CIP Accelerate

CIP Accelerate is a programme that provides funding of up to RM2,000,000 and value-added assistance that specifically caters to deep tech startups, SMEs and spinoffs from Universities and Research Institutes.

CIP Accelerate assists these early stage deep tech companies to commercialise their proven system and ready product at Technology Readiness Level (TRL) 8 and above.

To apply for CIP Accelerate, please send your pitch deck to cipaccelerate@cradle.com.my

TRL Definition Technology Readiness Level (TRL) is based on the TRL used by Ministry of Science, Technology and Innovation (MOSTI)
Pitch Template Please download and use this template for grant application

For more information, please contact us via FB Messenger or email us at enquiries@cradle.com.my

ARE YOU ELIGIBLE?

SIAPAKAH YANG LAYAK UNTUK MEMOHON GERAN INI?

  • Sdn Bhd (including uni spinoff & SME Categories)
  • Accumulated revenue not more than RM5 Million.
  • 51% Malaysian owned
  • Minimum 2 directors (at least one must be Malaysian)
  • Minimum paid-up capital is RM10,000
  • Not a subsidiary of a company and the company should have less than 25% shareholding of any entity.
  • Must have IP rights (rights i.e. licensing for commercialisation)
    For universities, the company must comply with the prerequisite conditions to settle the rights issues with the universities to avoid difficulties in the future. Agreement will be signed between the company and Cradle only.
  • Sdn Bhd (termasuk spinoff Universiti dan Penyelidikan dan PKS)
  • 51% milik rakyat Malaysia
  • Pendapatan tidak melebihi RM5Mil
  • Minimum 2 pengarah (sekurang-kurangnya seorang mestilah warganegara Malaysia)
  • Modal berbayar minimum RM10,000
  • Bukan anak syarikat (pegangan saham tidak melebihi 25%)
  • Mesti mempunyai hak IP (hak iaitu pelesenan untuk pengkomersialan)
  • Bagi universiti, syarikat mesti mematuhi prasyarat untuk menyelesaikan isu hak dengan universiti untuk mengelakkan kesulitan di masa depan. Perjanjian akan ditandatangani antara syarikat dan Cradle sahaja.
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Frequently Ask Questions about.....

ENG
Who can apply for CIP ACCELERATE?
  • Must have market validated product via paying customer.
  • Deep tech companies at Technology Readiness Level (TRL) 8 – 9 for product commercialisation.
What is the period of funding for CIP Accelerate?

Funding period will take between 18 to 24 months.

How will the funds be disbursed?

There are 3 modes of disbursement: Advance Payment, Direct Payment and Reimbursement

Will Cradle take ownership of the IP or company, in exchange for the funding?

No.

Do we need to own the IP or the technology?

Yes. The company must own the IP and/or have the rights to the IP.

Would my product/service need some traction (quantity of listing/users) before submitting the application?

Yes. You must have validated product via paying customers.

What are the documents needed to submit my application for CIP Accelerate?

You need to submit a concise pitch slides outlining your company background, technology, business model, market and financial projection of between 20-25 pages to cipaccelerate@cradle.com.my.

Will my concept / idea be leaked upon submitting my application?

No. Your concept/idea will be kept as private and confidential.