CIP Ignite

CIP Ignite is a programme that provides a conditional grant and value added assistance up to RM500,000 for tech based start-ups, local SMEs or spinoff companies from Universities and Research Institutes.

CIP Ignite is divided into two (2) - Ignite (i) and Ignite (ii) where both assists early stage tech based companies at different Technology Readiness Level (TRL)*.

Ignite (i) is specifically for deep tech startup at Technology Readiness Level (TRL) 5 to 7 to validate, convert validated prototype to market ready products and/or refine their prototype.

Ignite (ii) is for innovative tech based startup at Technology Readiness Level (TRL) 8 to 9 for the commercialisation of the product.

TRL Definition Technology Readiness Level (TRL) is based on the TRL used by Ministry of Science, Technology and Innovation (MOSTI)

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

ARE YOU ELIGIBLE?

  • 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
    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.
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Frequently Ask Questions about.....

ENG
Who is eligible to apply for CIP Ignite?
Apakah kelayakan untuk memohon CIP Ignite?

Eligibility criteria are as follows:

  1. CIP Ignite (i) (deep tech centric)
    1. Sdn Bhd (including uni spinoff & SME Categories)
    2. Accumulated revenue not more than RM5 Million.
    3. 51% Malaysian owned
    4. Minimum 2 directors (at least one must be Malaysian)
    5. Minimum paid-up capital is RM10,000
    6. Not a subsidiary of a company and the company should have less than 25% shareholding of any entity.
    7. 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.
  2. CIP Ignite (ii) (commercialisation centric)
    1. Sdn Bhd (including uni spinoff & SME Categories)
    2. Accumulated revenue not more than RM5 Million.
    3. 51% Malaysian owned
    4. Minimum 2 directors (at least one must be Malaysian)
    5. Minimum paid-up capital is RM10,000
    6. Not a subsidiary of a company and the company should have less than 25% shareholding of any entity
    7. 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

Kriteria kelayakan adalah seperti berikut:

  1. CIP Ignite -i (sentrik teknologi tinggi)
    1. Sdn Bhd (termasuk syarikat terbitan universiti & kategori PKS)
    2. Pendapatan terkumpul tidak lebih daripada RM5 juta. Pendapatan (daripada) produk di antara 0-RM50,000 (pendapatan produk mestilah dapat dianggap disebabkan oleh teknologi tinggi dimaksudkan)
    3. 51% milik rakyat Malaysia
    4. Minimum 2 orang pengarah (sekurang-kurangnya salah seorang adalah rakyat Malaysia)
    5. Bukan subsidiari sebuah syarikat (pegangan saham tidak melebihi 25%)
    6. Mesti memiliki hak harta intelek (hak i.e. pelesenan untuk pengkomersialan)

    Untuk universiti, syarikat (terbitan universiti) mestilah mematuhi pra-syarat untuk menyelesaikan isu hak dengan pihak universiti untuk mengelakkan kesulitan pada masa hadapan. Perjanjian akan ditandatangani hanya di antara syarikat dan Cradle.

  2. CIP Ignite- ii (sentrik pengkomersialan)
    1. Sdn Bhd (termasuk syarikat terbitan university & kategori PKS)
    2. Pendapatan terkumpul tidak lebih daripada RM5 juta. (Pengecualian khas untuk syarikat dengan pertumbuhan tinggi yang mempunyai keuntungan kasar maksimum RM5 juta). Justifikasi untuk pengecualian: untuk memasukkan PKS permulaan dan sederhana agar sesuai dengan kriteria [contoh fintech dan e-commerce di mana GMV (Gross Merchandise Volume), dan GTV (Gross Transaction Value) tinggi tetapi keuntungan kasar hanya sebahagian kecil dari GMV]. Pendapatan produk mestilah lebih dari RM50,000.
    3. 51% milik rakyat Malaysia
    4. Minimum 2 orang pengarah (sekurang-kurangnya salah seorang adalah rakyat Malaysia)
    5. Bukan subsidiari sebuah syarikat (pegangan saham tidak melebihi 25%)
    6. Mesti memiliki hak harta intelek (hak i.e. pelesenan untuk pengkomersialan)

    Untuk universiti, syarikat (terbitan universiti) mestilah mematuhi pra-syarat untuk menyelesaikan isu hak dengan pihak universiti untuk mengelakkan kesulitan pada masa hadapan. Perjanjian akan ditandatangani hanya di antara syarikat dan Cradle.

