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GRANT'S NAME Cradle Investment Programme SPRINT (CIP SPRINT)
AGENCY Cradle Fund Sdn Bhd (Cradle)
PURPOSE To assist entrepreneurs to fund their technology based business venture.
AMOUNT OF GRANT Up to RM600,000 for a maximum duration of eighteen (18) months
SECTOR No specified sector, applicable for all sector
ELIGIBILITIES
  1. SDN BHD Companies
  2. Minimum 2 Directors (at least 1 individual must be Malaysian OR at least 1 individual residing in Malaysia
  3. For <51% Malaysian owned, majority employees must be Malaysian
  4. <7 Years of incorporation
  5. Accumulated revenue <RM5 million
  6. Have IP rights
  7. No other companies hold 25% or more
  8. Paid-up capital of at least RM10,000

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