Kuala Lumpur, Malaysia – 14 August 2024: NEXEA announced a revolutionary collaboration with Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”), Exitra, and several other major corporations in the Startup-Corporate Matching Programme. The main objective of this partnership is to connect startups with well-established corporations and innovative tech companies for potential collaboration, fostering groundbreaking innovation in Malaysia's startup ecosystem and beyond.
The combined resources and expertise of NEXEA and Allianz, along with NEXEA's collaboration with Exitra, shape a dynamic entrepreneurial landscape by utilizing collective knowledge. These partnerships not only leverage unique abilities but also open up countless possibilities for creativity, expansion, and extraordinary achievements. The Startup-Corporate Matching Programme, an exclusive initiative by NEXEA, utilizes its expertise and network to pair startups with corporations for exploring new markets and forming partnerships, joint ventures, investments, and acquisitions.
“All startups looking to collaborate with corporates should apply to leverage the support that large corporations can provide. Our invested Startups have got huge revenues, millions in investments, and strong long-term partnerships with Startup-friendly corporates, giving them an advantage over their competitors” said Ben Lim, CEO & Founder of NEXEA.
Enrolling in this programme offers startups numerous benefits, including securing corporate clients, building relationships with potential acquirers, enhancing collaboration capabilities, and potentially securing investments or strategic partnerships.
“We are thrilled to enter into our fifth year of collaboration with NEXEA. We recognise the continued value NEXEA brings to the Malaysian start-up community. As a leading insurance brand worldwide, we are happy to extend our support. This collaboration has helped grow our partnership with local start-ups over the past few years.” said Sean Wang, CEO of Allianz General.
Each year, the programme matches 30 startups with 10 corporate partners, introducing each startup to five to ten corporations, which results in an average of five successful collaborations. The programme runs for five months, ensuring a focused and efficient partnership process. Past cohorts have significantly benefited, collectively securing RM4,500,000 in funding.
Startups from various industries and stages of development are invited to participate, provided they have a minimum viable product (MVP) and a clear value proposition for corporate partners. Selected startups will take part in a wide array of activities, including workshops, mentoring sessions, pitching events, and networking opportunities with corporate partners and other important stakeholders. These activities aim to boost the startups' growth and integration into the corporate world, equipping them with valuable resources and connections to drive their success.
“Exitra's partnership with NEXEA aligns perfectly with our vision of fostering innovation and driving sustainable growth," said Kevin Teoh, COO at Exitra. "We believe that by working closely with local startups, we can identify and invest in groundbreaking technologies and business models that will shape the future. As part of this partnership, Exitra will be actively scouting for startups with high growth potential, focusing on areas such as data-driven solutions, large language modeling, data warehousing, IoT for monitoring transparency, and industry-specific applications in healthcare, hospitality, and logistics.”
The programme welcomes applications from startups across a range of sectors, such as fintech, insurtech, blockchain, e-commerce, property, FMCG, logistics, environment, waste and water management, and hospitality. By connecting with over 80 corporations within these industries, the programme provides opportunities for entrepreneurs to develop innovative solutions and form valuable partnerships.
For Startups keen to learn more about the programme, visit Startup Corporate Matching Programme.
About NEXEA
NEXEA is a Malaysian Venture Capital and Startup Accelerator firm specializing in supporting and funding technology companies that can potentially be the next technology giants. NEXEA also has services for investors and corporations that want to invest or work with future technology giants.
NEXEA is known for its mentors who are successful ex-entrepreneurs or C-levels who own or sell their businesses (IPO, M&A). The combination of experienced mentors, experts, and partners proves potent as the top companies out of 35+ startups invested by NEXEA have grown 3 to 16 times yearly. NEXEA is based in Bandar Sunway, Selangor. For more information, visit us at http://www.nexea.co
Media Contact Person:
Soo Shee Chien
sheechien@nexea.co
Marketing Executive
