Please be informed that Cradle office will be closed from throughout CMCO in line with the Conditional Movement Control Order (CMCO) announced by Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob recently.

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Cradle’s startups have greatly benefited M’sia

Cradle’s startups have greatly benefited M’sia

Published 19 July, 2018

Kuala Lumpur: Cradle Fund Sdn Bhd (Cradle)’s Cradle Investment Programme (CIP) has contributed RM3.4 billion to Malaysia’s GDP, created 80,600 full-time jobs and attracted RM1.3 billion in private and foreign funds over eight years from 2008.

These figures were provided by Cradle Acting Group Chief Executive Officer (CEO), Razif Abdul Aziz, at Cradle Buzz 2018 in the Sime Darby Convention Centre on Wednesday.

“These are positive outcomes by any measure, and testimony to the fact that the right funding at the right time can in fact result in far greater outcomes than that of ordinary public spending.

Stay tuned for the full report on the study in coming weeks,” he said.

Help University was commissioned to conduct the study that produced these numbers using data from grant programmes between 2008 and 2016. The main point of it was to find out what has been Cradle’s impact on the ecosystem over the years?

Before the one-day conference got underway, a moment of silence was observed for Cradle Fund Sdn Bhd’s (Cradle) first CEO, Nazrin Hassan, 45, who passed away on the eve of Hari Raya this year.

Razif paid tribute to Nazrin for his vision and seeing the potential in companies like MyTeksi (Grab), iMoney and iPay88, which received grants from Cradle.

Since being established, Cradle incorporated under the Ministry of Finance (MOF) in 2003 has funded more than 800 tech startups and witnessed this network quickly grow around the region.

“Today, we can see how these startups have become smarter, more informed and cultivated stronger networks.

However, the challenges will be greater in this age of digital technology,” warned Razif.

Cradle’s conference cum 15th anniversary brought together 305 investors and startup founders to discuss the direction and development of new companies, as well as exchange ideas.

It was officiated by MOF National Strategic Unit Director, Datuk Dr Aminuddin Hassim. – Bernama



Dear Valued Entrepreneurs and Innovators, Please be informed that all application for CIP IGNITE & CIP ACCELERATE will be closed from 1st November to 14th December 2020. However, application will re-open for submission on the 15th December 2020. Thank You.

Please note that Cradle has never appointed any agent or representative to act on our behalf. If you have been approached by any party, who claims to be the representative or agent appointed by Cradle, who claims to be able to facilitate or guarantee in securing grants/funds from Cradle, whether in return for a fee/favour or otherwise OR if you have doubts about the authenticity and credibility of such party, please contact the Management immediately.