Cradle Funds Sdn Bhd offers a fund of up to RM500,000 for budding Malaysian companies with the necessary funds, support and skills required. The initiative is to support commercialization of products and or services in the following categories:
- ICT
- Creative multimedia & content development
- Shared services outsourcing
- Hardware design
- Software development (Bio-informatics, consumer productivity applications, data mining
& business intelligence, electronic design automation, enterprise & business services,
gaming & interactive entertainment, Internet & e-Commerce, networking,
communications & connectivity, open source, operating systems, security)
- Internet-based businesses
- NON-ICT
tech)
- Advanced materials
- Advanced manufacturing-related tech
- Renewable energy / waste management / recycling tech
- High-technology consumer & business products
- OTHERS
- Semi-conductors (manufacturing of integrated circuits, microprocessor, logic devices,
chipsets, memory chips)
- Life sciences (neuroscience, organic chemistry, potential drug target & method of
treatment inventions, protein & nucleic acid-based inventions, small molecule chemistry
& pharmaceuticals, medical devices, drug delivery systems, molecular biology assays,
tools & techniques, analytical chemistry)
- Clean technology (energy consumption, power management, alternative fuels & materials)
ELIGIBILITY CRITERIA:
* At least 51% of the company's equity is held by Malaysians, and
* Company in operations for less than three (3) years, and
* Company's total revenue is not more than RM5mil in its total financial history, and
* Company owns the Intellectual Property (IP) rights of the products and/or services, which is
intended for commercialisation
* Company already has a prototype which only requires another 8% to 10% product
refinement work to meet market & industry's expectations/demands.
WHAT CAN YOU USE THE RM500,000 FROM CIP500 FOR?
* product development, testing, design and packaging
* marketing expenses (including collaterals, travel where necessary, etc)
* IP search & registration as well as market research & feasibility studies
* remuneration of employees (up to 30% of total funding amount only)
* rental and utilities
* purchase of hardware and software
* training (where necessary)
* business plan refinement
* technology licensing / acquisition (if applicable)
* mentoring / coaching expenses & professional fees
* production related expenses (where necessary)
* contingency expenses (10%) - insurance, tax, duties, licensing, etc
If you are interested to apply for the grant, head up to www.cradle.com.my, register for free and start applying today!
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