In this episode of P&L, we delve into the world of startup funding through grants with a spotlight on Cradle Fund, a player in the Malaysian startup ecosystem since 2003. Join us as we discuss with Norman Matthieu Vanhaecke, Group CEO of Cradle Fund, the ins and outs of Cradle’s grant funding and its impact on nurturing business innovation without diluting ownership.

In this episode, you’ll learn about:

- An introduction to Cradle Fund and its role in the Malaysian startup ecosystem.

- The CIP Spark and CIP Sprint grant programs and how they differ.

- Insights into the application process, eligibility criteria, and the crucial dos and don’ts that can make or break a grant application.

- An exploration of the financial mechanisms behind Cradle’s grants, including disbursement processes, conditions tied to funding, and what a convertible grant entails.