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Scope of Funding

CIP SPARK is a conditional grant of up to RM150,000 for a maximum duration of eighteen (18) months, covering the development and pre-commercialization of technology startups. This grant is open to individuals and companies.

Application Method

Please visit https://cradle.com.my/grants/cip-spark/ for further information

Web submission as per link: https://gms.cradle.com.my/#/authentication/signin
 

Qualification Criteria

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
 

Contact Information

Cradle Fund Sdn Bhd
Level 20, Sunway Putra Tower 
100 Jalan Putra, 50350
Kuala Lumpur

Email
enquiries@cradle.com.my
Telephone
03-40458600
Last modified
12 October 2023