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Cradle Fund — CIP SPRINT (Commercialisation Grant)
Grant — Conditional (non-repayable unless terminated)
Conditional commercialisation grant from Cradle Fund for revenue-stage Malaysian tech SMEs (<7 years, revenue <RM5M) taking a proven product to market.
Open & Active — Rolling applications at cradle.com.my/cip-sprint. Companies <7 years old, revenue <RM5M, up to RM600K conditional grant.
Financial Parameters
- Total pool / mandate
- Not publicly disclosed (rolling annual allocation under MOF/MOSTI mandate)
- Ticket size
- RM300,000 – RM600,000
- Cost of capital
- 0% — non-repayable conditional grant (repayment triggered only on termination or breach)
- Tenure
- Up to 18 months
- Grace period
- N/A (grant)
- Shariah-compliant
- No
Focus Areas
- Value chain segments
- IC Design & Embedded SystemsAdvanced Packaging / OSATEquipment Manufacturing / Automation
- Use of proceeds
- CommercialisationExport / Mkt Access
- Company stage
- Early revenue (Seed–Series A)Growth-stage
Eligibility
- Ownership requirement
- Sdn Bhd only; company <7 years old at application; accumulated revenue <RM5M; ≥51% Malaysian-owned; no single shareholder >25%; IP ownership; min RM10,000 paid-up capital; ≥2 directors (min 1 Malaysian)
Commercialisation-stage tech SME; proven product ready for market; revenue-generating or pre-revenue with validated product
Application
- Application cycle
- Rolling — online via Cradle portal (cradle.com.my); no fixed cohort calendar publicly stated
Background
- Example recipients
- Tech SMEs commercialising semiconductor test equipment, IC design tools, embedded systems
- Notes / source
- Source: Cradle Fund Sdn Bhd, https://cradle.com.my/cip-sprint/