CIP SPARK is a conditional grant of up to RM150,000, provided over a maximum period of eighteen (18) months, aimed at supporting technology start-ups in the development and pre-commercialization of their innovative products or services. The funding is disbursed by way of advanced payment and reimbursement, ensuring that early-stage entrepreneurs have the necessary resources to turn their ideas into viable market offerings. To qualify, companies must meet strict eligibility criteria, which include owning the intellectual property (IP) of their product or service. This requirement protects start-ups from having their concept or idea leaked, safeguarding their competitive edge in the market.
Please click here for official SMI FUNDING Webpage for MDG MATRADE
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Submitting your pitch
The approval stage progresses smoothly provided that documentation is complete and accurate. Submitting your pitch deck is an essential step, as it highlights the business potential and market fit of the proposed product or service. SMI FUNDING's consultant will teach you how to address expected questions, what information is required to reveal and how to talk with confidence with facts. Once approved, the initial funding is released, with subsequent advance payments contingent upon meeting milestone deliverables. These deliverables often focus on demonstrating solid traction, such as increasing the quantity of listing users or proving market validation through real-world adoption. Solid traction and a robust quantity of listings reflect the commercial viability of the product or service, a pre-requisite for continued funding.
Experienced Consultant Team of SMI FUNDING
CIP SPARK recipients gain access to a suite of business networking opportunities and value-added services, including guidance from consultants like SMI FUNDING. These consultants assist in organizing documentation, preparing proposals, and managing the submission process through to approval and disbursement. For projects involving university and research institutes, it is crucial to establish IP rights, ensuring compliance with grant conditions. Expenses for such collaborations are capped at a maximum of 40% of the total grant amount, promoting resource efficiency while fostering innovation.
Please click here for official SMI FUNDING Webpage for MDG MATRADE
For further information please contact here
To view available Grants please visit here
To get immediate answer please whatsapp here
Sustainable entry into the market
To achieve successful commercialization, start-ups must develop a scalable business model and solidify their market presence. Whether the product or service is linked to a university and research institute or developed independently by an Sdn Bhd, maintaining focus on traction and user acquisition is critical. Milestone funding encourages accountability, as any unspent or misallocated funds are deducted from the next advance payment. This structured approach ensures that CIP SPARK funding supports not only the creation of cutting-edge products but also their sustainable entry into the market, making it a game-changer for Malaysia's technology start-up ecosystem.
Application Process:
Upon acceptance of your application and invitation to the pitching session, the timeline from pitching to the approval stage is typically estimated at two (2) to four (4) months, contingent on the completion and accuracy of all required documentation.
Fund Disbursement:
Funds will be disbursed through a combination of advanced payments and reimbursements. The release of subsequent advanced payments and reimbursements is contingent upon the successful achievement of milestone deliverables. Any unutilized amount will be adjusted and deducted from the next advanced payment.
Please click here for official SMI FUNDING Webpage for MDG MATRADE
For further information please contact here
To view available Grants please visit here
To get immediate answer please whatsapp here
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