Cradle Fund Sdn. Bhd. (Cradle), a focal point agency for Malaysia’s early-stage startup, incorporated under the Ministry of Finance Malaysia (MOF) in 2003 with a mandate to fund potential and high-calibre tech startups through its Cradle Investment Programme (CIP). Cradle is presently administered by the Ministry of Science, Technology and Innovation (MOSTI).
Throughout its history, Cradle has helped fund over 1000 Malaysian tech startups and holds the highest commercialisation rate amongst government grants in the country. Having more than a decade of experience in the nation’s grant funding scene, Cradle further expanded its role from grant provider to investor through the establishment of its venture arm, Cradle Seed Ventures in 2015 and following its portfolio expansion to equity investment in early 2017, Cradle offered both funding and investment assistance.
Currently, two new grants are made available to the startup ecosystem namely CIP SPARK and CIP SPRINT. Allocated under the 12-MP, CIP SPARK is a funding programme targeting technology startups for the development of ideas and Minimum Viable Product (MVP) as well as other pre-commercialisation activities and CIP SPRINT is for the commercialisation of innovative technology products and services, aimed at assisting technology startups at an early stage to develop and commercialise their products in the market.
Following the announcement of the Malaysian Startup Ecosystem Roadmap (SUPER) in 2021, Cradle has been appointed as the focal point agency for Malaysia’s startup ecosystem and mandated to ensure the successful running of a holistic ecosystem to enable and encourage growth among startups. Cradle also spearheads the MYStartup initiative – one of the interventions identified under five Ecosystem Drivers in SUPER – where it contributes directly to efforts in increasing the number of innovative and quality startups.
Cradle also administers the Angel Tax Incentive (ATIO), designed for angel investors to be accorded a tax deduction of up to RM500,000 to stimulate and encourage angel investments from private sector into technology-based startup companies in Malaysia.
Cradle’s product offerings are not only restricted to monetary aid, but also include commercialisation support, coaching and various value-added services to cater today’s entrepreneurs’ diversified needs.
To be preferred provider of early stage funding to innovate and aspiring entrepreneurs to be recognised and respected for excellence in service and product offerings
Cradle Fund Sdn Bhd
Level 20, Sunway Putra Tower,
100 Jalan Putra, 50350 Kuala Lumpur.
@ Copyright 2022 Cradle Fund Sdn Bhd.
All Rights Reserved.
Level 20, Sunway Putra Tower,
100 Jalan Putra, 50350 Kuala Lumpur.
@ Copyright 2022 Cradle Fund Sdn Bhd. All Rights Reserved.
@ Copyright 2022 Cradle Fund Sdn Bhd. All Rights Reserved.
Level 20, Sunway Putra Tower, 100 Jalan Putra, 50350 Kuala Lumpur.
