UTP: Workshop on Securing Research Funding and Grants

Research Enterprise Office (REO) had organized and conducted a one-day workshop on 25th November 2009 for staff and students on the opportunity to secure funding and grants from Cradle Fund Sdn Bhd, a company wholly funded by Ministry of Finance. One of the grants introduced by Cradle Fund is the University Cradle Investment Programme Catalyst (U-CIP Catalyst). This grant is specifically targeted to researchers and/ or inventors and students of research institutes, private and public universities, colleges and institutes of higher education in Malaysia. The objective of U-CIP Catalyst is to assist researchers/or inventors to commercialize their invention into marketable products, technologies or services by providing pre-seed funding of between RM50,000 to RM150,000 over a period of 4-12 months. The fund covers the development of prototypes, proof of concepts, business plans, IP search and registration, surveys and other expenses related to the product development.

Speakers from Cradle Fund Sdn Bhd, Mr Kenny Mah and Ms Syazwani Ismail urged the staff and students to apply for this grants online via www.cradle.com.my as the grant will assist them into transforming their invention into commercially viable products. They added that the grants focus on both ICT and non-ICT ideas and other interesting ideas with strong innovative technology-related component in any industry that has a strong commercial value and will be beneficial to Malaysians, the economy and the world, will also be considered. Besides offering grants, the company also provides advisory support to inventors, industry mentoring programme, and other services related to personal development and competencies.

Tn Hj Azminuddin, Senior Manager REO in his opening remarks reiterated the importance of U-CIP Catalyst to assist the university in achieving its targets of becoming a Research University by 2013 by producing more inventions and products into the market. .The U-CIP Catalyst grant can be an alternative to other funds as it is easily available and the fund itself covers product which is close to being market-ready. He also encouraged graduating students to apply for the grant and develop their invention into marketable product which can also leading them to become an entrepreneur by establishing their own company. This aspiration suits well with the university’s mission of producing a well-rounded graduate, and the future leaders of the industry.