Cradle launches 2 new grants; up to RM2 million funding for SMEs.

Providing more opportunities for local companies.


Wallace Ho

19 Jun, 2020

Cradle launches 2 new grants; up to RM2 million funding for SMEs. | BEAMSTART News

- From our Sponsors -

Cradle Fund has launched 2 new grant programmes for early-stage technology companies.

The announcement was made earlier today via an online live stream together with the Minister of Science, Technology, and Innovation, Khairy Jamaluddin.

The new grant programs are as follows:

  • CIP Ignite: Funding of up to RM500,000 to validate and convert validated prototypes to market ready products.
  • CIP Accelerate: Funding of up to RM2 million to for product commercialization.
Differentiation of grant programmes. Source: Cradle.

The grants programmes cover the following sectors:

  • ICT
  • Advanced Manufacturing & Engineering
  • Food Security & Technology
  • Socio economics drivers. 

Other requirements for the grant programmes are as follows:

  • Companies must be incorporated in Malaysia.
  • At least 51% Malaysian owned.
  • Revenues must not be more than RM5 million
Rafiza Ghazali, Group CEO of Cradle.

Alongside funding, fund recipients will also be connected with an experienced business mentor, training opportunities, as well as value added services to further enhance their success.

According to Rafiza Ghazali, Group CEO of Cradle, she mentioned that "the new grants have been developed based on what we have experienced during the COVID-19 pandemic".

“The world we live in is changing rapidly and the challenges we face today and in the future can only be overcome by harnessing technology and innovation if we are to accelerate recovery and to remain competitive”, mentioned Rafiza Ghazali, Group CEO of Cradle.

Interested applicants can find out more about the grant programmes via Cradle's official website here.

- From our Sponsors -

Latest Jobs

Head of Demand Generation

Broccoli AI

California,

Full Time

USD 140000 — USD 180000 yearly

UX/UI Designer - Growth Team

Hapi

Full Time

USD 1500 — USD 2500 yearly

Senior Software Engineer

Diode Computers, Inc.

New York,

Full Time

USD 125000 — USD 200000 yearly

Customer Support Engineer

Vapi

California,

Full Time

Salary Undisclosed

Partnership Executive

Corgi

Utah,

Full Time

USD 70000 — USD 110000 yearly

Revenue Operations Executive (Payment Gateways)

Codingal

Karnataka,

Full Time

USD 500000 — USD 700000 yearly

Senior Manager – CPG Sales & Trade Finance

Confido

New York,

Full Time

USD 165000 — USD 205000 yearly

Lead UI/UX Designer

QFEX

England,

Full Time

USD 40000 — USD 120000 yearly

Quantum Engineer - Member of Technical Staff

Conductor Quantum

California,

Full Time

USD 120000 — USD 180000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).