Ep 20. CRADLE transitioned in the ways of providing support
This episode has JD talking to Juliana Jan the Cheif Investment Officer (CIO) of CRADLE, the agency under MOF that looks to provide grants and equity to budding businesses to help them with funding. With an overwhelming number of Pensisular businesses applying for grants to the agency, they both wonder what about here in Borneo? Tune in to find out how CRADLE has transitioned in the ways of providing support towards startups to grow as well as their goals towards the entrepreneurship ecosystem as a whole in Sarawak.
The duo dives into the kind of help that entrepreneurs need the most and what are the challenges one might face as a business that is not from the Klang Valley. Juliana elaborates on how CRADLE gives grants and how does an equity, as intimidating and daunting as it sounds, can be extremely usely in helping a business grow. For 15 years since it’s beginnning, they have seen many entrepreneurships flourish with their help, but she reiterates that getting there requires a lot more than just money.
Popular ride-hailing service company Grab Malaysia was funded by CRADLE during it’s prototype stage, MyTaxi!