CIP Spark

Agency in Charge:

Cradle Fund Sdn Bhd

Application Deadline:

Available throughout the year

Target Group:

Entrepreneurs that need fundings to cover the development and pre-commercialisation of their technology start-ups.

Form of Aid:

Conditional grant, Conditional Development / Pre-Seed Grant

Details:

  • It is funding in the form of a conditional grant to assist early-stage entrepreneurs to develop and commercialise their products.
  • Up to RM150,000 for a maximum duration of eighteen (18) months
  • Open to both companies and individuals.
  • CIP SPARK is disbursed to recipients via advance payment and reimbursement basis
  • Funding utilisation for CIP Spark: At least 60% is for developmental expenses & maximum of 40% for non-developmental expenses (including commercialisation expenses.

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