Coined from the phrase “soon-to-be unicorns'', Soonicorns are startups with the growth potential to become Unicorns. Dr. Sivapalan Vivekarajah, Co-Founder of Proficeo and Chairman of the Soonicorn Collective said to participate, startups need to have raised at least RM2 million in funding or have generated RM8 million in revenue over the last 12 months. The selected founders are all Chief Executive Officers or C-Level founders.