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:
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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