Over 180 startups, investors, and venture capitalists participated in the second installment of the Cradle Circle organized by Cradle Fund Sdn Bhd (Cradle). This event served as a platform for founders to showcase their pitches while allowing potential investors and key players in the startup ecosystem to connect and exchange insights.
Norman Matthieu Vanhaecke, Acting Group CEO of Cradle, emphasized that Cradle Circle had a dual purpose: facilitating pitching sessions and fostering networking and collaboration among diverse stakeholders. The event aimed to empower startups not only to present their business solutions but also to glean invaluable insights from industry experts.
The initial session, led by Cradle’s Legal team, was titled “From Legal Limbo to Investor Bingo: Decoding Startup Success.” This session delved into the challenges startups encounter when dealing with issues like funding, compliance, and investor attraction. A comprehensive strategy to navigate these challenges and optimize fundraising success was also outlined. The second session, titled ‘Navigating Startup Failures,’ featured startup founders sharing their personal experiences and the hurdles they faced throughout their entrepreneurial journeys.
Norman further elaborated, stating, “Cradle Circle serves as an exceptional avenue for startups to showcase their products within a collaborative and welcoming environment. It supports growth and the cultivation of fresh ideas. We anticipate this event will act as a potent catalyst for growth, providing businesses with the connections and recommendations essential for thriving in today’s fiercely competitive business landscape.”
Juliana Jan, Senior Vice President of Grant and Investment at Cradle, expressed gratitude for the overwhelming support and engagement within the ecosystem during the second edition of Cradle Circle. This year’s event fostered increased collaboration among ecosystem stakeholders, aligning with Cradle’s mission to build robust relationships and overcome common challenges faced by startups.
“We are thrilled to witness the positive impact this event has had on participating entrepreneurs. They had the chance to pitch for funding and access legal and HR guidance,” said Juliana. She eagerly anticipated incorporating more enriching activities in the upcoming Cradle Circle sessions, providing even greater support to the thriving startup community.
Listed below are the startups that participated in the pitching session:
- Heytech Sdn Bhd (https://heycast.me/) Heycast.me is a job-matching platform that utilizes a matching algorithm to enable production houses to list jobs and directly hire talent. This streamlines the recruitment process for acting talents and saves both time and costs.
- ACS Pentas (Asia) Sdn Bhd (https://www.sparexhub.com/) A 100% Malaysian technology company, ACS Pentas offers a B2B2C e-commerce marketplace for genuine discounted auto spare parts from European car brands. The platform connects importers, dealers, stockists, independent workshops, and car owners, offering value-for-money genuine auto parts.
- ODESI ECOB SDN BHD (https://support.ecob.my/) e-CoB is an online system designed to aid the Commissioner of Building in managing, monitoring, and rating housing schemes. The system also maintains a Stratified Building Management Index, complete with star ratings for management quality.
- Nonivasi Care Sdn Bhd (https://www.nonivasi.com/) Nonivasi Care proposes a non-invasive, portable, wireless system for diagnosing and remotely monitoring lower back pain rehabilitation progress. The technology relies on EMG signals captured at the L4-L5 lumbar region during interventions.
- Pandai Education Sdn Bhd (https://pandai.org/en/home) Pandai is an educational app that facilitates continuous learning through academic exercises. It offers daily quizzes, topical tests, and sample exams aligned with the national curriculum, earning it the top education app ranking on both Apple App Store and Google Play.
- Valuing IP Sdn Bhd (https://valuingip.com/) Valuing IP aims to democratize Intellectual Property (IP) valuation by developing user-friendly, subscription-based IP Valuation software for instant valuation reports.
- BlueDuck Sdn Bhd (https://www.blueduck.my/) Blue Duck Tech presents a rapidly growing zero deposit solution that replaces traditional rental deposits with an insurance scheme. This addresses gaps and needs in the property rental market, catering to tenants seeking upfront savings and landlords emphasizing rental cash flow.
- Life Origin Sdn Bhd (https://lifeorigin.my/) Life Origin is a biotech company that converts organic waste into insect protein, biofuel, and organic fertilizer. They’re collaborating with UCSI and UPM to develop a Koi feed formulation for improved growth, digestibility, immunity, and pigmentation.
- CoKeeps Sdn Bhd (https://cokeeps.com/) CoKeeps offers a platform facilitating digital asset activities in the capital market through custody and tokenization services. The CoKeeps Wallet eliminates the need for users to store private keys and avoids storing user credentials in a centralized database, enhancing security against hacking.
- SpaceIn Sdn Bhd (https://spacein.com.my/) SpaceIn is developing a picosatellite for IoT communication via satellite communication, targeting challenges faced by the IoT industry, such as poor communication in remote areas, high satellite communication costs, and regulatory obstacles. They’re partnering with Alba Orbital to launch Malaysia’s first pocketqube via SpaceX in Q4 2023 for an IoT constellation tech demo in orbit.
Building on the success of the second round, Cradle remains committed to providing valuable guidance and mentorship to the next generation of startups through a comprehensive approach to support them in every possible way.
For more details about Cradle and funding opportunities, startups and ecosystem players are encouraged to visit www.cradle.com.my.
