Mbans Angel Academy Debuts New Initiative To Further Boost The Malaysian Angel Investment Scene
MALAYSIAN BUSINESS ANGEL NETWORK
The Malaysian Business Angel Network (MBAN) is the official trade association and governing body for angel investors and angel clubs in Malaysia. It strive and aims to put forward the agenda of angel investing in an all-inclusive manner for the benefit of members, the angel ecosystem and start-ups. MBAN is responsible for the accreditation of individual angel investors and angel investors clubs for the purposes of the angel tax incentive, creating awareness, training for angel investors and development of the angel investing ecosystem with Malaysia MBAN’s vision is to become the official voice the Malaysian angel investor community as well as a platform for engagement and knowledge sharing for domestic and international angel investors.
Find out more at http://www.mban.com.my
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 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 enables Malaysia’s budding innovators and aspiring entrepreneurs to transform their raw technology-based ideas is the ICT, non-ICT and high growth technology industries into commercially viable ventures or local start-up companies to attain commercialisation. Cradle offers two type of conditional grants- pre seed (CIP Catalyst & U-CIP Catalyst) and seed (CIP500). The pre-seed grants offer funding of up to RM 150,000 to teams of individuals to develop their innovative technology ideas into prototype 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 commercialisation.