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CRADLE-SPARKS

CRADLE INVESTMENT PROGRAMME SPARKS (CIP SPARKS)

Cradle Fund Sdn bhd (CIP Spark is a Conditional Development / Pre-Seed Grant to fund.)

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Maximum Grant RM150K

Grant Amount :
Type of Grant :

R&D

Status :

Open

Agency :

Cradle Fund Sdn bhd (CIP Spark is a Conditional Development / Pre-Seed Grant to fund.)

CRADLE-SPARKS

CIP SPARK is a grant of up to RM150,000 for a maximum duration of eighteen (18) months, covers the development and pre-commercialization of for technology start-ups. It is a funding in the form of a conditional grant to assist early-stage entrepreneurs to develop and commercialize their product. Upon receiving the fund, the CIP SPARK 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 SPARK is open to both companies and individuals.CIP SPARK accepts applications from various stages from ideation, prototype development, product enhancement.CIP SPARK is disbursed to recipients via advance payment beginning of every milestone and reimbursement basis.CIP SPARK is a conditional grant, whereby one of the conditions, is that recipients are subject to pay back the amount disbursed in case of termination and other terms as stated in the funding agreement.

Criteria


APPLY AS INDIVIDUAL (MINIMUM GROUP OF 2 PAX)

  • Malaysians

  • Non- Malaysians Residing in Malaysia


APPLY AS PLT, ENT AND SDN BHD

  • Company Must Be Less Than 5 Years

  • Company's Revenue Must Not Exceed RM3 Million

  • No other Company holds 25% or More shareholding in your company

  • Majority Employees Must Be Malaysian (For < 51% Malaysian Owned)

  • Must Own IP Right (including 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 stage

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