Introduction : What is CIP Catalyst?

CIP Catalyst, the newly revamped pre-seed fund from Cradle Investment Programme (CIP), is a RM 100 million fund managed by Cradle Fund Sdn Bhd under the auspices of the Ministry of Finance (MOF).

Aspiring technopreneurs like yourself can now get funding to help get your technology-oriented ideas off the ground. The CIP Catalyst conditional grant is awarded to teams of innovative individuals who may receive up to a maximum of RM50,000 per tranche for their ideas. Subject to terms and conditions, you may also apply and receive the CIP Catalyst conditional grants up to a maximum of three (3) tranches.

We have expanded the categories of funded areas so that you will be able to get all the help you need to develop your innovative ideas. These categories include:

  • Development of prototype;
  • Proofs of concept;
  • Business plans;
  • Purchase of market feasibility research;
  • IP (Intellectual Property) search and registration;
  • Surveys on concrete statistical data;
  • Product sampling expenses; and

 

How does CIP Catalyst work?

You see yourself as a budding innovator and aspiring entrepreneur. We see ourselves as a platform that can help you transform your raw technology-related ideas into real commercially viable ventures.

With CIP Catalyst, you get more than prototype funding. You also get value-added services that will help nurture, develop and prepare you as successful innovators and entrepreneurs, such as:

  • Monitoring of the idea development;
  • Mentors
  • Further funding and market access support;
  • Coaching;
  • Networking opportunities;
  • Product and idea refinement;
  • Financial training; and
  • Others.

 

CIP Catalyst’s investment focus is in diverse areas of ICT, non-ICT and high growth technology industries, including:

  • Software and information services
  • Internet: e-services, e-commerce and e-content
  • Communication and networking: mobile data
  • High-tech consumer and business products
  • Electronic and semi-conductors
  • Medical devices and advance materials
  • Biotechnology and life sciences
  • Environmental resources management & renewal energy
  • Technology innovation created for any industry

 

CIP Catalyst is a developmental grant, and not a venture capital (VC) fund. This means that your ideas will be evaluated purely on how good and strong they are from both the commercial and technological perspectives. Your ideas will NOT be assessed according to the VC risk vs. reward profile or criteria.

Application must be submitted online at www.cradle.com.my

 

The CIP Catalyst is eligible to:

Malaysians aged 18 years old and older and permanently residing in Malaysia.
Minimum of two (2) applicants and maximum of five (5) applicants per application.

 

For more information, go to http://www.cradle.com.my/cms/content.jsp?id=com.tms.cms.article.Article_92ae16af-c0a8646c-1177e750-d49255b0