ECX24 Returns with RM300,000 in Prizes for Top E-Commerce Innovators

Shah Alam, 23 July 2024 – The Selangor Information Technology & Digital Economy Corporation (Sidec) proudly announces the return of the Selangor E-Commerce Xccelerator Program 2024 (ECX24) for its second cohort, offering an impressive RM300,000 prize pool to transform 50 Malaysian SME brands. This 4-month intensive program is set to revolutionise the e-commerce landscape by equipping businesses with cutting-edge skills and insights from seasoned mentors.

ECX24 targets businesses across key sectors including Food & Beverages, Home Living & Appliances, Fashion & Lifestyle, Health, Beauty & Wellness, and Social Impact. These sectors will gain a lot from the program's tailored content and networking opportunities, helping them improve their operations.

Participants will engage in comprehensive skill enhancement and expert mentorship designed to elevate their operations. The program includes dynamic workshops covering advanced Growth Hacking, AI integration, Digital marketing, and Brand Development. Intensive pitching clinics will prepare businesses for investment and expansion, giving them strategies to succeed in today’s market.

The first cohort of ECX24 was highly successful. Companies like The Pastel Shop, Shapee, Big Bath, Nori, and Sono Ultrasound saw their valuations rise to up to RM77 million, proving the program's impact. These success stories highlight the potential benefits awaiting new participants in the second cohort.

The top 10 winners of ECX24 will share in prizes worth RM300,000, including trophies, certificates, overseas business trips, potential investment opportunities, and cash prizes. This program offers instant benefits and sets the stage for long-term growth, making it a great opportunity for ambitious SMEs.

“We are thrilled to bring back ECX24 for a second year, and we can’t wait to see the incredible innovations and growth stories that will emerge from this cohort,” said CEO of Sidec. “Our goal is to empower Malaysian SMEs to reach new heights and transform their businesses for the digital age. The success of our first cohort showed us what’s possible, and we’re excited to build on that momentum.

Applications are now open, and businesses are encouraged to apply through the SIDECwebsite by 9 August 2024. Don’t miss this chance to elevate your e-commerce business and join the ranks of Malaysia’s most successful SMEs. For more information and to apply, visit www.sidec.com.my/ecx

This content is provided by Sidec.

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