FINANCING SCHEME

CIP Sprint

Provider

Cradle Fund Sdn. Bhd.

Objective

It is a funding in the form of a conditional grant to assist entrepreneurs to fund their technology based business venture

Funding Amount

Grant of up to RM600,000 for a maximum duration of eighteen (18) months. At least 60% is for commercialization expenses & maximum of 40% for other expenses such as product development and/or enhancements

Claim Method

The funds will be disbursed by way of advanced payment at the beginning of every milestone. Meeting milestone deliverables is a pre-requisite for subsequent advance payments. Any unutilized amount will be deducted from the next advance payment

Eligibility

Companies that are Sdn Bhd, which includes universities, research institute spin-offs and SMEs.

 

For companies, your company shall not be more than 7 years old and earned revenue must not exceed RM5 mil. For companies who are has less than 51% of Malaysian owners, majority employees must be Malaysians and there shall be no other company that holds more than 25% of your company’s share. Your company should also own the IP rights, including university and research institute spin-offs

Application Procedure

Fill the form to get the application procedure link