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Enter the CIP Ignite and CIP Accelerate as Cradle aims to speed up commercialisation of innovation

Malaysia’s early stage startups influencer Cradle Fund Sdn Bhd (Cradle), today revealed two new investment programmes – Cradle Investment Programme Ignite (CIP Ignite) and Cradle Investment Programme Accelerate (CIP Accelerate) following its announcement last year to further enhance its Cradle Investment Programme 300 (CIP300) and Direct Equity 800 (DEQ800) to cater to a wider audience. The new funding programmes provide more opportunities for local companies to explore the commercialisation of innovation as well as accelerate growth.

The CIP Ignite is designed as a conditional grant of up to US$117,000 (RM500,000) to help support early stage technology-based startups, tech based SMEs or spin-off companies from universities or research institutes. The grant is divided into distinct two 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.

Cradle also introduced CIP Accelerate, a programme that provides funding of up to US$468,000 (RM2 million) focused on accelerating the growth of deep tech companies and spin-offs from universities and research institutes.

To enhance the potential success of fund recipients of these programmes Cradle will provide value added support in the form of its Structured Coaching Programme (SCP) where fund recipients will be provided the services of an experienced business mentor, other value added services as well as targeted training opportunities to address other vulnerabilities. All of these, based on Cradle’s experience, enhances sustainability and resiliency.

Source From DIGITAL NEWS ASIA



IMPORTANT NOTICE ×

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.