Cradle Fund – Kick Start Your Technology-Based Start-ups

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Cradle Fund Sdn Bhd (Cradle) is an agency under the Ministry of Finance that assists budding entrepreneurs to transform their technology-based ideas into viable business.

Cradle Investment Programme 300 (CIP300) is a pre-commercialisation programme that provides a conditional grant and value-added assistance for entrepreneurs to kick-start innovative technology-based start-ups to develop and commercialise their products or services

Industry Areas

ICT: Mobile/wireless Tech, Creative Multimedia & Content Development, Shared Services Outsourcing, Hardware Design, Software Development, Internet-based Services.

Non-ICT: Biotechnology, Advanced Materials, Green Technology, Advanced Manufacturing Related Tech, High-technology Consumer & Business Products.

Others: Semi-Conductors, Life Sciences, Clean Technology.

Eligibility:

Individual or locally incorporated companies operating less than 3 years and fulfilling the following criteria:

  • A team comprises of 2 members only;
  • Primary applicant is a Malaysian aged 18 years & above;
  • Primary applicant is a permanent resident in Malaysia;
  • In the case of a company, it must be incorporated less than 3 years with 51% of the

company’s equity being held by Malaysians & accumulated revenue is NOT more than RM3 million.

Grant Amount:

Up to RM300 000.

Benefits:

In addition to the conditional grant, a key feature of CIP300 is a range of value-added assistance designed to help nurture, develop and prepare recipients for the challenges of building a tech start-up from the ground up, including:

  • An enhanced Coaching & Mentoring Programme throughout the funding period;
  • Opportunity to be matched with potential investors;
  • Match making with Cradle’s partners;
  • Internal training programme to support creation, innovation and commercialisation.
  • Participation in business and networking events under Cradle;
  • Media and public relation support.

Duration:

The application from pitching stage to approval stage will take around 2 to 3 months. Upon approval, it will take approximately up to 18 months to receive the coaching and monitoring.

Disbursement of Fund

Funds will be disbursed through one-time advance to kick-start the project, and the rest will be on reimbursement basis

Application & Enquiries:

Obtain further information and apply online via https://www.cradle.com.my/products/cip300/

 

Written by:
Ms Wee Hui Bieh, AFMSA, Sept. 2018 

Information Source:
Cradle Fund Sdn Bhd
www.cradle.com.my

This post is also available in: zh-hans简体中文 (Chinese (Simplified))

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