• The CIP SPRINT Grant provides funding of up to RM600,000.
• The maximum grant duration is eighteen months.
• It is designed for SMEs and entrepreneurs involved in technology-based business ventures.
• The grant supports the commercialization of technology products, services, or solutions.

It is provided in the form of a conditional grant.

CIP SPRINT helps businesses with market validation, business model development, market access, and commercialization support.

Recipients also receive business networking opportunities and value-added support services.

SMI Funding assists businesses in preparing the grant application, proposal, documentation, submission, approval process, and disbursement follow-up.

Introduction

CIP SPRINT is a grant programme that supports entrepreneurs and SMEs in technology-based business ventures. It provides financial assistance up to RM600,000 for a maximum period of 18 months. The main goal of this grant is to help businesses to commercialize their technology products, services or solutions and successfully bring them to market.

Purpose of the Grant

If you have a business with a new and innovative technology or product, you can apply for a CIP SPRINT Grant to help get your innovation to market. The commercialization of a technological solution is a challenging process for many SMEs. CIP SPRINT helps to address this challenge by providing finance to support commercialization efforts.

Support for Technology Commercialization

CIP SPRINT is mainly focused on the commercialization stage of a technology business. This means it is suitable for small and medium-sized enterprises that already have a developed product, service or solution and are ready to introduce it to customers or grow it in the market place. The grant helps businesses to increase their market readiness and improve their chances of commercial success.