What is the maximum amount? What expenses are claimable?
Apakah jumlah (pembiayaan) maksimum? Apakah perbelanjaan boleh dituntut?

The maximum amount is RM500,000 (RINGGIT MALAYSIA FIVE HUNDRED THOUSAND).

  1. CIP Ignite (i) (deep tech centric)
    developmental (min 80%) and non-developmental (max 20%) expenses

    Examples of allowable expenses include:
    • certification and testing
    • prototyping expenses, design and development outsource fee
    • specific purpose software/hardware
    • professional fees, IP registration & legal related expenses
    • due diligence fee, accounting fee
    • subsidy for assets purchase (not building/land)
  2. CIP Ignite (ii) (commercialisation centric)
    commercialisation (min 60%) and non-commercialisation (max 40%) expenses

    Examples of allowable expenses include:
    • advertising, marketing and promotion
    • production/manufacturing expenditure, purchase of raw material, parts and components
    • mould and tooling, machineries, certification and testing
    • developmental, prototyping expenditure
    • prototyping, specific purpose software/hardware
    • professional fees, subsidy for assets purchase (not building/land)
    • salary (capped at maximum 30% of total funding amount)
    • accounting system/firm (MANDATORY)

Jumlah maksimum ialah RM500,000 (RINGGIT MALAYSIA DUA JUTA). Contoh perbelanjaan dibenarkan termasuk:

  1. CIP Ignite -i (sentrik teknologi tinggi)
    Perbelanjaan pembangunan (80%) dan bukan pembangunan (20%)
    • pensijilan dan ujian
    • perbelanjaan prototaip, bayaran penyumberan luar reka bentuk dan pembangunan
    • perisian/perkakasan tujuan khusus
    • yuran profesional, pendaftaran IP & perbelanjaan berkaitan undang-undang
    • bayaran ketekunan wajar, fi perakaunan
    • subsidi untuk pembelian asset-aset (bukan bangunan /tanah)
  2. CIP Ignite- ii (sentrik pengkomersialan)
    Perbelanjaan pengkomersialan (60%) dan bukan pengkomersilan (40%)
    • pengiklanan, pemasaran dan promosi
    • perbelanjaan pengeluaran / pembuatan, pembelian bahan mentah, bahagian-bahagian dan komponen
    • acuan dan perkakas, jentera, pensijilan dan ujian
    • perkembangan, perbelanjaan prototaip
    • prototaip, perisian/ perkakasan tujuan khusus
    • yuran profesional, subsidi untuk pembelian (bukan building / land) aset-aset
    • gaji (had maksimum 30% daripada jumlah dana)
    • sistem/firma perakaunan (mandatori)
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.

Peringkat pitching sehingga peringkat kelulusan akan mengambil masa kira-kira dua (2) hingga tiga (3) bulan.

What are other special requirements of the grant?
Apakah keperluan khas lain geran ini?

Companies are required to supplement the project cost with their own capital.

Syarikat dikehendaki menambah kos projek dengan modal mereka sendiri.

Can we apply as individual, enterprise, or PLT?
Bolehkah pemohon memohon sebagai individu, enterprise ataupun PLT?

No. Only Sdn Bhd may apply.

Tidak. Hanya syarikat Sdn Bhd yang boleh memohon.

