For Companies: 1. The company must be a Sdn Bhd. 2. The company must be less than seven (7) years old at the point of application. 3. The accumulated revenue of the company must not be more than RM5 million. 4. 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%) 5. The company must have the necessary intellectual property rights to its products. 6. No other company holds 25% or more shareholding in the company. 7. At least 2 directors (at least one must be Malaysian). 8. The company must have a minimum paid-up capital of RM10,000.
Please visit https://cradle.com.my/grants/cip-sprint/ for further information Web submission as per link: https://gms.cradle.com.my/#/authentication/signin
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. CIP SPRINT is open to companies. CIP SPRINT accepts application from companies to cover for expenses such as product enhancement, market access, market expansion and others. CIP SPRINT is disbursed to recipients via advance payment and reimbursement basis. CIP SPRINT is a conditional grant, whereby one of the conditions, is that recipients are subject to pay back for the amount that has been disbursed, in the event of 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