Cradle Fund aims to add spice to digital economy

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Cradle Fund CEO Rafiza Ghazali says many industries are trying hard to adjust to new norms of doing business.KUALA LUMPUR: When Rafiza Ghazali received a call confirming her appointment as Cradle Fund CEO in April, she knew she had a herculean task ahead of her because of the coronavirus crisis. But she also knew Malaysia needed to spice up its digital economy for she had noted that it had been accelerated “like never before” since the movement control order (MCO) came into force. She noted too that many industries were trying hard to adjust to new norms of doing business. Cradle was established under the finance ministry in 2003 with the mandate to influence the early-stage startup of tech companies. Rafiza, who officially clocked in at her office on June 1, decided that Cradle should now focus on startups with about five years of experience and encourage them to provide solution…