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Cip presentation slides official 20120620
 

Cip presentation slides official 20120620

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  • Cradle Fund Sdn Bhd (Cradle) is an agency under the Ministry of Finance, Malaysia (MOF) which manages the Cradle Investment Programme (CIP) since its inception in 2003.
  • Let’s look at the grants offered under CIP. First we have the Pre-seed grant. Pre-seed is divided into two categories which CIP Catalyst for the general public – (refer criteria) And the U-CIP Catalyst is for universities, colleges and research institutes – (refer criteria) – Because will usually involve a third party signing with the university/research institute. I believe most of you here would fall under the CIP Catalyst category. The key thing you need to remember is that the CIP and U-CIP Catalyst is specifically for prototype development. Batch closing: every end of the month (on-going) Approval timeline: 10-14 weeks Developmental Period: 12 months Mobilisation Fee: 10% upfront for each tranche Payment basis: upfront 10% mobilisation fee, reimbursement (based on original receipts) & direct disbursement to suppliers Repayment trigger point: 1 year monitoring period, for every 500k secure, pay back 50k – so if 1.5mil, pay back up to amount of disburse + 4% admin fee – installment basis
  • Next, we have for Seed, the CIP 500 – (refer criteria) The key thing to remember is that CIP 500 is for product commercialisation. No batch closing: On-going Approval timeline: 3-4 months Funding Period: 12-18 months Repayment trigger point: 2 years monitoring period, accumulative revenue of 2.5mil AND profit 300k – pay back half of the amount disburse + 4% admin fee – installment basis
  • That would be the end of today’s presentation. I hope you have gained some valuable information today, we thank you for coming and look forward to receiving your applications 

Cip presentation slides official 20120620 Cip presentation slides official 20120620 Presentation Transcript