Would my app need solid traction (quantity of listing/users) before submitting the application?
Adakah aplikasi saya memerlukan takat penerimaan (traction) padu (kuantiti penyenaraian / pengguna) sebelum mengemukakan permohonan?

For CIP Ignite (i) (TRL 5-7), not necessarily, but it will strengthen your application. For CIP Ignite (ii) (TRL 8-9), you need to have some traction for your product/technology to validate and prove the market needs of the product/technology.

Untuk CIP Ignite-i (pembangunan) tidak semestinya, tetapi ia akan mengukuhkan permohonan anda. Manakala untuk CIP Ignite-ii (pengkomersialan), anda perlu mempunyai sedikit takat penerimaan (traction) (kuantiti penyenaraian / pengguna) untuk mengesahkan dan membuktikan keperluan pasaran bagi produk/teknologi tersebut.

Would a tech co-founder significantly boost the chance to get funding?
Adakah adanya pengasas bersama teknikal meningkatkan dengan ketara peluang menerima pembiayaan?

Not necessarily, but it will strengthen your application.

Tidak semestinya, tetapi ia akan mengukuhkan permohonan anda.

What are the documents needed to submit my application for CIP Ignite?
Apakah dokumen-dokumen yang diperlukan untuk saya mengemukakan permohonan CIP Ignite?

You need to complete and submit the online pitch application form at www.cradle.com.my and pitch slides, which conforms to our guidelines stated in the online form.

Anda perlu melengkapkan dan mengemukakan borang permohonan pembentangan ringkas (pitch) yang terdapat dalam talian di www.cradle.com.my dan slaid pembentangan ringkas (pitch slides), yang mematuhi garis-garis panduan yang dinyatakan dalam borang dalam talian.

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

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

Tidak. Konsep/idea anda akan dirahsiakan kerana ia adalah sulit dan persendirian.

I have developed a product and currently being used by a client. Can I still apply for CIP Ignite?
Saya telah membangunkan sebuah produk dan kini digunakan oleh pelanggan. Adakah saya masih boleh memohon CIP Ignite?

Yes, you can apply, if you own the IP/product.

Ya, anda masih boleh memohon, jika anda pemilik harta intelek/produk.

What are the terms of conditional grant?
Apakah terma-terma geran bersyarat?

The fund must be used solely for the purpose of the development and/or commercialisation of the product/service, and the recipient is required to meet all deliverables within the stipulated timeline.

Dana mestilah digunakan semata-mata untuk tujuan pembangunan dan pengkomersialan produk/perkhidmatan, dan penerima dikehendaki menepati/memenuhi semua serahan kerja mengikut had masa ditetapkan.

How can I apply for CIP Ignite?
Bagaimana saya boleh memohon CIP Ignite?

Please go to www.cradle.com.my and click the ‘Apply’ button for CIP Ignite.

You will be directed to the page below. For first time user, please sign up to create your account before applying for the programme.

If you still have questions regarding CIP Ignite, please contact the team directly at enquiries@cradle.com.my.
If you face any issue in the online system, please contact our tech team at technicalgms@cradle.com.my. Please state your Application Title and/or screenshot.

Sila layari www.cradle.com.my dan klik butang ‘Pohon’ untuk CIP Ignite.

Anda akan dibawa ke laman seperti di bawah. Untuk pengguna kali pertama, sila daftar untuk membuka akaun anda sebelum membuat permohonan geran.

Jika anda masih mempunyai soalan mengenai CIP Ignite, sila berhubung terus dengan kami melalui emel di enquiries@cradle.com.my.

What is CIP Ignite?
Apakah CIP Ignite?

The CIP Ignite is a programme that provides 2 types of conditional grant up to RM500,000 and value added assistance for tech based startups, local SMEs or spin-off companies from the universities, research institutes, etc. . CIP Ignite is divided into two (2) – Ignite (i) and Ignite (ii) where both assists early stage tech based startups to develop or commercialise their product at different Technology Readiness Level (TRL) of entry.

