance to meet with potential investors, industry associations, and prospective partners to explore collaboration opportunities and contracts during the validation trip to Tokyo and Osaka.
It is projected that each participating company will generate US$109,000 (RM500,000) in value creation over a span of 24 months, achieved through prototype contracts, development contracts, partnerships, IP licensing, subscriptions, and other collaborations.
To be eligible for the programme, companies must demonstrate a minimum revenue of RM1 million, possess commercialised products with a minimum Technical Readiness Level of 6 or higher, have a proven stream of business transactions, and maintain a solid financial record.
Applications for the Global Market-Fit Programme are now open, and interested startups can apply or inquire at www.mranti.my/gmp. The deadline for applications is July 30, 2023.
