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.
The Malaysian Government’s move to cut its growth forecast and revise its national budget for 2015 to take into account tumbling global crude oil prices is expected to have an impact on several areas in the ICT sector, according to industry observers.
Entrepreneurs should go out to raise funds in the next six months as the window may soon close, with increasing signs of a possible global economic slowdown in the near-term.
Malaysian entrepreneurs are a happy bunch this week with two new funding channels opening up for them. But with the country also looking to attract talent from overseas to launch their ideas from Malaysia, DNA founder Karamjit Singh wonders if the Government should be more practical here.