Cradle brings in MentorSquare

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KUALA LUMPUR, 28th April 2009 – In conjunction with their 1-year anniversary of CIP Catalyst, Cradle Fund Sdn. Bhd. (CFSB) announced its first international collaboration on 28th April, 2009, with MentorSquare Advisors Ltd. (Bangalore) (MentorSquare). The MoU signing ceremony took place this morning in Mawar Room 1 of Hotel Equatorial, Kuala Lumpur, and was witnessed by Yang Berhormat Dato’ Wira Chor Chee Heung, Deputy Finance Minister 2, Yang Berbahagia Dato’ Mohd Sallehuddin Othman, Chairman of Cradle Fund Sdn Bhd, En. Nazrin Hassan, Chief Executive Officer of Cradle Fund Sdn Bhd, and Mr. Ravi Narayan, Founder & Chief Executive Officer of MentorSquare.

MentorSquare provides a platform which allows its users to have 24/7 access to international mentors of impeccable reputation in their own domains of expertise. With this collaboration, grant recipients under the Cradle Investment Programme (CIP), will now be able to seek advice and guidance from mentors worldwide and gain valuable international perspective and insights.

When asked about the decision in choosing MentorSquare, Nazrin Hassan, CEO of Cradle Fund replied, “It is not only eye-opening to these budding technopreneurs, but it’s also meant as the first step in inculcating a culture of networking for knowledge and of “internationalizing” our Cradle entrepreneurs, even while they’re still developing their prototypes. It is important that the thinking process on the business side starts and develops early, so that there will be fewer decision and execution mistakes.”

“We are confident that many will be more confident of striking into new markets once they have built up the networks and community in those countries, via the mentorship arrangements on MentorSquare. Rather than fish for them for market access – Cradle believes that the correct step is to provide them the tools, to teach them how to fish for knowledge, business and market access,” he added.

With MentorSquare as a new service provider, Cradle is looking forward to more value-added services and guidance to CIP entrepreneurs to help them succeed in their entrepreneurial endeavors. For further information about CIP and to apply for CIP grants, please visit www.cradle.com.my.

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