PETALING JAYA, 15 JUNE 2018
– The management of Cradle Fund Sdn Bhd (Cradle) with great sadness announce the passing of its Group Chief Executive Officer, Nazrin Hassan.
The post mortem report concluded the cause of death as being complication of blast injuries attributable to an exploding hand phone that was being charged next to him.
For over 15 years, Nazrin has dedicated his efforts to promoting early stage funding for technology start-ups.
Nazrin is educated in the United Kingdom with a Bachelor of Laws (LL.B Hons) from the University of Buckingham in 1994. Nazrin was also an Executive Committee member of the United Kingdom Executive Council for Malaysian Students (UKEC).
Between 1997 to 2000, Nazrin was an Executive in Corporate Finance in Commerce International Merchant Bankers Berhad (CIMB) before pursuing his new venture in running his own start-up, Zarnet, in 2001.
He is a former Council Member of Technopreneurs Association of Malaysia (TeAM), an organisation that represents all technology entrepreneurs in Malaysia where he lobbied tirelessly for a development fund to narrow the funding gap in the early stage. This eventually led to the successful introduction of the Cradle Investment Programme (CIP) in June 2003 with a fund allocation of RM100 million from the Malaysian Government, as part of the economic stimulus package.
CIP was initially managed by Malaysia Venture Capital Management Berhad (MAVCAP) and Nazrin became the programme’s Head of Structuring in July 2003. In 2004, he was appointed as the programme’s Acting Head as well as its Strategy and Policy Advisor. He left the programme in 2005 to focus on his own technology start-up and continued to be an active member of TeAM.
Nazrin returned to Cradle in October 2007, after being appointed as its Chief Executive Officer by the Ministry of Finance, after it was spun out from under MAVCAP into Cradle. It continues to spur the growth of early stage funding for technology entrepreneurs.
Chief Operations Officer of Cradle, Razif Aziz said, “Cradle has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Nazrin have lost a dear friend and an inspiring mentor”.
Juliana Jan, Chief Investment Officer of Cradle commented, “We are deeply shocked and saddened by this news. Having worked with him for many years, his vision and passion have brought endless possibilities to not just Cradle, but to the start-up ecosystem. He touched and inspired us, the Cradle family, along with many startup founders, investors and partners. He was one-of-a-kind leader and visionary who made an incredible mark in the start-up ecosystem. Our thoughts and prayers for his wife and children”.
Cradle has lost a passionate, innovative and humble leader and the startup community has lost an inspiring leader. His vision and love for innovation will always be at the core of what we do. Nazrin loved his work, but his greatest love was for his wife and children.
Speculation on the cause of his death is completely unnecessary and unacceptable at this time. We request for everyone to respect the privacy of the family during this time of grief. Our thoughts and prayers are with his family and all those he touched on his journey.