  • Cradle Fund Sdn Bhd © Copyright 2011
  • Cradle Fund Sdn Bhd © Copyright 2011
  • Cradle Fund Sdn Bhd © Copyright 2011
  • Cradle Fund Sdn Bhd © Copyright 2011
  • Cradle Funds TechnologyInnovation with Commercial Value. Cradle Fund Sdn Bhd © Copyright 2011
  • Our focus  Technology  Innovation  Commercial Related Viability Cradle Fund Sdn Bhd © Copyright 2011
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • What is CIP? Malaysia’s 1st development and technology commercialisation funding programme Cradle Fund Sdn Bhd © Copyright 2011
  • What is CIP? Malaysia’s 1st development and technology commercialisation funding programme Offers innovators and entrepreneurs the FUNDS Cradle Fund Sdn Bhd © Copyright 2011
  • What is CIP? Malaysia’s 1st development and technology commercialisation funding programme Offers innovators and entrepreneurs the FUNDS and the COMMERCIALISATION SUPPORT to help them transform their raw technology-based ideas into commercially viable ventures or local start-up companies to attain commercialisation Cradle Fund Sdn Bhd © Copyright 2011
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • Pre-Seed • Entrepreneurs • Public • Up to RM150,000 (2 tranche) • Funding of Idea For Entrepreneurs • Prototype & Biz Plan • Universities/Colleges • Research Institutes, Students • Up to RM150,000 (2 tranche) • Funding of Idea & For Universities Enhancements Cradle Fund Sdn Bhd © Copyright 2011
  • Seed/Commercialisation • Start-Ups • Up to RM500,000 (max: 2 approvals) • Funding of Market Access for Products Services For Start-Ups Cradle Fund Sdn Bhd © Copyright 2011
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • Our Development FocusEnd-to-end Funding Prototype CommerciaIdea Developme lisation nt Cradle Fund Sdn Bhd © Copyright 2011
  • Our Development FocusEnd-to-end Funding Prototype CommerciaIdea Developme lisation nt Cradle Fund Sdn Bhd © Copyright 2011
  • Our Development FocusEnd-to-end Funding Prototype CommerciaIdea Developme lisation nt Cradle Fund Sdn Bhd © Copyright 2011
  • Our Development FocusEnd-to-end Funding Prototype CommerciaIdea Developme lisation nt Cradle Fund Sdn Bhd © Copyright 2011
  • Our Investment FocusTechnology Innovation ICT• Mobile/Wireless Tech• Creative Multimedia & Content Development• Shared Services Outsourcing• Hardware Design• Software Development• Internet-based Businesses Cradle Fund Sdn Bhd © Copyright 2011
  • Our Investment FocusTechnology Innovation ICT• Mobile/Wireless Tech• Creative Multimedia & Content Development• Shared Services Outsourcing• Hardware Design• Software Development• Internet-based Businesses Cradle Fund Sdn Bhd © Copyright 2011
  • Our Investment FocusTechnology Innovation ICT• Mobile/Wireless Tech• Creative Multimedia & Content Development• Shared Services Outsourcing• Hardware Design• Software Development• Internet-based Businesses Cradle Fund Sdn Bhd © Copyright 2011
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • Commercialisation Support Mentors: Industrial Guidance Strategic Partnerships: Industrial Collaborations Ideas Bank: Market Access Competency Building
  • Mentoring Cradle has over 350 mentors Mentors are sourced strictly by Invitation from the Industry, Community Partners or by Entrepreneurs’ suggestions Mentors are individuals that have substantial industry experience (at least 8 years) and considerable domain expertise Mentors are vetted and approved by Cradle
  • Strategic Partnerships
  • Ideas BankWhat is Ideas Bank? Commercialisation arm  Commercialisation specialist  Business and technologist generalist  Not lawyers Business Advisors
  • Ideas BankWhat does Ideas Bank offer Cradle recipients? Products  Depository and Database  Investment match-making tool Services  Business Advisory and Consultancy  Business Matching and Networking (The Pitch, Breakfast with CEO, IB Luncheon, etc)
  • Competency BuildingA unit within Cradle that: Provides relevant training needs, knowledge resources and coaching to recipients to grow their business Equips recipients with the knowledge and experience to develop better quality products in the market
  • Competency BuildingExamples of training and coaching provided: Business Plan Clinics Commercialisation Workshops  Bootstrapping  Financial Management  Sales & Marketing Intellectual Property Workshops Intellectual Asset Management Workshops Investor Pitching Sessions
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • Pre-Seed Eligibility Any team of individuals which meets the below criteria:
  • Pre-Seed Eligibility Any team of individuals which meets the below criteria: Main applicant is a Malaysian aged 18 years and above, and
  • Pre-Seed Eligibility Any team of individuals which meets the below criteria: Main applicant is a Malaysian aged 18 years and above, and Main applicant is permanently residing in Malaysia, and
  • Pre-Seed Eligibility Any team of individuals which meets the below criteria: Main applicant is a Malaysian aged 18 years and above, and Main applicant is permanently residing in Malaysia, and Minimum of 2 applicants and maximum of 5 applicants per application
  • Allowable Expenditures Reasonable allowance for the Project Team Members Raw materials, tools, equipment, research materials Personnel, services & technology to produce prototype/demos Purchase / execution of market feasibility study and research IP search, advisory and basic agreement drafting Product testing and certification Product marketing collaterals expenses Incubator subsidy / lab rentals
  • CIP500 Eligibility At least 51% of the company’s equity is held by Malaysians
  • CIP500 Eligibility At least 51% of the company’s equity is held by Malaysians Company in operations for less than 3 years
  • CIP500 Eligibility At least 51% of the company’s equity is held by Malaysians Company in operations for less than 3 years Company’s total revenue is not more than RM5mil in its total financial history
  • CIP500 Eligibility At least 51% of the company’s equity is held by Malaysians Company in operations for less than 3 years Company’s total revenue is not more than RM5mil in its total financial history Company owns the Intellectual Property (IP) rights of the products and/or services, which is intended for commercialisation
  • CIP500 Eligibility At least 51% of the company’s equity is held by Malaysians Company in operations for less than 3 years Company’s total revenue is not more than RM5mil in its total financial history Company owns the Intellectual Property (IP) rights of the products and/or services, which is intended for commercialisation Company already has a prototype which only requires another 8% to 10% product refinement work to meet market and industry expectations/demands
  • Allowable Expenditures Product refinement, market testing, and customised packaging Marketing expenses (inc. collaterals, travel where necessary, etc) IP search & registration , Market research & feasibility studies Pay package of employees Rental and utilities Purchase of hardware and software Business Plan Refinement Technology licensing/acquisition (if necessary) Production related expenses (if necessary)
  • Introducing CIP What is CIP? Grants Offered under CIP Our Development & Investment Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition
  • Our Value Proposition End-to-end funding programme that provides funding idea conceptualisation to commercialisation Offer nurturing, developmental and business assistant Create the linkages that make up an effective ecosystem for innovation Cradle Fund Sdn Bhd © Copyright 2011
  • Success 457 Total pre-seed grants approved = Total seed grants approved = 52 Commercialisation rate = 55% (of all completed projects) Cradle Fund Sdn Bhd © Copyright 2011
  • WHAT NEXT…Apply for CIP!
  • How do you apply? Online application only http://www.cradle.com.my Email: enquiries@cradle.com.my Customer Relations: +603 2166 4730 Cradle Fund Sdn Bhd © Copyright 2011
  • Cradle Fund Sdn Bhd © Copyright 2011