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

Purpose of Financing

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