Criteria for individuals: 1. Malaysians 2. Non-Malaysian residing in Malaysia Criteria for company: 1. Less than five (5) years old at the point of application. 2. Accumulated revenue of the company must not be more than RM3 million. 3. The company must be at least fifty-one percent (51%) Malaysian-owned (or a majority of the employees must be Malaysians if less than 51%). 4. The company must have the necessary intellectual property rights to its products. 5. No other company holds 25% or more shareholding in the company. 6. No paid-up capital requirement
Applicants can register and apply at MYStartup Single Window Portal at https://www.mystartup.gov.my/
CIP SPARK is a grant of up to RM150,000 for a maximum duration of eighteen (18) months, covers the development and pre commercialization of for technology start-ups. It is a funding in the form of a conditional grant to assist early-stage entrepreneurs to develop and commercialize their product. Upon receiving the fund, the CIP SPARK 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. CIP SPARK is open to both companies and individuals. CIP SPARK accepts applications from various stages from ideation, prototype development, product enhancement. CIP SPARK is disbursed to recipients via advance payment and reimbursement basis. CIP SPARK is a conditional grant, whereby one of the conditions, is that recipients are subject to pay back the amount disbursed in case of termination and other terms as stated in the funding agreement.
Cradle Fund Sdn Bhd Level 20, Sunway Putra Tower 100 Jalan Putra, 50350 Kuala Lumpur