Cradle Investment Programme Accelerate (CIP Accelerate)
Objectives
CIP Accelerate is a programme that provides funding of up to RM2,000,000 and value-added assistance that specifically caters to deep tech startups, SMEs and spinoffs from Universities and Research Institutes. CIP Accelerate assists these early stage deep tech companies to commercialise their proven system and ready product at Technology Readiness Level (TRL) 8 and above.
Financing type
EquityFinancing amount (max)
RM2 Million
Purpose of Financing
Eligibility criteria
- Sdn Bhd (including uni spinoff & SME Categories).
- Accumulated revenue not more than RM5 Million.
- 51% Malaysian owned.
- Minimum 2 directors (at least one must be Malaysian)
- Minimum paid-up capital is RM10,000.
- Not a subsidiary of a company and the company should have less than 25% shareholding of any entity.
- Must have IP rights (rights i.e. licensing for commercialisation)
For universities, the company must comply with the prerequisite conditions to settle the rights issues with the universities to avoid difficulties in the future. Agreement will be signed between the company and Cradle only.
Application procedure
Submit pitch deck to cipaccelerate@cradle.com.my
For further information
Cradle Fund Sdn Bhd
Suite 4.8.1, Level 4
PNB Darby Park
10 Jalan Binjai
50450 Kuala Lumpur
Tel: 03-2166 4730
Email: enquiries@cradle.com.my