CIP Ignite ialah satu program yang menyediakan geran bersyarat dan bantuan nilai tambah sehingga RM500,000 kepada syarikat pemula (startup), PKS tempatan serta syarikat terbitan universiti/institut penyelidikan. Geran ini ialah untuk syarikat teknologi tinggi untuk membangunkan/meningkatkan prototaip mereka dan mengkomersialkan produk atau perkhidmatan mereka, atau untuk syarikat pemula berasaskan teknologi yang inovatif untuk mengkomersialkan produk dan perkhidmatan mereka.

What is the purpose of CIP Ignite?
Apakah tujuan CIP Ignite?

The purpose of this programme is to assist early stage tech startups to develop or commercialise their products. CIP Ignite (i) assists deep tech companies at Technology Readiness Level (TRL) 5 to 7 to develop/enhance their prototype. On the other hand, CIP Ignite (ii) assists innovative tech-based companies to address the funding gap that exists for early stage businesses at the conversion of market-validated prototype to a commercial product and commercialisation of product at the Technology Readiness Level (TRL) 8 to 9.

Definition of Deep Tech

Deep tech is defined as a set of technologies based on scientific discoveries, engineering, mathematics, physics and medicine. It also includes new technological applications that can have a profound impact on people and society. The sectors that are most fertile for deep tech applications are life science, computing, food and agri tech, aerospace, energy and clean-tech, industrial technologies, telecom, new materials and chemistry. Deep tech also includes, among other things, artificial intelligence, deep learning and machine learning*. To qualify they must meet the following 4 elements:

* not exhaustive

  1. A scientific discovery or engineering innovation
  2. Requires R&D:
    1. Time spent on R&D of at least 1 year
    2. Fund spent on R&D of at least RM500k
  3. Possess fundamental and defensible scientific or engineering innovation that distinguish them from those that are based on incremental refinement or delivery of standardized technologies or only use business model innovation to create opportunities
  4. Deep tech innovations are well protected (IP) and hard to reproduce giving them a strong competitive advantage or barrier to entry

Tujuan program ini adalah untuk membantu syarikat-syarikat peringkat awal untuk membangunkan atau mengkomersialkan produk mereka. CIP Ignite (i) membantu syarikat teknologi tinggi (deep tech) di peringkat tahap kesediaan teknologi (TRL) 5 hingga 7 untuk membangunkan/meningkatkan prototaip mereka. CIP Ignite (ii) pula membantu syarikat pemula berasaskan teknologi yang inovatif, menangani jurang pembiayaan yang wujud untuk perniagaan-perniagaan peringkat awal di tahap pertukaran prototaip yang disahkan pasaran kepada produk komersil dan pengkomersilan produk di peringkat tahap kesediaan teknologi (TRL) 8 hingga 9.

Definisi Teknologi Tinggi

Teknologi tinggi (deep tech) didefinisikan sebagai set teknologi berdasarkan penemuan saintifik, kejuruteraan, matematik, fizik dan perubatan. Ia juga termasuk aplikasi teknologi baru yang boleh mempunyai kesan yang mendalam terhadap orang ramai dan masyarakat. Sektor-sektor yang paling subur untuk aplikasi teknologi tinggi ialah sains hayat, pengkomputeran, makanan dan teknologi agro, aeroangkasa, tenaga dan teknologi bersih, teknologi industry, telekomunikasi, bahan baru dan kimia. Teknikal tinggi juga termasuk, antara perkara-perkara lai; kecerdasan buatan, pengetahuan dalam dan pembelajaran mesin*. Untuk layak, mereka mesti memenuhi 4 elemen berikut:

