CIP Ignite (ii)

ARE YOU ELIGIBLE?

Sdn Bhd (including University & Research Institute spin-offs and SMEs)

Revenue of not more than RM5 million

51% Malaysian-owned

Minimum 2 directors (at least one must be Malaysian)

Minimum paid-up capital
is RM10,000

Must have IP rights (including University & Research Institute spin-offs)

Not a subsidiary of a company and no other company holds 25% and more of shareholding in your company

APPLY HERE
About

CIP IGNITE

CIP IGNITE is a funding programme that provides a conditional grant and value added assistance of up to RM 500,00 for technology start-ups, local SMEs or spin-off companies from universities and research institutes.



CIP IGNITE (i) is designed specifically for deep tech companies at Technology Readiness Level (TRL) 5 to 7

WHY SHOULD YOU APPLY FOR CIP IGNITE (i):
- For product validation
- To convert validated prototype to market ready products
- To refine/enhance prototype



CIP IGNITE (ii) is designed specifically for non - deep tech companies at Technology Readiness Level (TRL) 8 to 9

Any company that would like to apply for CIP IGNITE (ii) MUST have market validated product via paying customer.

WHY SHOULD YOU APPLY FOR CIP IGNITE (ii):
- For product commercialisation


What is Deep Tech?

Learn more about our deep tech definition HERE


Which TRL Am I?

Technology Readiness Level (TRL) is based on the TRL used by the Ministry of Science, Technology and Innovation (MOSTI)
Click here to find out which TRL are you at.


Which Programme Suits You?

Cradle offers funding programmes to support early stage innovative technology companies. Click here to find out which programme suits you best

STILL HAVE QUESTIONS?

ENG  |   BM
Who can apply for CIP IGNITE (i)?
Siapakah yang boleh memohon CIP IGNITE (i)?

Deep tech companies at Technology Readiness Level (TRL) 5 to 7 for validation, conversion and refinement of products.

Syarikat-syarikat teknologi tinggi (Deep Tech) pada Tahap Kesediaan Teknologi (TRL) 5 ke 7 untuk pengesahan, penukaran dan perbaikan produk.

Who can apply for CIP IGNITE (ii)?
Siapakah boleh memohon untuk CIP IGNITE (ii)?
  • Must have market validated product via paying customer.
  • Non-deep tech companies at Technology Readiness Level (TRL) 8 to 9 for product commercialisation.
  • Mesti mempunyai produk yang telah disahkan pasaran melalui pelanggan berbayar.
  • Syarikat-syarikat bukan teknologi tinggi (Non – Deep Tech) pada Tahap Kesediaan Teknologi (TRL) 8 ke 9 untuk pengkomersialan produk.
How long is the application cycle of CIP Ignite?
Berapa lamakah kitaran permohonan CIP Ignite?

From pitching stage to approval stage will take around two (2) to three (3) months.

Dari peringkat pembentangan ringkas niaga (pitch) hingglah kepada peringkat kelulusan akan mengambil masa sekitar dua (2) hingga tiga (3) bulan.

How long is the funding period of CIP Ignite?
Berapa lamakah tempoh pembiayaan CIP Ignite?

It will take between twelve (12) up to eighteen (18) months.

Ia akan mengambil masa antara dua belas (12) sehingga lapan belas (18) bulan.

Can we be a part of the audience of another company’s pitching session?
Bolehkah kami jadi sebahagian audiens sesi ‘pitch’ syarikat lain?

No. All pitching session will be done as ‘Closed Session’.

Tidak. Semua sesi ‘pitch’ akan dilaksanakan secara tertutup.

How will the funds be disbursed?
Bagaimanakah pembiayaan akan dibayar?

Funds will be disbursed through one-time advance to kick-start the fund. The following/rest will be on reimbursement and direct payment basis.

Dana akan dibayar melalui pendahuluan kadar sekali untuk memulakan pembiayaan. Pembayaran berikutnya/selebihnya adalah berdasarkan kaedah pembayaran balik dan pembayaran terus.

Do we need to own the IP?
Adakah kami perlu miliki IP?

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

Ya. Syarikat hendaklah memiliki IP dan / atau mempunyai hak kepada IP.

Will Cradle take ownership of the IP or company, in exchange for the funding?
Adakah Cradle akan memegang pemilikan IP atau syarikat, sebagai pertukaran kepada pembiayaan?

No.

Tidak.

Can we apply as individual, enterprise, or PLT?
Bolehkah kami memohon sebagai individu, enterprise, atau PLT?

No. Only Sdn Bhd may apply.

Tidak. Hanya syarikat Sdn Bhd boleh memohon.

Would my product/service need solid traction (quantity of listing/users) before submitting the application?
Adakah produk/perkhidmatan saya memerlukan traksi (kuantiti penyenaraian/pengguna) sebelum mengemukakan permohonan?

CIP IGNITE (i)
Not necessary but it will strengthen your application.

CIP IGNITE (ii)
Yes. You must have validated product via paying customers

CIP IGNITE (i)
Tidak perlu tetapi ia akan mengukuhkan permohonan anda.

CIP IGNITE (ii)
Ya. Anda mesti mempunyai produk yang telah disahkan (divalidasi) melalui adanya/kewujudan pelanggan yang membayar

Will my concept/idea be leaked upon submitting my application?
Adakah konsep saya / idea dibocorkan atas menyerahkan permohonan saya?

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

Tidak. Konsep/idea anda akan disimpan sebagai sulit dan rahsia.

MORE INFORMATION
PLEASE CONTACT US
EMAIL US enquiries@cradle.com.my