This is a grant information, Cradle Investment Programme (CIP) from Cradle Fund Sdn Bhd (CFSB), a wholly owned subsidiary of Malaysian Venture Capital Management Berhad (Mavcap). CFSB is under the auspices of the Ministry of Finance (MOF).

The maximum approval grant for this is up to a maximum of three conditional tranches, with up to RM50,000 per tranche.

CIP fund is a conditional grant that means the recipient will have to repay the amount of the grant received to CIP if:
- He/She fails to complete the implementation of deliverables (i.e. Business Plan or Prototype) that he/she has committed to; or
- He/She wishes to withdraw from CIP during the implementation process.
- Hie/her idea receives further funding or a sales contract worth a minimum of RM500,000 within the Ideas Bank stage (which is a period of 12 to 24 months, subject to terms and conditions).

the recipient will be obliged to return to the amount of the current tranche, and the amount of one previous tranche, that has been disbursed to him/her, plus an administration fee at the rate of 4% per annum.

CIP focus in diverse areas of  ICT, non-ICT and high-growth technology industries, which includes:
- Software and information services,
- Internet (e-services, e-commerce and e-content),
- Communication and networking,
- High-tech consumer and business products,
- Electronic and semi-conductors,
- Medical devices and advance material,
- Biotechnology and life sciences,
- Environmental resources management and renewable energy, and
- Technology innovation created for any industry (subject to our discretion).

If you are interested with this COP fund, do visit CIP's website at www.cradle.com.my or contact CIP via 
Email: enquiries@cradle.com.my
Telephone: +603 2166 4730

Other Grants Information,
Small Entrepreneur Guarantee Scheme (SEGS)
Young Entrepreneur Guidance Program Grant
Pembiayaan Mikro Comparative Table

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