FAQ - Accelerator | Securities Commission Malaysia

FAQ

What is FIKRA ACE - Accelerator?
FIKRA ACE is an initiative that aims to enhance the Islamic capital market (ICM) ecosystem by facilitating development of Islamic fintech as enablers through structured approach. FIKRA ACE comprise of three components, namely FIKRA ACE-Accelerator, FIKRA ACE-Circle, FIKRA ACE-Excel.

The FIKRA ACE - Accelerator is a platform for fintech companies to develop innovative solutions that may contribute to the advancement of the Islamic finance, particularly Islamic capital market - through a structured six (6) to eight (8) weeks accelerator programme.
What are the focus areas for the FIKRA ACE - Accelerator 2024?
For Cohort 2024, the SC seeks start-ups with potential solutions and ideas that may contribute to Islamic capital market in the following areas (but not limited to):
New ICM Offerings: New ideas, products or services uniquely developed for ICM. We hope to see tech-based fintech ideas and solutions that can deliver the value propositions of Islamic finance in its offerings.
Enhance ICM products & services: Fintech ideas and solutions that can democratise the market with innovative products or services that will enhance accessibility and provide greater inclusivity into the ICM. We seek for tech-based ideas or solutions that can strengthen the role of ICM and improve delivery and accessibility of ICM products and services to wider market participants.
Digital adoption: Fintech solutions that facilitate or enhance digital adoption among ICM industry market players.
Is the FIKRA ACE - Accelerator 2024 open to individuals?
Yes, the application is open to individuals and registered companies¹ .
Does my solution need to be based in Malaysia?
No, while your application does not need to be based in Malaysia, it would be useful to consider plans to deploy your solution in Malaysia.
How do I submit my application for the FIKRA ACE - Accelerator 2024?
The application form for the FIKRA ACE - Accelerator 2024 is available here
How will the accelerator programme be conducted?
Shortlisted applicants will participate in a 6-8 week virtual accelerator programme with dedicated support and capability training from expert coaches to support the refinement of the proposed solutions. Following the completion of the virtual programmes, top 10 shortlisted participants will be pitching to a panel of judges during Demo Day. Top three winners will be selected from the pitching during Demo Day.
When is the closing date for applications?
31 July 2024, 11.59pm Malaysian time (GMT+8).
Who will select the winner(s) for the FIKRA ACE - Accelerator 2024?
Winner(s) will be chosen by a panel of judge comprising representatives from the organiser – Securities Commission Malaysia and FIKRA ACE collaborative partners.
When will the winner(s) be announced?
Winner(s) will be announced by the end of Demo Day during the award presentation ceremony.

A company incorporated and registered with the relevant authority in its home jurisdiction. There is no restriction on the company’s geographical location.