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
Equity
Financing amount (max)

RM2 Million

Purpose of Financing
Working Capital
CAPEX
Technology Development
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