Cradle Fund announced earlier today that applications for the newly launched CIP300 investment program are now open to the public. The announcement was made via the company's official Facebook page.

CIP300 is a newly launched pre-seed programme that provides financial and value added assistance of up to RM300,000 for entrepreneurs to kick-start innovative technology-based business ventures.

Some of the value added benefits and support available under the CIP300 program include (but are not limited to) the following:

• Enhanced Coaching & Mentoring Programme throughout the funding period
• Opportunity to be matched with potential investors
• Match making with Cradle's partners
• Internal Training Programme to support Creation, Innovation & Commercialisation
• Participation in Business & Networking events under Cradle
• Media and PR support

and more.

Startups that are interested in CIP300 will have to meet the following criteria to qualify for the application:

• Applicants must be of 18 years of age and can apply individually or through locally incorporated companies operating less than 3 years.
• Sectors that are covered include ICT, non-ICT, and other tech fields such as semi-conductors, life sciences, and clean tech.
• For companies that are applying, the accumulated revenue must not be more than RM3 million.
• Applicants must be a permanent resident in Malaysia.

Interested parties may apply for the program directly via Cradle's website or by reaching out to the company via the following contact points:

Email: cip300@cradle.com.my
Phone: +603-4045-8600