Social Impact Challenge Accelerator (SICA)

By MAGIC

COUNTRY

Online and Malaysia

Date & time

07 June 2021

11:59pm

-

07 June 2021

About this event


Supporting and enhancing the adoption of impact-driven solutions in tackling social and environmental challenges.

The Social Impact Challenge Accelerator (SICA) is a problem-solving challenge that seeks commercially-driven solutions to social and environmental challenges, with winners receiving exclusive access to an impact-based Accelerator for a chance to receive tailored financial and non-financial funding from our partners!

Prize & Rewards

  • Cash prize for winning Impact Challenge
  • Exclusive access to an impact-focused and SDG driven Accelerator, curated in partnership with the United Nations Development Programme (UNDP)
  • Post Demo Day, stand a chance to receive customised post-accelerator support and 1:1 matching grant

Partners

Impact Challenge Impact Accelerator Benefits
Citrine Capital Sdn Bhd UNDP Microsoft for Startups
Khazanah Nasional Berhad Sunway iLabs
Selangor Maritime Gateway

 
How SICA Works

Compete, Accelerate & Receive Support – all in one platform!

Phase 1: The Impact Challenge
9 weeks
19 May 2021 – 21 July 2021
Join a challenge & win access to Impact Accelerator
Phase 2: An Impact Accelerator
8 weeks
August 2021 – October 2021
Be involved and learn:
– Impact scale-up
– Impact measurement
– Impact investment
– Technology readiness
Phase 3: Post Accelerator Support
+ Post Demo Day, stand a chance to secure fundings, access to network and in-kind support
+ Plus 1:1 matching grant available for eligible participants

 
Phase 1: The Impact Challenge

Curated in collaboration with our partners. Choose your preferred Impact Challenge and Submit your application!

Enhancing Ageing Services for Malaysians by Khazanah Nasional Berhad

How can we provide accessible and affordable solutions to support the ageing community in Malaysia

Up to RM300,000 in development grants

Post Accelerator Support: Potential collaboration opportunity with Khazanah Nasional Berhad

Application Opens: 12 pm (GMT+8) 4 May 2021
Application Closes: 11.59 pm (GMT+8) on 7 June 2021

Visit Khazanah Nasional Berhad’s for the criteria & to apply!

Upcycling River Waste to Wealth by Selangor Maritime Gateway

How can we use green innovation to convert river waste into a functional sustainable product with commercial value?

R&D funding from a pool of RM50,000

Post Accelerator Support: Secure up to RM100,000 in grants and collaboration opportunities with Selangor Maritime Gateway and its supporting partners

Application Opens: 12 pm (GMT+8) 19 May 2021
Application Closes: 11.59 pm (GMT+8) on 23 June 2021

Visit Selangor Maritime Gateway’s for the criteria & to apply!

Educating the Future by Citrine Capital Sdn Bhd

How can we equip the young generation with the right knowledge and skills fit for the future?

Cash prize from a pool of RM50,000

Post Accelerator Support: Opportunity to receive an investment of RM100,000-500,000 from Citrine Capital (T&C Apply)

Application Opens: 12 pm (GMT+8) 19 May 2021
Application Closes: 11.59 pm (GMT+8) on 23 June 2021

Visit Citrine Capital’s website for the criteria & to apply!

Phase 2: Impact Accelerator

Winners earn exclusive access to an impact-focused and SDG driven accelerator, created in partnership with UNDP.

Stretched across 8 weeks, winners will join workshops and present at Demo Day for network and funding opportunities.

  • Receive a monthly stipend worth RM1,000 & a support and care pack worth RM500
  • Featuring contents on:
    • Impact Scale-Up – Strengthen and refine impact delivery strategies and entrepreneurship model
    • Impact Management & Measurement – Equip your organisation with the right tools and knowledge in tracking impact
    • Impact Investment Readiness – Understand the impact investment spectrum and devise the right funding structure
    • Technology Readiness – Enable and scale your impact potential with technology adoption

Phase 3: Post Accelerator Support

Make it count, it is time to shine! Secure customised support from our partners on SICA Demo day.

+ Plus double the financial support gained through a 1:1 matching grant! Terms & conditions apply.

We have also curated additional support for you

  • Access to government procurement opportunities with direct assistance to join Program Perolehan Impak Social Kerajaan (PPISK)
  • Microsoft for Startups credit with minimum value worth USD120,000 and up to USD250,000
  • Sunway University expertise and R&D facilities
    • Receive up to 3 hours of technical mentorship with experts from Sunway iLabs, or its ecosystem
    • Exclusive discount of up to 15% for contract research or consultancy with Sunway University
    • Potential opportunities for market validation initiatives around Sunway City!

Terms & conditions apply to all post accelerator support

Are You Ready for SICA?

Each challenge has its own criteria, so please do check them out. As a minimum, your organisation will need to meet the following:

  • A legally registered business enterprise with solutions/ideas creating impact in Malaysia and relevant to the identified problem statement
  • Required to have a commercially-driven business model, non-profit organisations (NPOs) are not eligible
  • With Minimum Viable Product or market-tested/proven prototype ready to be launched
  • At least 12 months track record, either financial or commercial
  • A strong team with diverse skill sets and at least 3 participating team members including 1 founder and 2 other instrumental roles
  • With solid evidence of potential to scale your impact

FIND OUT MORE!

Visit us at www.mymagic.my/sica for more information.

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