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Cradle Fund operates as a government-linked agency dedicated to cultivating a robust technology startup ecosystem within Malaysia. It provides essential early-stage funding and strategic support programs specifically tailored to nurture and accelerate the growth of nascent tech companies. Its core mandate involves facilitating the development of innovative ventures from initial concept through to market readiness and commercialization, primarily through various grants and capacity-building initiatives.
Established in 2003 under the purview of the Malaysian Ministry of Finance, Cradle Fund was founded out of a strategic insight into the imperative need for a dedicated support mechanism for local technology entrepreneurship. This foundational initiative recognized the critical role of innovation in national economic development, aiming to bridge funding gaps and provide a conducive environment for aspiring tech innovators to thrive.
The agency primarily serves Malaysian technology entrepreneurs and early-stage startups seeking capital, mentorship, and market access to scale their businesses. Cradle Fund’s long-term vision is to foster a vibrant and sustainable technology startup landscape, thereby nurturing a pipeline of successful local enterprises that contribute significantly to the national digital economy and establish Malaysia as a regional hub for innovation.
Cradle Fund has 2 tracked investments across 2 companies. The latest tracked deal is $500K Seed in LiveIn in December 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 15, 2015 | LiveIn | $500K Seed | KK Fund | Incubate Fund |
| Dec 11, 2015 | Offpeak.my | $120K Grant | Cradle Fund | — |