Cradle Builds on ABAF 2012 Achievements to Grow Angel Investments
Cradle Fund Sdn Bhd (Cradle), an agency under the Ministry of Finance, Malaysia is the organisation 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 RM115mil was recently added 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.
The Cradle Investment Programme (CIP) is Malaysia’s first development and technology commercialisations funding programme that enables Malaysia’s budding innovators and aspiring entrepreneurs to transform their raw technology-based ideas in the ICT, non-ICT and high growth technology industries to commercially viable ventures or local start-up companies to attain commercialisation. Cradle offers two types of conditional grants – 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 technology ideas and prototypes or proof-of-concepts; whilst the seed grants offers funding of up to RM500,000 to help Malaysian start-up companies with innovative technology products/services to attain commercialisations. To learn more, please visit Cradle’s portal at www.cradle.com.my. Applications for the grants are also submitted online via the portal.
The Coach and Grow Programme, meanwhile is a market driven programme intended to bring together key players in the entrepreneurs ecosystem to train existing entrepreneurs to grow their business to greater heights, via coaching, networking and showcase events.
For more information, visit www.cgp.com.my