CIP SPRINT
Grant Overview
CIP SPRINT is a grant of up to RM600,000 for a maximum duration of eighteen (18) months, covers the commercialization of tech and covers SMEs. It is a funding in the form of a conditional grant to assist entrepreneurs to fund their technology based business venture. Upon receiving the fund, the CIP SPRINT recipients are supported with business networking opportunities and other value-add services which will help nurture, develop and prepare them with business model development, market validation skill and market access.
Grant Details
Grant Type
Conditional Grant
Eligibility Criteria
Criterias for Sdn Bhd:
1. Less than 7 years old
2. Company"s revenue <RM5 million
3. No other company hold 25% or more of shareholding in the company
4. Majority employees are Malaysians (for <51% Malaysian owned company)
5. Must own IP rights (including university & reserach institute spin offs)
6. At least 2 directors (at least 1 must be Malaysian)
1. Less than 7 years old
2. Company"s revenue <RM5 million
3. No other company hold 25% or more of shareholding in the company
4. Majority employees are Malaysians (for <51% Malaysian owned company)
5. Must own IP rights (including university & reserach institute spin offs)
6. At least 2 directors (at least 1 must be Malaysian)
SectionAdministering Agency / Organization
Agency/Company Name
Cradle Fund Sdn Bhd
Agency/Company Description
Cradle Fund Sdn Bhd (Cradle) is Malaysia"s early stage start-up influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech start-ups through its Cradle Investment Programme (CIP).