*bukan menyeluruh

  1. Satu penemuan saintifik atau inovasi kejuruteraan
  2. Memerlukan R&D:
    1. Melalui proses R&D selama sekurang-kurangnya 1 tahun
    2. Dana dibelanjakan untuk R&D sekurang-kurangnya RM500k
  3. Memiliki inovasi saintifik dan kejuruteraan yang utama dan dapat dipertahankan, yang membezakan mereka daripada yang berasaskan perbaikan tambahan atau penyampaian teknologi diseragamkan, atau hanya menggunakan inovasi model perniagaan untuk mewujudkan peluang
  4. Inovasi-inovasi teknologi tinggi dilindungi dengan baik (IP) dan sukar untuk penghasilan semula yang memberi mereka kelebihan kompetitif kukuh atau sekatan kemasukan (barrier to entry)
How long is the funding period of CIP Ignite?
Berapa lamakah tempoh pembiayaan CIP Ignite?

As for the funding period, it will take twelve (12) up to eighteen (18) months.

Tempoh pembiayaan CIP Ignite akan mengambil masa dua belas (12) ke lapan belas (18) bulan.

How long will we be monitored by Cradle after completion?
Berapa lamakah penerima geran akan dipantau Cradle selepas tempoh pembiayaan?

24 Months.

Dua puluh empat (24) bulan.

Which industries can apply for CIP Ignite?
Industri manakah yang boleh memohon CIP Ignite?

*FOCUS AREAS – Prototype, Commercialisation & Venture Grant

  1. Digital/ICT (to include the following) :
    1. Travel
    2. Logistics/delivery
    3. Retail apps
    4. Cloud kitchen app
    5. Co-living management platforms
  2. Technology Drivers (Based on STIE Framework)
    1. 5G/6G
    2. Sensor Technology
    3. A4/5D Printing
    4. Advanced Materials
    5. Advanced Intelligence Systems
    6. Cyber-Security & Encryption
    7. Augmented Analystics & Data Discovery
    8. Blockchain
    9. Neuro Technology
    10. Gene-Editing & Modification
  3. Socioeconomic Drivers (based on STIE Framework)
    1. Energy Security
    2. Business Financial Services
    3. Culture Arts & Tourism
    4. Medical & Healthcare
    5. Smart Technology & Systems (Next-Gen Engineering & Manufacturing)
    6. Smart Cities & Transportation
    7. Water & Food Security
    8. Agriculture & Forestry
    9. Education
    10. Environment & Biodiversity
  4. ICT
    1. Mobile/wireless tech
    2. Creative multimedia & content development
    3. Shared services outsourcing
    4. Hardware design
    5. Software development (Bio-informatics, consumer productivity applications, data mining & business intelligence, electronic design automation, enterprise & business services, gaming & interactive entertainment, Internet & e-Commerce, networking, communications & connectivity, open source, operating systems, security)
    6. Internet-based businesses
  5. Non-ICT
    1. Biotechnology (Bio-informatics, Bio-chemicals, Bio-diagnostics tools, agriculture and food tech)
    2. Advanced materials
    3. Advanced manufacturing-related tech
    4. Renewable energy / waste management / recycling tech
    5. High-technology consumer & business products
  6. Others
    1. Semi-conductors (manufacturing of integrated circuits, microprocessors, logic devices, chipsets, memory chips)
    2. Life sciences (neuroscience, organic chemistry, potential drug target & method of treatment inventions, protein & nucleic acid-based inventions, small molecule chemistry & pharmaceuticals, medical devices, drug delivery systems, molecular biology assays, tools & techniques, analytical chemistry)
    3. Clean technology (energy consumption, power management, alternative fuels & materials)

