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FAQ

Frequently Asked Questions

1What kind of companies do you accept into the company?
We accept all types of startups, working in all verticals, using any type of business models. Do keep in mind, however, that our focus is on tech startups rather than small businesses.
2Do you have specific verticals that you focus on?

We are vertical agnostic. We look for tech startup founders who can execute, and in big markets. The sectors that we focus on include:

  • Tech Startups
  • STEM
  • Social Enterprises
  • Digital Business
  • Digital Creatives
  • Artists and Artisans
3Do you accept companies/startups with a single founder?"

No. As a state funded programme, the condition for participating companies/startup is that the equity ownership of at least one of the company/startup's co-founder is a Sarawakian. The company can be based anywhere in the world.

4What is the minimum equity ownership of the Sarawakian co-founder for the company to be eligible for the programme?

The minimum equity of the Sarawakian co-founder is 51% to be eligible for the programme.

5Do you accept single founder or do you only accept teams?

While we don't screen applications just because they have a single founder, it does make things more difficult for the selection process. The question we ask is, and for your sake as well: do you have all the skills your company needs to succeed?

We look for great, balanced teams who have a full range of skills. We strongly advise you to seek co-founders who balance your skillset. For example, if you're a strong developer, you might consider adding someone with business and/or marketing experience. If you're great business evangelist with no developer, it's very unlikely we'll accept you into the program, so go find a rock star developer to join you! We hope you find your team and tribe, as the startup journey can be quite the challenge.

6How many of our team would need to participate in the programme?

At least one representative from the team needs to be present fir each session. It does not need to be the same person each week.

We welcome additional team members to join us and believe our programme is a good time to involve the entire team. Ultimately, we leave this up to you.

7Will the programme be held virtually?

Yes. We are virtual-first. When appropriate, we'll begin reintegrating the best features of our in-person format.

8What is the cost of the programme should my company be selected?

The programme is fully funded by the Sarawak State Government hence it is free to attend for selected startups.

9What criteria do you use to select your companies? AKA: "The Goldilocks Zone"

The "Goldilocks Zone" for the Accelerator is that you are pre Series A, and:

  • A growing revenue
  • A mature product or service
  • Deep tech startups: an MVP and a strong technical team

Only when your startup's product is mature, and you have a core team; then can you focus on growing your customer base and land world-class investors.

10How can we get funded after DiVA ends?

As a selected startup, the programme provides the seed funding to get you going, but you may well need more funding to really make it. Near the end of programme, a Demo Day will be organised where angel investors and venture capitalists will check out your technology and listen to your pitch. The programme is designed with coaches to prep you so you're as effective as possible, and provide support to help you follow up on funding opportunities.

11I have a great idea, but I haven't built an MVP. Can I still apply?

If you just have an idea, you're too early for the Accelerator. A Minimum Viable Product (MVP) is worth a thousand powerpoint slides -- build one!

12Do you have office space we can use for the duration of the programme?

Yes. The office space provided will be located at TEGAS Digital Village.

13What are other benefits that we can get from participating in the programme?

Among other benefits of participating in the programme includes AWS Credits, access to investors, mentorship, market access and a potential feature in Crocodile Byte.

  1. Office space at Digital Village and Innovation Hub by TEGAS for the programme period.
  2. AWS Credits up to USD 5,000.00
  3. Access to investors through pitchIN and MBAN. Exclusive discount on pitchIN Platform.
  4. Potential feature in Crocodile Byte's Special Episode.
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