CRADLE FUNDING COMMERCIALISATION IN MALAYSIA. Copyright 2010 Cradle Fund Sdn Bhd

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1 CRADLE FUNDING COMMERCIALISATION IN MALAYSIA

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3 Cradle Funds Technology Innovation with Commercial Value.

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10 What s the Problem?

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17 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

18 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

19 What is CIP? Malaysia s 1st development and early stage funding programme

20 What is CIP? Malaysia s 1st development and early stage funding programme Offers innovators and entrepreneurs the FUNDS

21 What is CIP? Malaysia s 1st development and early stage funding programme Offers innovators and entrepreneurs the FUNDS and the COMMERCIALISATION SUPPORT to help them transform their raw technologybased ideas into commercially viable ventures

22 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

23 Grants offered under CIP Pre-Seed

24 Grants offered under CIP Pre-Seed

25 Grants offered under CIP Pre-Seed

26 Grants offered under CIP Seed/Commercialisation

27 Grants offered under CIP Seed/Commercialisation

28 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

29 Our Development Focus Pre-Seed

30 Our Development Focus Pre-Seed Idea Proof of Concept / Prototype Development

31 Our Development Focus Pre-Seed Idea Proof of Concept / Prototype Development

32 Our Development Focus Seed/Commercialisation

33 Our Development Focus Seed/Commercialisation Proof of Concept / Prototype Development Commercialisation of Product / Service

34 Our Development Focus Seed/Commercialisation Proof of Concept / Prototype Development Commercialisation of Product / Service

35 Our Development Focus End-to-end Funding Idea Prototype Development Commercialisation

36 Our Development Focus End-to-end Funding Idea Prototype Development Commercialisation

37 Our Development Focus End-to-end Funding Idea Prototype Development Commercialisation

38 Our Development Focus End-to-end Funding Idea Prototype Development Commercialisation

39 Our Investment Focus Technology Innovation ICT Mobile/Wireless Tech Creative Multimedia & Content Development Shared Services Outsourcing Hardware Design Software Development Internet-based Businesses Non-ICT Biotechnology Advanced Materials Advanced ManufacturingTech Renewable Energy/ Waste Management High-Technology Consumer & Business Products Others Semi conductors Life sciences Clean technology

40 Our Investment Focus Technology Innovation ICT Mobile/Wireless Tech Creative Multimedia & Content Development Shared Services Outsourcing Hardware Design Software Development Internet-based Businesses Non-ICT Biotechnology Advanced Materials Advanced ManufacturingTech Renewable Energy/ Waste Management High-Technology Consumer & Business Products Others Semi conductors Life sciences Clean technology

41 Our Investment Focus Technology Innovation ICT Mobile/Wireless Tech Creative Multimedia & Content Development Shared Services Outsourcing Hardware Design Software Development Internet-based Businesses Non-ICT Biotechnology Advanced Materials Advanced ManufacturingTech Renewable Energy/ Waste Management High-Technology Consumer & Business Products Others Semi conductors Life sciences Clean technology

42 Introducing CIP What is CIP? Grants Offered under CIP Our Development & Technology Focus Commercialisation Support Who Are Eligible to Apply for CIP? Our Value Proposition

43 Commercialisation Support 1. Mentors: Industrial Guidance 2. Strategic Partnerships: Industrial Collaborations 3. Competency Building 4. Ideas Bank: Market Access

44 1. Mentoring CIP has over 350 mentors

45 1. Mentoring CIP has over 350 mentors Mentors are sourced strictly by invitation from the Industry, Community Partners or by Entrepreneurs suggestion.

46 1. Mentoring CIP has over 350 mentors Mentors are sourced strictly by invitation from the Industry, Community Partners or by Entrepreneurs suggestion. Mentors are individuals that have substantial industry experience and considerable domain expertise.

47 1. Mentoring CIP has over 350 mentors Mentors are sourced strictly by invitation from the Industry, Community Partners or by Entrepreneurs suggestion. Mentors are individuals that have substantial industry experience and considerable domain expertise. Mentors are vetted and approved by CIP.