** And other relevant areas (non-exhaustive list)

*BIDANG TUMPUAN–Prototaip dan pengkomersialan

  1. Digital/ICT (untuk merangkumi yang berikut) :
    1. Perjalanan/Pengembaraan
    2. Logistik/Penghantaran
    3. App peruncitan
    4. App dapur awan (cloud)
    5. Platform pengurusan tinggal-bersama (Co-Living)
  2. . Pemacu Teknologi (Berdasarkan rangka kerja STIE)
    1. 5G/6G
    2. Teknologi Sensor
    3. Percetakan A4/5D
    4. Bahan Termaju
    5. Sistem Kecerdasan Termaju
    6. Keselamatan Siber & Penyulitan
    7. Analitis Anjuran (Augmented Analytics) & Temuan Data
    8. Blockchain
    9. Teknologi Neuro
    10. Penyuntingan dan Pengubahsuaian Gen
  3. Pemacu Sosioekonomi (Berdasarkan rangka kerja STIE)
    1. Keselamatan Tenaga
    2. Khidmat Kewangan Perniagaan
    3. Kebudayaan Kesenian & Pelancongan
    4. Perubatan & Penjagaan Kesihatan
    5. Teknologi & Sistem Pintar (Kejuruteraan & Pembuatan Generasi Berikutnya)
    6. Bandar Pintar dan Pengangkutan
    7. Keselamatan air dan makanan
    8. Perhatian dan Perhutanan
    9. Education Pendidikan
    10. Alam Sekitar & Kepelbagaian Bio
  4. ICT
    1. Bergerak (mobile) / teknikal wayarles
    2. Multimedia kreatif & pembangunan kandungan
    3. Perkongsian perkhidmatan menyumberluarkan
    4. Reka bentuk perkakasan
    5. Pembangunan perisian (Bio-informatik, aplikasi produktiviti pengguna, perlombongan data & risikan perniagaan, automasi reka bentuk elektronik, perusahaan & perkhidmatan perniagaan, permainan & hiburan interaktif, Internet & e-dagang, rangkaian, komunikasi & keterkaitan, sumber terbuka, sistem pengoperasian, keselamatan)
    6. Perniagaan berasaskan internet
  5. Bukan ICT
    1. Bioteknologi (Bio-informatik, bahan kimia bio, alat diagnostik bio, teknologi pertanian dan makanan)
    2. Bahan termaju
    3. Teknologi termaju berkaitan pembuatan
    4. Teknologi tenaga boleh diperbaharui / pengurusan sisa / kitar semula
    5. Produk pengguna & perniagaan berteknologi tinggi
  6. Lain-lain
    1. Semi konduktor (pembuatan litar bersepadu, mikropemproses, peranti logik, chipsets, cip memori)
    2. Sains hayat (neurosains, kimia organik, sasaran ubat berpotensi & ciptaan kaedah rawatan, protein & ciptaan berasaskan asid nukleik, kimia molekul kecil & farmaseutikal, alat-alat perubatan, sistem penghantaran ubat, ujian biologi molekul, alat & teknik, kimia analisis)
    3. Teknologi bersih (penggunaan tenaga, pengurusan kuasa, bahan api & material alternatif)

** Dan bidang relevan lain (senarai tidak menyeluruh)

Do we need to pay back the grant, if we breached the terms and conditions of the agreement?
Adakah kami perlu membayar kembali geran tersebut, sekiranya kami melanggar terma dan syarat perjanjian?

Yes, companies will need to pay back disbursed grant amount plus administration fees.

Ya, syarikat perlu membayar balik jumlah geran yang telah dikeluarkan serta kos pentadbiran.

How is the CIP Ignite grant different from a loan?
Bagaimana geran CIP Ignite ini berbeza daripada sebuah pinjaman?

The CIP Ignite is a conditional grant offered by Cradle. The grant funding is an initiative from the Government to assist local entrepreneurs in starting up their technology based innovation journey. The recipient of CIP Ignite is not required to pay back the amount disbursed provided that they meet all deliverables set prior to signing of agreement.

CIP Ignite ialah geran bersyarat yang ditawarkan Cradle. Pembiayaan geran ini ialah initiative daripada kerajaan untuk membantu usahawan tempatan dalam memulakan perjalanan inovasi berasaskan teknologi mereka. Penerima CIP Ignite tidak diharuskan membayar balik jumlah yang dikeluarkan dengan syarat mereka memenuhi semua serahan kerja yang ditetapkan sebelum menandatangani perjanjian.

