CIP SPRINT-CRADLE FUND- CONDITIONAL & CONVERTIBLE-MALAYSIA

Business grants are an unavoidable resource every business director should leverage—especially when navigating the early stages of growth or expanding into innovative territories. One such powerful opportunity is CIP SPRINT, a grant of a maximum duration of eighteen (18) months, offered to assist entrepreneurs to fund their technology-based business venture. This support often covers the form of a conditional grant to assist with commercialization, product development, and scaling operations.

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Whether you're a startup, an SME, or a research institute spin-off, eligibility criteria must be met. The verification of eligibility involves key factors such as ownership structure, revenue thresholds, and having IP rights including university collaborations or licenses from university and research institute partners. Includes universities in the IP strategy is often essential, especially when working on tech or innovation-driven products.

SMI FUNDING is Malaysia’s leading financial advisory firm specializing in securing business grants with a remarkable 95% success rate. Our experienced consultants provide end-to-end support—right from understanding your eligibility to crafting a pitch deck based on investor expectations. In fact, to apply for programs like CIP SPRINT or CIP SPARK, you will need to submit your pitch deck for evaluation.

These programs, managed by agencies such as Cradle Fund Sdn Bhd, often disburse funds through a combination of advanced payment and reimbursement. The purpose of the verification process is to ensure that your business model is strong and your market entry strategy is clear. Therefore, emphasis is placed on business model development, market validation, and ensuring your employees must be Malaysians (especially where eligibility however these will only apply to companies with less than 51% Malaysian ownership).

Don’t miss out on what could be the launchpad for your next big innovation. At SMI FUNDING, we make sure your grant journey—whether it's months from pitching or just getting started—is strategic, efficient, and successful.

CIP SPRINT is a conditional grant of up to RM600,000 offered for a maximum period of eighteen (18) months, designed to support the commercialization of technology-driven ventures by small and medium enterprises (SMEs). The funding aims to assist entrepreneurs in growing their tech-based businesses.

Upon approval, recipients of the CIP SPRINT grant gain access not only to financial support but also to business networking opportunities and value-added services. These services are intended to nurture and strengthen the recipients’ capabilities in business model development, market validation, and market access.

The grant is open to registered companies and may be utilized to cover a variety of business-related expenses, including product enhancement, market entry, and expansion activities. Disbursement of funds is carried out through a combination of advance payments and reimbursements.

For more detail:

Please visit here to view Grant

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As a conditional grant, CIP SPRINT requires recipients to adhere to the terms outlined in the funding agreement. In cases of termination or breach of agreement, recipients may be required to repay the disbursed amount.

Eligible Business Structures

Sole Proprietorships, LLPs, and Private Limited Companies (Sdn Bhd)

Eligibility Criteria:

1. Ownership & Workforce

If Malaysian ownership is less than 51%, the majority of employees must still be Malaysians.

2. Business Age

Companies must be less than five (5) years old from the date of incorporation.

3. Revenue Cap

Total accumulated revenue must not exceed RM3 million.

o For companies incorporated for more than 18 months, this will be verified via audited financial statements.

4. Intellectual Property (IP) Requirement

The business must own or have access to relevant IP rights.

o For licensed IP, a valid exclusive licensing agreement is required, naming the applying Sdn Bhd as the licensee.

o The licensing term must be renewable annually throughout the funding period.

5. Shareholding Structure

No other entity may hold 25% or more equity in the applying company.

6. Capital Flexibility

There is no minimum paid-up capital requirement.

For more detail:

Please visit here to view Grant

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Please click here for immediate response

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If you are looking for the best loan or grant options in Malaysia, SMI FUNDING is here to assist you every step of the way. Let us help you secure the financial support you need without the hassle.

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