Cradle Fund to offer new range of grants, says group CEO

Published 21 November, 2019

Cradle Fund Sdn Bhd Group CEO Razif Abdul Aziz (left) says the new range of grants with higher fund limits are designed to cater to a wider audience. ― Picture by Hari Anggara

KUALA LUMPUR, Nov 21 ― Early-stage start-up influencer, Cradle Fund Sdn Bhd, is set to focus on a new range of grant offerings, develop a supportive ecosystem for the hard tech space and extend outreach activities with the RM20 million allocated for it under the 2020 Budget.

 

Acting group chief executive officer Razif Abdul Aziz said the new range of grants with higher fund limits were designed to cater to a wider audience.

 

“We will be aiming for diversity, not just digital tech but also startups from the hard sciences.

 

“We will be combining funds with our tried and tested value-added support such as coaching and mentoring to help founders with the business building process as well as building capacity to enhance start-up resilience,” he said at the Cradle Startup Awards here today.

 

Cradle, he said, was also keen to participate in efforts to develop a supportive ecosystem for the hard tech space by facilitating the development of angel investors, venture capitalists, accelerators and corporates interested to invest in or support hard tech innovation.

 

Source From Malay Mail