Is CIP300 and DEQ800 still available?
Adakah CIP300 dan DEQ800 masih ditawarkan?

Cradle has announced the cease of both CIP300 and DEQ800 in December 2019.

Cradle telah mengumumkan penamatan kedua-dua CIP300 dan DEQ800 pada bulan Disember 2019.

What is the difference between CIP Ignite with CIP 300 offered by Cradle?
Apakah perbezaan di antara CIP Ignite yang baharu dan CIP300?

CIP300 offers financial assistance of up to RM300,000 while CIP Ignite offers financial assistance of up to RM500,000.

CIP300 previously focused was for pre-commercialisation of innovative tech based products for startups less than 3 years while there are no age limit under CIP Ignite for companies.

Under CIP Ignite (i), deep tech companies at market validation stage can develop/enhance existing prototype into a commercial ready product, while for CIP Ignite (ii), innovative tech-based companies can commercialise their ready and qualified products.

CIP Ignite takes into account TRL of the tech product.

Technology Readiness Levels (TRL) are a type of measurement system used to assess the maturity level of a particular technology. Each technology project is evaluated against the parameters for each technology level and is then assigned a TRL rating based on the projects progress.

For better understanding on TRL, refer to the diagram below which was prepared by MOSTI.

A key feature of the CIP Ignite is a range of value added assistance that each CIP Ignite recipient will benefit from. These services are designed to help nurture, develop and prepare them for the challenges of building a tech start-up from the ground up. These value added support includes:

  • An enhanced Coaching & Mentoring Programme throughout the funding period
  • Opportunity to be matched with potential investors
  • Match making with Cradle’s partners
  • Internal training programme to support creation, innovation and commercialisation
  • Participation in business and networking events under Cradle
  • Media and public relation support

CIP Ignite menawarkan bantuan kewangan sehingga RM500,000. Di bawah CIP Ignite (i), syarikat-syarikat teknologi tinggi di peringkat pengesahan pasaran boleh membangunkan / meningkatkan prototaip sedia ada kepada produk sedia dikomersialkan, manakala untuk CIP Ignite (ii), syarikat-syarikat berasaskan teknologi yang inovatif boleh mengkomersialkan produk mereka yang sedia dan layak.

Tahap Kesediaan Teknologi ialah sejenis sistem ukuran yang digunakan untuk menilai tahap kematangan sesebuah teknologi. Setiap projek teknologi dinilai terhadap parameter untuk setiap tahap teknologi dan kemudian ditetapkan penarafan TRL berdasarkan perkembangan projek.

Untuk pemahaman yang lebih baik mengenai TRL, rujuk kepada diagram yang telah disediakan oleh MOSTI seperti di bawah.

Salah satu ciri utama CIP Ignite ialah rangkaian bantuan nilai tambah yang boleh dimanfaatkan oleh setiap penerima CIP Ignite. Semua perkhidmatan ini direka untuk membimbing, membangunkan dan menyediakan mereka untuk berdepan dengan cabaran dalam membina syarikat pemula teknologi daripada bawah. Sokongan nilai tambah ini termasuk:

  • Program latihan & bimbingan (Coaching & Mentoring) yang dipertingkatkan di sepanjang tempoh pembiayaan
  • Peluang padanan dengan pelabur-pelabur berpotensi
  • Pemadanan dengan rakan strategik Cradle
  • Program latihan dalaman untuk menyokong penciptaan, inovasi dan pengkomersialan
  • Penyertaan dalam perniagaan dan acara membina jaringan di bawah Cradle
  • Sokongan media dan perhubungan awam
Can we be a part of the audience of another company’s pitching session?
Bolehkah kami menjadi sebahagian daripada penonton sesi pitching syarikat lain?

No. All applicants can only be in for their pitching session and NOT other company’s session as all pitching session will be done as ‘Closed Session’.

