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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).
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.
b>PETALING JAYA:/bSoftware giant Microsoft Malaysia and fund provider Cradle Fund Sdn Bhd are working together to support tech startups under a capital2spark programme.
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.
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.
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.