48 Commercialisation Support 1. Mentors: Industrial Guidance 2. Strategic Partnerships: Industrial Collaborations 3. Competency Building 4. Ideas Bank: Market Access

49 2. Strategic Partnerships Industry Partners Associations (NGOs) & Government Agencies that have direct impact on industrial development in the areas of technology & innovation. Associations (NGOs) MACRI, NEF, TeAM, MIRC, MINDS & PIKOM; Govt. Agencies MDeC, MBC, MIMOS & SMIDEC. Funding Partners Commercialisation Partners Financial investors or commercial investors, such as large corporations - access ideas via the Ideas Bank, where they will contact entrepreneurs that interests them Current participants include: MAVCAP, BI Walden, ispring Capital, DTA Ventures, Bank Islam Venture Capital. Providing a commercial perspective to the entrepreneurs by providing mentors and beta test sites, and eventually first orders. Entrepreneurs can indicate corporations they want to work with; list includes Litrak, Maxis, Sunway, Westport, TH Group, Advance Synergy Capital, etc.

50 2. Strategic Partnerships Industry Partners Associations (NGOs) & Government Agencies that have direct impact on industrial development in the areas of technology & innovation. Associations (NGOs) MACRI, NEF, TeAM, MIRC, MINDS & PIKOM; Govt. Agencies MDeC, MBC, MIMOS & SMIDEC. Funding Partners Commercialisation Partners Financial investors or commercial investors, such as large corporations - access ideas via the Ideas Bank, where they will contact entrepreneurs that interests them Current participants include: MAVCAP, BI Walden, ispring Capital, DTA Ventures, Bank Islam Venture Capital. Providing a commercial perspective to the entrepreneurs by providing mentors and beta test sites, and eventually first orders. Entrepreneurs can indicate corporations they want to work with; list includes Litrak, Maxis, Sunway, Westport, TH Group, Advance Synergy Capital, etc.

51 2. Strategic Partnerships Industry Partners Associations (NGOs) & Government Agencies that have direct impact on industrial development in the areas of technology & innovation. Associations (NGOs) MACRI, NEF, TeAM, MIRC, MINDS & PIKOM; Govt. Agencies MDeC, MBC, MIMOS & SMIDEC. Funding Partners Commercialisation Partners Financial investors or commercial investors, such as large corporations - access ideas via the Ideas Bank, where they will contact entrepreneurs that interests them Current participants include: MAVCAP, BI Walden, ispring Capital, DTA Ventures, Bank Islam Venture Capital. Providing a commercial perspective to the entrepreneurs by providing mentors and beta test sites, and eventually first orders. Entrepreneurs can indicate corporations they want to work with; list includes Litrak, Maxis, Sunway, Westport, TH Group, Advance Synergy Capital, etc.

52 Commercialisation Support 1. Mentors: Industrial Guidance 2. Strategic Partnerships: Industrial Collaborations 3. Competency Building 4. Ideas Bank: Market Access

53 3. Competency Building Cradle Application Clinics

54 3. Competency Building Cradle Application Clinics Business Plan Clinics

55 3. Competency Building Cradle Application Clinics Business Plan Clinics Intellectual Property (IP) & Intellectual Asset Management (IAM) Workshops

56 3. Competency Building Cradle Application Clinics Business Plan Clinics Intellectual Property (IP) & Intellectual Asset Management (IAM) Workshops Investor Pitching Sessions

57 3. Competency Building (con t) Commercialisation Workshops

58 3. Competency Building (con t) Commercialisation Workshops Bootstrapping

59 3. Competency Building (con t) Commercialisation Workshops Bootstrapping Financial Management

60 3. Competency Building (con t) Commercialisation Workshops Bootstrapping Financial Management Sales & Marketing Etc.