Tidak. Semua pemohon hanya boleh berada dalam sesi pitching mereka sendiri dan BUKAN sesi syarikat lain kerana semua sesi pitching akan dilakukan secara ‘sesi tertutup’.

In regards to the disbursement of funds – do we pay then be reimbursed or get funded at that milestone?
Berkenaan pembayaran dana – adakah syarikat membayar dahulu kemudian dibayar balik, atau dibiayai pada peringkat kerja tersebut?

Companies will be reimbursed. Reimbursement means that the companies must pay first and claim back.

Syarikat akan dibayar balik. Pembayaran balik bermaksud syarikat mesti membayar dahulu dan kemudian membuat tuntutan terhadap bayaran tersebut.

How will the funds be disbursed?
Bagaimanakah dana tersebut dibayar?

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

Dana akan dibayar melalui sekali pendahuluan untuk memulakan projek, dan pembayaran berikutnya dibuat berdasarkan pembayaran balik dan bayaran terus.

Do we need to own the IP?
Adakah syarikat perlu memiliki harta intelek (IP)?

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

Ya. Syarikat mesti memiliki IP dan/atau hak terhadap IP.

Will Cradle take ownership of the IP or company, in exchange for the funding?
Adakah Cradle akan memegang harta intelek (IP), sebagai pertukaran dengan pembiayaan?

No. Cradle will not take any equity in the company or assignment of IP.

Tidak. Cradle tidak akan mengambil sebarang ekuiti di dalam syarikat atau serah hak IP.

As there is quite a few marketplace type app out there, is Cradle still interested to fund marketplace type app?
Memandangkan terdapat banyak aplikasi jenis pasaran di luar sana, adakah Cradle masih berminat untuk membiayai aplikasi jenis pasaran?

Yes, if the applicant is able to show the uniqueness of their app and how is it better than its current competitors.

Ya, sekiranya pemohon berupaya menunjukkan keunikan aplikasi mereka dan bagaimana ia lebih baik daripada pesaingnya.

What are the important points needed if I were to be called in for pitching? Is your team looking for a specific type of USP?
20. Apakah perkara penting yang perlu jika saya akan dipanggil untuk pitching? Adakah pasukan anda mencari cadangan jualan unik (USP) tertentu?

The competition of getting funded under Cradle Investment Programme has increasingly becoming competitive over the years. Innovation are evolving on a daily basis and we are looking for the best amongst the greatest. Highlighting important points as follows may help you in your application:

  • Clear explanation of the pain/problem/issue that you would like to address/solve
  • Clear explanation about the technology and/or innovation of your product/service
  • Clear explanation on how your technology and/or innovation can address/solve the issue that you would like to resolve
  • Clear and updated analysis in commercialisation aspect of your product/service which includes competitor analysis
  • The diversity in your team. It is not a must but having a diversity in team’s expertise such as tech, finance, etc. will show the strength in your team

Persaingan untuk dibiayai di bawah Cradle Investment Programme telah menjadi semakin kompetitif dalam beberapa tahun. Inovasi berkembang hari demi hari dan kami sedang mencari yang terbaik di antara yang terbaik. Menjelaskan perkara penting berikut membantu dalam permohonan anda:

  • Penerangan yang jelas mengenai masalah atau isu yang anda cuba tangani/atasi
  • Penerangan yang jelas mengenai inovasi teknologi produk/perkhidmatan anda
  • Penerangan yang jelas tentang bagaimana ciptaan teknologi anda melalui inovasi akan menangani/mengatasi yang anda ingin selesaikan
  • Analisa yang jelas dan terkini dalam aspek pengkomersialan produk/perkhidmatan anda termasuk analisa pesaing.
  • Kepelbagaian dalam pasukan anda. Ia bukan satu kemestian tetapi mempunyai kepelbagaian dalam kepakaran pasukan seperti teknikal, kewangan , dan lain-lain akan menunjukkan kekuatan dalam pasukan anda