Majority of startup ideas not worth taxpayers' money, says Cradle

Cradle Fund Sdn Bhd acting group CEO Razif Abdul Aziz says there are too many duplicates or variations of existing start-ups seeking financial assistance. FMTNews RazifAbdulAziz

Cradle Fund Sdn Bhd acting group CEO Razif Abdul Aziz says the biggest challenge faced by Malaysian start-ups today is the failure of imagination.

“It is becoming more and more difficult to pick truly innovative start-ups worthy of the taxpayers’ support. The CIP300 is a pre-commercialisation programme which provides a conditional grant and value-added assistance amounting up to RM300,000 for entrepreneurs. It is intended to kick-start innovative technology-based start-ups to enhance and commercialise their products or services.

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