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MaGIC has been moved out of the Ministry of Entrepreneur Development and Cooperatives (Medac), and will likewise change its focus from SMEs in general to tech startups.
MaGIC: An estimated 40% of local tech startups will not survive if the Covid-19 crisis continues after May
Though some startups have been quick to adapt to the movement control order, others are in urgent need of capital injection to stay afloat.
PETALING JAYA: The revelation that Cradle Fund Sdn Bhd group chief executive officer Nazrin Hassan died from a handphone explosion has got many Malaysians worried.
Malaysian startups are using technologies such as machine learning and blockchain to help companies compete in a new era.
Cradle Fund and Proficeo’s Coach & Grow Programme hopes to mould a new generation of Malaysian entrepreneurs that have the potential to succeed in the global arena.
A youth site to highlight projects and events to gather resources, funding and mentorship, came in third at the Asian Entrepreneurship Award 2014.
Local technopreneurs are looking forward to the recently announced RM60mil venture capital fund known as Cradle Seed Ventures Fund 1 (CF1), which represents a public-private sector partnership between Cradle Fund Sdn Bhd (Cradle), a non-profit agency under the Ministry of Finance, and MSC status e-government services provider, MyEG Services Bhd (MyEG).