CRADLE INVESTMENT PROGRAMME SPRINT (CIP SPRINT)
Cradle Fund Sdn bhd (CIP Sprint is a Conditional Convertible Commercialization Grant.)
Maximum Grant RM600K
Grant Amount :
Type of Grant :
Commercialization
Status :
Open
Agency :
Cradle Fund Sdn bhd (CIP Sprint is a Conditional Convertible Commercialization Grant.)
CRADLE-SPINT
Objective/Activity
CIP SPRINT is a grant of up to RM600,000 for a maximum duration of eighteen (18) months, covers the commercialization of tech and covers SMEs. It is a funding in the form of a conditional grant to assist entrepreneurs to fund their technology based business venture. Upon receiving the fund, the CIP SPRINT recipients are supported with business networking opportunities and other value-add services which will help nurture, develop and prepare them with business model development, market validation skill and market access.
CIP SPRINT is open to companies.CIP SPRINT accepts application from companies to cover for expenses such as product enhancement, market access, market expansion and others.CIP SPRINT is disbursed to recipients via advance payment and reimbursement basisCIP SPRINT is a conditional grant, whereby one of the conditions, is that recipients are subject to pay back for the amount that has been disbursed, in the event of of termination and other terms as stated in the funding agreement.
Criteria
APPLY AS SDN BHD (INCLUDING UNIVERSITY & RESEARCH INSTITUTE SPIN-OFFS AND SMES)
Company must less than 7 years old
Company's Revenue must not exxceed RM5 Million
No other company hold 25% or more of shareholding in your company
Majority Employees must be Malaysians (For < 51% Malaysian Owned)
Must have IP rights (Include University & Reseach Institute Spin-Offs)
Documents requested
You will need to submit your pitch deck based on the template provided. There are other documents for the purpose of the verification of eligibility, however these will only be required once your application has been shortlisted.
It will take around two (2) months from pitching to approval stag