My start-up (now dead) attended the first batch of the MaGIC's Global Accelerator program (GAP) by the Malaysian government in 2017. The talks were bad, the "mentors" were useless and everything was extremely inefficient. Most of the founders who came only stayed for the first few days, realised the situation and dropped their interns for the free co-working space, and left. The whole program smelled like money laundering or nepotism at best. I thought it was satire when I read this headline.

Also, at least >70% of the start-ups in my cohort have died by now. Maybe one or two good ones exited (who were already doing really well before joining).