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GRANT'S NAME Cradle Investment Programme SPARK (CIP SPARK)
AGENCY Cradle Fund Sdn Bhd (Cradle)
PURPOSE To assist early-stage entrepreneurs to develop and commercialize their product.
AMOUNT OF GRANT Up to RM150,000 for a maximum duration of eighteen (18) months
SECTOR No specified sector, applicable for all sector
ELIGIBILITIES
  1. Individual, LLP, Enterprise & SDN BHD Companies
  2. Minimum 2 individuals in a team (at least 1 individual must be Malaysian OR at least 1 individual residing in Malaysia (Malaysian / Non Malaysian)
  3. For <51% Malaysian owned, majority employees must be Malaysian
  4. <5 Years of incorporation
  5. Accumulated revenue <RM3 million
  6. Have IP rights
  7. No other companies hold 25% or more
  8. No paid-up capital requirement

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