CIP Accelerate is a programme that provides funding of up to RM2,000,000 and value-added assistance that specifically caters to deep tech startups, SMEs and spinoffs from Universities and Research Institutes.

​

CIP Accelerate assists these early stage deep tech companies to commercialise their proven system and ready product at Technology Readiness Level (TRL) 8 and above.


Type of Cmapany
Natural of Business
Sales a Year
Company Registered How Long (Year)
Propose of Grant
Cost of the project (RM)
Malaysian shareholder

Target Sectors

 

Sectors covered under these programmes include information and communications technology, advanced manufacturing and engineering, food security and technology and socioeconomic drivers.

​

Criteria

​

  • Deep tech companies at Technology Readiness Level (TRL) 8 and above

  • Sdn Bhd (including uni spinoff & SME Categories)

  • Accumulated revenue not more than RM5 Million

  • 51% Malaysian owned

  • Minimum 2 directors (at least one must be Malaysian)

  • Minimum paid-up capital is RM10,000

  • Not a subsidiary of a company and the company should have less than 25% shareholding of any entity
    For universities, the company must comply with the prerequisite conditions to settle the rights issues with the universities to avoid difficulties in the future. Agreement will be signed between the company and Cradle only.

  • Must have IP rights (rights i.e. licensing for commercialisation)
    For universities, the company must comply with the prerequisite conditions to settle the rights issues with the universities to avoid difficulties in the future. Agreement will be signed between the company and Cradle only.