Selangor Accelerator Names Three Champions As 12 Startups Gain Recognition
The awards span Deep-X, Retail-X and Token-X, with winners selected from a final field of 24 companies.
Enygma Technologies, RExharge and e23 have emerged as champions of the Selangor Triple Accelerator Programme 2026, as the initiative recognised 12 companies across its Deep-X, Retail-X and Token-X tracks. Each champion received RM20,000, according to Digital News Asia's Oct. 19 report.
The final demo day took place alongside AiSEM@Selangor at the Kuala Lumpur Convention Centre. There were 24 finalists, drawn from 90 participants at earlier showcase days and 511 applications overall. The three champions work in different markets: Enygma develops industrial inspection technology, RExharge supports electric vehicle ownership and home charging, and e23 is developing blockchain infrastructure.
The report says all 12 winners receive overseas exposure through Sidec World Stage Venture. Deep-X and Token-X winners are due to join Hong Kong FinTech Week x StartmeupHK in November, while Retail-X winners are set for a Shanghai visit. These are planned development opportunities, separate from the cash awards.
Three Different Routes To Growth
The Selangor Information Technology and Digital Economy Corporation's Deep-X programme describes a 12-week accelerator for businesses rooted in scientific discovery and advanced engineering. Its support includes commercialisation planning, technical validation, mentorship and connections with industry.
That combination addresses a particular challenge for a technical company: demonstrating that an innovation works is a different task from finding customers and building a repeatable business around it. Sidec's stated structure brings technical and commercial support together. The award recognises progress through the programme; it does not replace independent evidence about the performance of any individual product.
The Deep-X offering also includes research-driven workshops and showcases. These create occasions to explain a technology to potential users and investors, while the commercialisation roadmap provides a framework for identifying what still needs to be demonstrated before wider adoption.
Retail Technology And Business Operations
Retail-X focuses on Malaysian retail small and medium enterprises. Sidec identifies livestream selling, AI-supported customer engagement, inventory technology and personalised commerce among the areas covered. The objective is to connect established retail knowledge with digital tools.
The programme combines mentoring, business workshops and pitching preparation. Its published entry criteria include Malaysian registration, a business-to-consumer model, an online presence and an audited financial history. These conditions indicate that the track is designed around operating businesses, rather than simply rewarding an untested idea.
For a retailer, digitalisation can involve several connected decisions: how customers discover a product, how stock is managed and how the business serves buyers across channels. Training across those functions offers a different form of support from a one-off prize. Its longer-term value will depend on how effectively participants apply it.
Digital Assets Require Validation Too
Sidec's Token-X description centres on blockchain, digital assets and tokenisation. It places commercial support alongside regulatory alignment and market validation, with fields ranging from payment infrastructure to financial technology and real-world asset tokenisation.
The track's entry framework calls for a proof of concept or working prototype and a team with technical and business leadership. It also refers to compliance considerations such as customer identification, anti-money-laundering controls and data security. Those requirements explain why a digital asset pitch needs more than a proposed token or a technical demonstration.
Taken together, the three tracks show that the accelerator's results cover distinct business models. The common next test is execution: converting mentoring, industry contacts and overseas exposure into durable customer relationships. The winners now have recognition and further opportunities, while commercial success remains something to demonstrate after demo day.
