Please be informed that Cradle office will be closed from throughout CMCO in line with the Conditional Movement Control Order (CMCO) announced by Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob recently.

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Cradle allocates RM26.5 mil to two new schemes

KUALA LUMPUR (June 19): Cradle Fund Sdn Bhd is allocating RM26.5 million to fund its two newly launched investment programmes, namely Cradle Investment Programme Ignite (CIP Ignite) and Cradle Investment Programme Accelerate (CIP Accelerate).

Its group chief executive officer Rafiza Ghazali said out of the total allocation, RM16.5 million will be used for CIP Ignite with the remaining RM10 million earmarked for CIP Accelerate.

“For both grants, we are targeting around 38 startups to be granted with both programmes in the next five to six months,” she told reporters after the launch of the grants by Minister of Science, Technology and Innovation (Mosti) Khairy Jamaludin here today.

Rafiza said CIP Ignite is designed as a conditional grant of up to RM500,000 to help support early-stage technology-based startups, tech-based small and medium enterprises (SMEs) or spin-off companies from universities or research institutes.

“The grant is divided into two distinct components — CIP Ignite (1) for deep tech innovations and CIP Ignite (2) for other innovative tech-based companies. These new funding programmes were designed to create more opportunities for early-stage companies to commercialise their innovations and create value in the market,” she said.

CIP Accelerate, on the other hand, provides funding of up to RM2 million focused on accelerating the growth of deep tech companies and spin-offs from universities and research institutes, she added.

To enhance the potential success of fund recipients, she said Cradle will provide value-added support in the form of its structured coaching programme, with fund recipients to be provided the services of an experienced business mentor, other value-added services as well as targeted training opportunities to address other vulnerabilities,

“The new grants have been developed based on what we have experienced during the COVID-19 pandemic.

Source From The Edge Markets


Dear Valued Entrepreneurs, Partners & Start-ups, The Malaysian Government has announced a Movement Control Order (MCO) from the 13th January – 26th January 2021 in 6 states including Kuala Lumpur by the Prime Minister, Tan Sri Muhyiddin Yassin on the 11th January 2021.

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.