Malaysia’s state-backed Cradle Fund and Indian government-owned Invest India has established a strategic partnership to boost startup ecosystems in both countries.
According to the Ministry of Science, Technology, and Innovation (MOSTI), the two organizations have signed a Letter of Cooperation (LOC) to create the India-Malaysia Startup Alliance (IMSA) through Invest India’s Startup India initiative.
This alliance seeks to strengthen the collaboration between tech startups in both nations, leveraging India’s flagship Startup India program to encourage innovation and entrepreneurship. Startup India promotes foreign investment and supports economic growth.
Also Read: Cradle Fund, VentureTECH to provide comprehensive support system for Malaysian startups
MOSTI Minister Chang Lih Kang emphasized that the partnership aligns with Malaysia’s 2030 goal of becoming a top 20 global startup ecosystem and opens opportunities for Malaysian startups in India’s large market, while Indian startups gain access to ASEAN markets through Malaysia.
Cradle’s Group CEO, Norman Matthieu Vanhaecke, highlighted that this first-ever alliance will foster a stronger tech startup connection between the two countries. Over the next year, IMSA will focus on knowledge sharing, capacity-building sessions, and startup matchmaking programs. Malaysian and Indian delegations will also participate in key events like Startup Mahakumbh 2025 and the ASEAN-India Startup Festival 2025 in Kuala Lumpur.
These efforts are expected to drive close to MYR 100 million (US$23.09 million) in investments and commercial contracts between ASEAN and India, connecting startups with venture capitalists and industry stakeholders.
Recently, Cradle Fund announced a strategic collaboration with state-owned impact investor VentureTECH to foster structured discussions between fund providers across government and private sectors.
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