Cradle Fund has supported over 50 startups and facilitated almost $1.3 million of investments, while 1337 Ventures, an early-stage venture capital firm, has launched its new accelerator programme.
Cradle Fund supports over 50 startups to date
Cradle Fund, a Malaysian government-backed early-stage startup enabler, has announced that its MYStartup Accelerator programme has, to date, supported over 50 startups and facilitated almost MYR 5.5 million ($1.3 million) in investments with a startup and venture capital firm NEXEA angel investors.
In a statement on Tuesday, Cradle said the programme—delivered in partnership with tech accelerator and venture capital firm NEXEA—has completed five successful cohorts. The MYStartup Accelerator provides early-stage startups with investment-readiness workshops, expert mentorship, and direct access to funding.
The accelerator is run by Cradle under the purview of the Ministry of Science, Technology and Innovation (MOSTI).
“Having completed five cohorts, we’ve gained meaningful insights into the needs and challenges of Malaysian startups. These learnings will guide us in fine-tuning future accelerator programmes,” said Norman Matthieu Vanhaecke, Group CEO of Cradle.
1337 Ventures launches new accelerator programme
Malaysia’s early-stage venture capital firm, 1337 Ventures, has opened applications for the 64th cohort of its flagship Alpha Startups™ Pre-Accelerator, with the July 2025 intake now underway. The programme aims to help the next generation of founders turn their ideas into scalable startups at the most crucial stage.
Founded in 2012, 1337 Ventures is Malaysia’s first early-stage venture capital firm and startup accelerator. Through its Leet Academy, the firm has accelerated over 4,000 startups across five countries and has been a regional pioneer in the use of Design Thinking and Design Sprints.
Beyond investing in and mentoring early-stage companies, 1337 Ventures works closely with corporations to run custom accelerator programmes, drive corporate innovation, and support digital transformation. Its partners include leading institutions such as FWD, NTIS, Bank Negara Malaysia, Khazanah Nasional, Telekom Malaysia, Digi, MDEC, MaGIC, CIMB, RHB, and Maybank, among others.
