A viable idea can be developed and marketed using funds from CRADLE, and their team of officers and mentors are there to provide help each step of the way. I found them to be thorough and highly committed to turning ideas into successful businesses ; testimonials by others are impressive!
For developing prototypes from idea to demo stage (CIP 150), teams of 2-5 persons can get up to MYR150,000/- then for commercializing your prototype (CIP500), up to MYR500,000/- is available for advertising, packaging, exhibitions, visual branding and promotional trips; this is granted to private limited companies. Teams can include experts who are not Malaysian.
The CIP 150 takes about 8-10 weeks to process and up to 12 months are allowable to build a demo and gain traction from design to conceptualization stages. The MYR150,000/- is reimbursed in 3 tranches.
The CIP500 is for companies which are 51% owned by Malaysians to take their prototype from market entry to the stages of growth (product enhancement / new markets), to expansion (scaling to commercial success), to maturity (pre-listing and going global). Cradle also provides mentoring, market access and strategic partnerships to help companies to succeed. For more information on the grants click http://www.cradle.com.my/products/