KUALA LUMPUR, June 19 (Bernama) — Malaysia’s early stage start-ups influencer Cradle Fund Sdn Bhd (Cradle), today reveals two new investment programmes – Cradle Investment Programme Ignite (CIP Ignite) and Cradle Investment Programme Accelerate (CIP Accelerate) following its announcement last year to further enhance its Cradle Investment Programme 300 (CIP300) and Direct Equity 800 (DEQ800) to cater to a wider audience. The new funding programmes provide more opportunities for local companies to explore the commercialization of innovation as well as accelerate their growth.
The CIP Ignite is designed as a conditional grant of up to RM500, 000 to help support early stage technology-based start-ups, tech based SMEs or spin-off companies from universities or research institutes. The grant is divided into distinct two components – CIP Ignite (1) for deep tech innovations and CIP Ignite (2) for other innovative tech-based companies. These new funding programmes were designed to create more opportunities for early stage companies to commercialise their innovations and create value in the market.