Please be informed that Cradle office will be closed from 14th to 27th October in line with the Conditional Movement Control Order (CMCO) announced by Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob yesterday (12 October).

COVID19

This section provides the additional question received during the Live session that panel speakers didn't get to address

For start-ups with no track record, you may want to apply to various accelerator programmes available for example WatchTower & Friends (WTF), 1337 Ventures (who is coming up with a fully online programme), Cyberview Living Lab, and MaGIC GAP etc. At the moment Cradle focuses on only startup in commercialization stage.

Different agencies/financial institutions require different type of paperwork and there are numerous examples available on the internet. As for Cradle, we accept application via pitch deck and a very simple online pitch form. We also include guideline for creating the pitch deck. Inside the pitch deck you will need to furnish information on your technology, solution, business model, market segmentation and management team. There are also examples on how to prepare your pitch deck available online.

As an agency under MOSTI, Cradle can connect your NGO to our existing start-ups who are in the business of transforming small business to digital business such as Avana and Etesha. You can also refer to e-usahawan program under MDEC that supports business digitalisation as well.
Cradle provides grants and value added supports which includes promotions and branding, but at the moment we can only support our grant recipients in promoting their businesses.
On our side, we are actively connecting private sectors to our start-ups either for further funding and/or for working collaboration. On top of angel tax incentives, SC has licensed out Peer-to-peer (P2P) lending and equity crowdfunding (ECF) platforms to encourage private participation in funding start-ups and SMEs. In the future, we hope to work closely with MOSTI to come out with more initiatives.
At the moment, Cradle focuses on funding for tech companies (Sdn. Bhd.) in commercialisation stage and do not provide any funding for pre-seed stage. For individual applicant who is looking to start a tech company at this time with Covid-19 affecting global market, it is advisable for you to evaluate the risk and whether the market is acceptable to your business solution in this unprecedented and difficult time.
Here are some of the grants that can help you in their respective field:
  1. R&D:
  2. Commercialisation:
  3. Product Development:
  4. Green Tech Funding:
    • Agencies under MOSTI (Depending on stage)
In terms of assistance in regulatory matters, you need to adhere to the relevant authority bodies as they are the ones that controls the policy and monitor governance and adherence to regulations. Your product is highly regulated, and you would have to go to the right authority (in this case BNM) to get all the clearance for the pivot before you can launch your business.
We apologise for the gap in our funding. We paused our funding application to ensure alignment of our funding products with MOSTI. As announced, Cradle will launch new CIP products in Q2 2020.
Cradle grants are only offered to tech based companies, MDV offers debt facilities and MAVCAP offers equity investment.
Yes because technology will help companies to be more efficient and scalable. Digitization in particular is evidently important particular in the current situation. There are good expertise and solutions by local companies.
Cradle is very much active in start-ups ecosystem and has partnered up to numerous private local and regional VCs as well as accelerators in co-funding and as source of deal flow. Our Coach & Grow Program (CGP) on the other hand, focuses on coaching and mentoring for start-ups to help them pivot and scale their business.
Cradle has initiated “Startups for Startups” currently for all our grant recipient to promote their business. At the moment, our support is limited to our recipients’ companies.
There are numerous channel that provides quick invoice financing. You can go to licensed P2P lending platform for more information. Alternatively, you can look at one of our recipient; Capital Bay.
Cradle supports technology and innovative companies which can include also includes hardware.
This depends on the company’s arrangement with their investor(s) especially for bigger rounds of investment (Series A and above). However, although some have their HQs in Singapore, their main business operation/office is still in Malaysia. We do hope to have more local investors to invest in Series A and above to enable Malaysian tech companies to stay in Malaysia.
Currently, there are GLCs that work closely with VCs, for example Petronas and 500 Startups, Axiata with MAVCAP for Axiata Digital Innovative Fund, and Media Prima and MDEC for Creative Content. We hope more GLCs will take up this initiative.
MAVCAP, MDV and Cradle have new fund allocations for the year. Cradle specifically, is finalising its new grant products and they will be launched soon.
For Cradle, we are targeting to launch our new grant products in Q2 2020 and we are looking forward to receiving tech and innovative companies applications.



Third Party Notice ×

Please be informed that application for CIP300, DEQ 800 & CSV are closed.


Please note that Cradle has never appointed any agent or representative to act on our behalf. If you have been approached by any party, who claims to be the representative or agent appointed by Cradle, who claims to be able to facilitate or guarantee in securing grants/funds from Cradle, whether in return for a fee/favour or otherwise OR if you have doubts about the authenticity and credibility of such party, please contact the Management immediately.