From an engineer who could not land a job in Kuala Lumpur, Faiz Al-Shahab is now running a promising South-East Asian e-book and interactive content portal that has successfully raised funding and hit almost US$270,000 in revenue last year. Karamjit Singh has the story.
Education services provider Sync and recruitment portal MauKerja have each raised RM1 million (US$275,000) from Cradle Fund Sdn Bhd and OSK Technology Ventures Sdn Bhd, a wholly-owned unit of OSK Ventures International Bhd (OSKVI).
Multimedia Development Corporation (MDeC) has officially launched the MSC Malaysia for Startups programme to facilitate and accelerate local startups in obtaining MSC Malaysia status.
Digital retail solutions provider Ebizu Sdn Bhd said it has been awarded CIP 500 funding by Cradle Fund Sdn Bhd, the Malaysian Ministry of Finance non-profit that provides early-stage funding.
Cradle Fund Sdn Bhd has signed up another five partners for its Co-Investment Partners programme, doubling the total combined funding under the programme to about RM56.7 million (approximately US$16 million) from RM28 million.
Proficeo, the programme manager for Cradle Fund Sdn Bhd’s Coach and Grow Programme (CGP), hopes that the next intake will include greater participation from companies in the ‘growth and global’ stages.
India's Wadhwani Foundation has rolled out its decade-old flagship initiative, the National Entrepreneurship Network (NEN), in Malaysia with Cradle Fund Sdn Bhd as its strategic partner.
Joel Neoh, who heads Groupon’s 12-nation operations in Asia, will speak about ‘The Asean Entrepreneur Journey’ in his keynote at the Cradle Buzz conference.
Cradle Buzz will be a platform for startups in Asean to form collaborations to accelerate their regional expansion, says Cradle Fund’s Hazel Hassan.
Some of the biggest names in the South-East Asian startup scene will convene in Kuala Lumpur from March 20-21 at the ‘Cradle Buzz’ programme to highlight, analyse and discuss entrepreneurship concerns in the region.