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

Content Writer

Epixel MLM Software

Palakkad, India

Full Time

Salary Undisclosed

Hair Stylist

Zen Beauty

Novena, Singapore

Full Time

SGD 2500 — SGD 3500 monthly

Platform Software Engineer [US]

Omnistrate

United States

Full Time

USD 80000 — USD 160000 yearly

Financial Advisor

Financial Entertainment

Singapore,

Full Time

USD 3 — USD 5 monthly

Marketing & business Development

Nestspace Malaysia

Damansara Utama, Malaysia

Full Time

MYR 3000 — MYR 4500 monthly

Community Builder

BEAMSTART

Klang Valley, Malaysia

Full Time

Salary Undisclosed

Associate Product Manager

Peakflo

Singapore, Singapore, United States

Full Time

USD 1200000 — USD 1500000 yearly

Founding Partnership Growth

Chariot

New York, United States

Full Time

USD 80000 — USD 150000 yearly

Brand Ambassador

LeaseSimple

United States,

Internship

Salary Undisclosed

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 - 2023 BEAMSTART. All Rights Reserved (Legal).