Cradle Investment Programme Ignite (CIP Ignite)

Objectives

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).

Financing type
Grant
Financing amount (max)

RM 500,000

Purpose of Financing
Working Capital
CAPEX
Technology Development
Eligibility criteria
  • Sdn Bhd (including University & Research institute spin-offs)
  • 51% Malaysian-owned
  • Revenue of not more than RM 5 million
  • Minimum 2 directors sitting in the company (of the two, 1 must be Malaysian)
  • Minimum paid-up capital of RM 10,000
  • Not a subsidiary of a company and no other company holds 25% and more of shareholding in your company 
  • Must have IP rights
Application procedure

Cradle Investment Programme Ignite (CIP Ignite) can only be completed and submitted online through Cradle’s website.

For further information

Cradle Fund Sdn Bhd 
Level 20, Sunway Putra Tower 
100, Jalan Putra, 
50350 Kuala Lumpur, 
Malaysia 
Tel: 03-4045 8600 
Email: enquiries@cradle.com.my