Get In the CIP Fire Up and CIP Accelerate as Cradle intends to speed up commercialisation of development

Posted on June 22, 2020 by Design in Design Innovation | 0 Comments

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Malaysia’s early stage startups influencer Cradle Fund Sdn Bhd (Cradle), today exposed two brand-new financial investment programs– Cradle Financial Investment Program Ignite (CIP Spark) and Cradle Financial Investment Program Accelerate (CIP Accelerate) following its announcement last year to further enhance its Cradle Investment Programme 300 (CIP300) and Direct Equity 800 (DEQ800) to deal with a larger audience. The brand-new financing programs offer more opportunities for regional companies to explore the commercialisation of innovation along with accelerate growth.

The CIP Fire up is created as a conditional grant of up to US$ 117,000 (RM500,000) to help support early phase technology-based startups, tech based SMEs or spin-off business from universities or research institutes. The grant is divided into distinct two components– CIP Spark (1 ) for deep tech developments and CIP Spark (2 ) for other innovative tech-based business. These new financing programs were created to develop more opportunities for early stage companies to commercialise their developments and produce worth in the market.

Cradle also presented CIP Speed up, a program that offers financing of approximately US$ 468,000 (RM2 million) focused on accelerating the growth of deep tech business and spin-offs from universities and research study institutes.

To boost the potential success of fund receivers of these programmes Cradle will supply worth included assistance in the type of its Structured Training Programme (SCP) where fund recipients will be provided the services of a knowledgeable business coach, other value added services in addition to targeted training chances to address other vulnerabilities. All of these, based upon Cradle’s experience, boosts sustainability and resiliency.

Sectors covered under these programmes consist of ICT, Advanced Production & & Engineering, Food Security & & Innovation and Socio economics chauffeurs. Both grants are offered to locally bundled companies with not less than 51% Malaysian ownership and earnings of not more than RM5 Million. Applications may be made online via Cradle’s website.

[RM1 = US$ 0.23]

According to Rafiza Ghazali ( pic above), group president of Cradle, “The brand-new grants have actually been established based upon what we have actually experienced throughout the Covid-19 pandemic. The world we reside in is changing rapidly and the obstacles we face today and in the future can only be overcome by harnessing technology and innovation if we are to speed up healing and to remain competitive. We can no longer pay for ‘service as normal’ to find innovative, technology based options for the pressing problems Malaysia faces such as environment modification, access to better health care and food and energy security.“.