List of Startup Grants and Funding in Malaysia (2019)

by | Mar 9, 2017 | Startup Grants, Funding, Startups | 9 comments

The Startup Grants

Startups could always use government Startup grants or in fact any kind of grants! Who doesn’t want free funding/money? Here is a list of grants in Malaysia, specifically for startups. If you would like to add more information, just comment below!

I hope you find a suitable Startup grant to help you achieve your goals. Do note that most Startup grants have conditions attached, they are there to help Startups spend this free money wisely. It is also to prevent startups from abusing grants. These grants are provided by the government to help local businessmen flourish so that the country’s economy as a whole grows faster. If you are interested

If you already have the grants and want to look for startup investment, you may visit our homepage for more information on our Malaysian Angel Investment network.

Cradle Fund CIP 500

CIP 500 is a seed fund which primarily funds commercialisation, whilst CIP Catalyst is a pre-seed fund that funds the development of prototypes or proof of concept

Unfortunately, they have closed their startup grants program.

Update 13/6/2017: Cradle has a new grant!

Cradle CIP 300

startup grants malaysia cradle

The new Cradle grant has an enhanced Coaching & Mentoring programme, with a matching process to potential investors. They also offer networking events for Startups, as well as Media & PR support. Application link: here.

For more information:

For further enquiries, email us at [email protected] OR call us at 03 – 4045 8600

PlatCom

startup grants malaysia platcom

PlatCom’s website is vague, but, they do provide a matching grant last I checked. It is up to RM1m, and it is on a matching grant basis. To get the grant, you first need outside investors to fund 40% of your fundraising, and PlatCom will chip in the remaining 60%. Note that this fund is not for everyone, as it is limited to certain industries (it includes ICT if you’re a tech startup).

RM1,000,000 Matching Grant

Looking for someone to match this grant with? Let us know! We are an angel investor group looking for great Startups to fund.

Teraju Superb

startup grants malaysia teraju superb

Skim Usahawan Permulaan Bumiputera or SUPERB is an RM100 million grant fund to finance Bumiputera start-ups. Each team of entrepreneurs has to go through a business challenge by pitching their ideas for funding approval. There are 4 application windows throughout the year.

RM500k for Bumiputera Startups

Useful Startup Investment Resources

https://www.nexea.co/startup-fund-malaysia-southeast-asia/

“Money kills startups faster”

https://www.nexea.co/equity-crowd-funding-ecf-malaysia-alternative-investment/

List of Venture Capital (VC) in Malaysia 2018/2019

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<a href="https://www.nexea.co/author/nexea/" target="_self">Ben Lim</a>

Ben Lim

I am the Founder/Partner at NEXEA, a startup investment group in Southeast Asia. We have invested in idea stage to early stage investments around the region.We fund the best Founders and provide them with a certain edge via mentoring by the best investors (look them up!).

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9 Comments

  1. Jacky Tee Zhe Khong

    Hi, there. I’m Jacky. I’m running a social Impact Startup at Iskandar Malaysia. Would like to know more on how to apply grant in Malaysia?

    Reply
    • Ben Lim

      Hi Jacky, usually you would have to go through the individual government organisations that provide those grants you are looking for. Give them a call before you visit them to ask for requirements. They usually have forms you need to fill.

      Reply
  2. Ben Lim

    Great news guys,
    Cradle has announced a new grant called CIP300. I have edited the article above to reflect the new grant/funding from the Malaysian government arm. Note that this is funding for startups in Malaysia only.

    Reply
  3. KH

    Hi, I was just wondering if you know in 2018, how much of the capital fundings to early stages investments are from government related fundings? What’s the ratio between government fundings as compared to private VC firms fundings?

    Reply
    • Ben Lim

      Hi KH,

      Naturally, there would be a lot more VC funding vs Government grants. However, what both figures are, we don’t know.

      As you mentioned government funding, this could include lots of things including grants, investments, and not only for Startups but also for SMEs, corporates, etc.

      Reply
  4. Henry Ng

    I am planning to start up a shrimp culture farm, any grant can recommend to me?

    Reply
    • Ben Lim

      Hi Henry,

      We do not know of other grants apart from those in this list as we deal with tech Startups only. Best of luck!

      Reply
  5. Rasul

    Hi.
    Can foreign startups apply to this grants if they want to expand their business into Malaysia by opening branch?

    Reply
    • Ben Lim

      I am afraid it doesn’t quite work like that usually. Not for those that are expanding in usually.

      Reply

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