61 Commercialisation Support 1. Mentors: Industrial Guidance 2. Strategic Partnerships: Industrial Collaborations 3. Competency Building 4. Ideas Bank: Market Access

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63 4. IDEAS BANK What is Ideas Bank? What does Ideas Bank offer? Case Study

64 What is Ideas Bank? COMMERCIALIZATION ARM Commercialization Specialist Business and Technology Generalist Not Lawyers BUSINESS ADVISORS

65 What is Ideas Bank? COMMERCIALIZATION ARM Commercialization Specialist Business and Technology Generalist Not Lawyers BUSINESS ADVISORS

66 What is Ideas Bank? COMMERCIALIZATION ARM Commercialization Specialist Business and Technology Generalist Not Lawyers BUSINESS ADVISORS

67 What is Ideas Bank? COMMERCIALIZATION ARM Commercialization Specialist Business and Technology Generalist Not Lawyers BUSINESS ADVISORS

68 What is Ideas Bank? COMMERCIALIZATION ARM Commercialization Specialist Business and Technology Generalist Not Lawyers BUSINESS ADVISORS

69 4. IDEAS BANK What is Ideas Bank? What does Ideas Bank offer? Case Study

70 What does Ideas Bank offer? PRODUCT Depository and Database Investment Match making tool SERVICES Business Advisory and Consultancy Business Matching and Networking (The PITCH, Breakfast with CEO, IB Luncheon)

71 What does Ideas Bank offer? PRODUCT Depository and Database Investment Match making tool SERVICES Business Advisory and Consultancy Business Matching and Networking (The PITCH, Breakfast with CEO, IB Luncheon)

72 What does Ideas Bank offer? PRODUCT Depository and Database Investment Match making tool SERVICES Business Advisory and Consultancy Business Matching and Networking (The PITCH, Breakfast with CEO, IB Luncheon)

73 What does Ideas Bank offer? PRODUCT Depository and Database Investment Match making tool SERVICES Business Advisory and Consultancy Business Matching and Networking (The PITCH, Breakfast with CEO, IB Luncheon)

74 What does Ideas Bank offer? PRODUCT Depository and Database Investment Match making tool SERVICES Business Advisory and Consultancy Business Matching and Networking (The PITCH, Breakfast with CEO, IB Luncheon)

75 What does Ideas Bank offer? PRODUCT Depository and Database Investment Match making tool SERVICES Business Advisory and Consultancy Business Matching and Networking (The PITCH, Breakfast with CEO, IB Luncheon)

76 4. IDEAS BANK What is Ideas Bank? What does Ideas Bank offer? Case Study

77 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

78 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

79 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

80 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

81 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

82 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

83 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

84 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

85 Case Study UTAR MicroAlgae IB s SUPPORT Business Planning Hands on support Networking RESULTS Spin-off Company in 6 months Negotiated favorable terms for researchers Enlisted the support from the University Interest from Biotechcorp

86 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

87 Pre-Seed Eligibility Any team of individuals which meets the below criteria:

88 Pre-Seed Eligibility Any team of individuals which meets the below criteria: Main applicant is a Malaysian aged 18 years and above, and

89 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

90 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

91 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

92 Allowable Expenditure 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

93 CIP500 Eligibility At least 51% of the company s equity is held by Malaysians

94 CIP500 Eligibility At least 51% of the company s equity is held by Malaysians Company in operations for less than 3 years

95 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

96 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

97 Allowable Expenditure 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)

98 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

99 Our Value Proposition End-to-end developmental and early stage funding programme

100 Our Value Proposition End-to-end developmental and early stage funding programme Plug-up the pre-seed & seed funding gap

101 Our Value Proposition End-to-end developmental and early stage funding programme Plug-up the pre-seed & seed funding gap Ability to create the critical mass of technology ideas to be funded

102 Our Value Proposition End-to-end developmental and early stage funding programme Plug-up the pre-seed & seed funding gap Ability to create the critical mass of technology ideas to be funded Create the linkages that make up an effective ecosystem for innovation

103 Technopreneurs

104 Technopreneurs Institutions of Higher Education (IOHEs)/RIs

105 Businesses & Companies Technopreneurs Institutions of Higher Education (IOHEs)/RIs

106 Businesses & Companies Technopreneurs Government Institutions of Higher Education (IOHEs)/RIs Partners

107 Businesses & Companies Technopreneurs Government CRADLE Institutions of Higher Education (IOHEs)/RIs Partners

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109 FUNDED 397 IDEAS

110 50%

111 What s next?

112 What s next? Apply for CIP!

113 How do you apply? Online application only Customer Relations:

114 How do you apply? Online application only Customer Relations:

115 How do you apply? Online application only Customer Relations:

116 How do you apply? Online application only Customer Relations:

117 THANK YOU ELLYNITA HAZLINA LAMIN

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