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.

Press Release

For Immediate Release

Cradle and MYEG

About Cradle

Cradle Fund Sdn Bhd (Cradle) an agency under the Ministry of Finance. Malaysia is the organization that manages the Cradle Investment Programme. The Ministry of Finance had allocated RM100 million to Cradle for this programme since it began in 2003. An additional RM50 million was recently added to the allocation for the 2011-2012 period, under the 10th Malaysia Plan.

Cradle now runs two programmes, the Cradle Investment Programme for funding development and commercialisation of technological ideas and companies, and the Coach and Grow Programme, a market driven programme to train entrepreneurs .

Cradle Investment Programme(CIP)

The Cradle Investment Programme (CIP) is Malaysia’s first development and technology commercialisation funding programme that enable Malaysia’s budding innovators and aspiring entrepreneurs to transform their raw technology-based ideas in the ICT, non-ICT and high growth technology industries into commercially viable ventures or local start-up companies to attain commercialisation. Cradle offers two types of conditional grant – pre seed (CIP Catalyst & u-CIP Catalyst) and seed (CIP 500). The pre-seed grants offer funding of up to RM150,000 to teams of individuals to develop their innovative technologies ideas into prototype or proof-of-concepts, whilst the seed grant offers funding of up to RM500,000 to help Malaysian start-up companies with innovative technology products/services to attain commercialisation. To learn more, please visit Cradle’s portal at Applications for the grants are also submitted online via the portal.

Coach and Grow Programme, meanwhile, is a market driven programme intended to bring together key players in the entrepreneurial ecosystem to train existing entrepreneurs to grow their business to greater heights, via coaching, networkng and showcase events. For more information, visit

Malaysian Business Angel Network (MBAN)

With the launch of Malaysian Business Angel Network (MBAN) recently, Cradle has two new initiatives which are Malaysian Business Angel Network (MBAN) and Angel Tax Incentive. Malaysian Business Angel Network (MBAN) is a new initiative to grow more accredited angel investors through education & training. Equally importantis that MBAN will also monitor angel investment statistics in Malaysia. MBAN aims to be an agent of growth for Malaysia’s startup scene, putting Malaysia on the map as the go-to market for innovation, growth & entrepreneurship.


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.