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.
  • 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.
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Frequently Ask Questions about.....

ENG
Who can apply for CIP IGNITE (i)?

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

Who can apply for CIP IGNITE (ii)?

Non-deep tech companies at Technology Readiness Level (TRL) 8 to 9 for product commercialisation

How long is the application cycle of CIP Ignite?

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

How long is the funding period of CIP Ignite?

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

Can we be a part of the audience of another company’s pitching session?

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

How will the funds be disbursed?

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

Do we need to own the IP?

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

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

No.

Can we apply as individual, enterprise, or PLT?

No. Only Sdn Bhd may apply.

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

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

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

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

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