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Malaysia's Cradle Fund announces 7 startups receiving CIP IGNITE II RM500k grant.

Grant for innovative tech based startup at Technology Readiness Level for the commercialisation of the product.


Malaysia's Cradle Fund announces 7 startups receiving CIP IGNITE II RM500k grant. | BEAMSTART News

Cradle Fund, the government agency providing early stage funding for innovative startup companies, has announced 7 startup companies who will be the first recipients of the CIP IGNITE II grant.

The news was first announced via the company's official Facebook page.

The 7 companies that will receive the grant are as follows:

  1. Havva Agrotech Sdn Bhd
  2. Senang La Sdn Bhd
  3. Neptrix Sdn Bhd
  4. Pandai Education Sdn Bhd
  5. Visual Math Interactive Sdn Bhd (ZapZapMath)
  6. GoCloud Technology Sdn Bhd
  7. Otomate Me Sdn Bhd

CIP IGNITE II is a programme that provides a conditional grant and value added assistance of up to RM500,000 for tech based start-ups, local SMEs, or spin-off companies to commercialise their product or service.

Cradle hopes to support startups in any way to elevate their respected companies, and contribute significant impact in the startup ecosystem.

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Cradle Fund

A GLC under the Ministry of Science, Technology & Innovation (MOSTI)

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Otomate Me

Otomate Me's tools help SMEs to automate and personalize their internal processes through email, Whatsapp, and SMS.

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MOSTI

Ministry of Science, Technology, and Innovation

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