Privacy Policy

Last updated: 8 April 2022

Your privacy and trust are important to us. This Privacy Statement explains how Cradle and NEXEA (“Organisers”,“we”, “us”, orour”) collect, use, and share your personal information in connection with the website, application (including a mobile application), product, software, or service that links to this Privacy Statement.

This Applications Privacy Policy sets forth Organisers policy with respect to information that relates to or could reasonably be associated with an individual (“Personal Data”) and other information that is included in applications submitted to Organisers.

1. Collection and Use of Application Information

In our applications, we collect Personal Data relating to the founder(s) of the applicant company through different methods, such as website application, and due diligence. The data we collect include names, email addresses, telephone numbers, education, employment history and the city/country in which they live, as well as information about the applicant company, such as the name, industry, and status of the company (together with Personal Data relating to founder(s) and any other information submitted in connection with the application process, “Application Information”). In addition, as part of the Organisers application process, we record interviews with founder(s) of the applicant company, and the content, recordings and information contained in such recordings are part of the Application Information governed by this Applications Privacy Policy.

We may use your Application Information for any Organisers-related purpose. This includes, without limitation:

  • Compiling and publishing aggregated statistics regarding technology, companies, founders, industries, etc.
  • Tracking applicants, founders, industries, companies and application trends.

2. Disclosure of Application Information

Subject to the exceptions described below, if your company submits an application to us, we will not share your Application Information, other than for the purpose of evaluating your company’s application. When we share your Application Information for such evaluation purposes, we will use reasonable efforts to ensure that those evaluators (whether within or outside of Organisers) agree to treat your Application Information confidentially.

We may also disclose your Application Information as set forth below:

  • Service Providers: To assist us in meeting business operations needs and to perform certain services and functions, we may share Application Information with service providers. Pursuant to our instructions, these parties may access, process, or store Application Information while providing services to us.
  • Business Transfers: If we are involved in a merger, acquisition, financing due diligence, reorganisation, bankruptcy, receivership, sale of all or a portion of our assets, or transition of service to another provider (collectively a “Transaction”), your Application Information may be shared in the diligence process with counterparties and others assisting with the Transaction and transferred to a successor or affiliate as part of that Transaction along with other assets.

  • Legal Requirements: If required to do so by law or in the good faith belief that such action is necessary to (i) comply with a legal obligation, including to meet national security or law enforcement requirements, (ii) protect and defend our rights or property, (iii) prevent fraud, (iv) act in urgent circumstances to protect the personal safety of users, or the public, or (v) protect against legal liability.

  • With Your Consent: In some circumstances, we may wish to share or make public certain Application Information, such as interview recordings, for purposes other than those disclosed in this Applications Privacy Policy, such as to highlight selected applicants. Before doing so, we will notify you and obtain your consent.

3. Security and Maintenance of Applications

You submit applications at your own risk. We implement commercially reasonable technical, administrative, and organisational measures to protect Application Information both online and offline from loss, misuse, and unauthorised access, disclosure, alteration, or destruction. However, no Internet or e-mail transmission is ever fully secure or error free. In particular, e-mail sent to or from us may not be secure. Therefore, you should take special care in deciding what Application Information you send to us.

The security of your personal information is important to us, but please note that no method of transmission over the Internet or method of electronic storage is 100% secure. Due to the large number of applications and related materials that we receive and review, and the similarity of much of the information provided in such applications, we cannot accept responsibility for protecting against misuse or disclosure of any general information, knowledge, or other materials (including without limitation any information generally known in your industry) included in your Application Information. Any such general information or knowledge you submit to Organisers may be used or disclosed by us or any person with whom we share your application for any purpose and in any manner.

4. Retention of information

After the application process has ended, we may retain your application and the information contained therein. We retain personal information in accordance with our enterprise records retention schedule, which varies by Service, business function, record classes, and record types.

We calculate retention periods based upon and reserve the right to retain personal information for the periods that the personal information is needed to: (a) fulfil the purposes described in this Privacy Statement, (b) meet the timelines determined or recommended by regulators, professional bodies, or associations, (c) comply with applicable laws, legal holds, and other legal obligations (including contractual obligations), and (d) comply with your requests.

5. Applicants

Organisers do not knowingly collect Personal Data, or accept applications, from children under the age of 18. If you are under the age of 18, please do not submit any Application Information.

6. International Applicants

Organisers do not accept start-ups that its core business mainly operates in foreign countries. By submitting your application, you understand and acknowledge that your Application Information will be disqualified if such a case occurs.

7. Right of changes to this Applications Privacy Policy:

Our application process may change from time to time. As a result, at times it may be necessary for Organisers to make changes to this Applications Privacy Policy. Organisers reserve the right to update or modify this Applications Privacy Policy at any time and from time to time without prior notice. Please review this policy periodically, and especially before you submit an application. This Applications Privacy Policy was last updated on the date indicated above. Your submission of an application or continued use of after any changes or revisions to this Applications Privacy Policy shall indicate your agreement with the terms of such revised Applications Privacy Policy.

Contact Us

Address: B-06-02, Sunway Geo Avenue, Jalan Lagoon Selatan, Bandar Sunway, 47500 Subang Jaya, Selangor.

Email: [email protected]

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