MALAYSIA Venture Capital Management Bhd (Mavcap) has introduced Cradle Investment Programme (CIP), which offers conditional grants of up to RM50,000 to fund the development of ideas from eligible technopreneurs.
Its chairman Datuk Dr Abdul Samad Alias said Mavcap would manage the CIP with the Finance Ministry allocating RM100mil, which was part of the economic package announced by the government in May this year.
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