Cradle Fund Sdn Bhd, a wholly owned company by the Ministry of Finance, Malaysia (MOF) that manages the Cradle Investment Programme. The Cradle Investment Programme (CIP) is Malaysia’s first development and technology commercialisation funding programme that enables Malaysia’s budding innovators and aspiring entrepreneurs to transform their raw technology-based ideas in the ICT, non-ICT and high growth technology industries into commercially viable ventures, or local start-up companies to attain commercialisation. Cradle offers two types of conditional grants – pre-seed (CIP Catalyst & U-CIP Catalyst) and seed/commercialisation (CIP 500). The pre-seed grant offers funding up to RM150,000 to teams of individuals to develop their innovative technology ideas into prototypes or proof-of-concepts; whilst the seed/commercialisation grant offers funding of up to RM500,000 to help Malaysian start-up companies with innovative technology products/services to attain commercialisation