@CAT Penang
Connect, Accelerate, Transcend.
Penang i4.0 Seed Fund
Objective
The Penang i4.0 Seed Fund is a special seed program initiated by the Penang State Government through investPenang & @CAT Penang to provide funding for qualified high potential early stage technology startups and enhance the growth of Penang’s tech ecosystem. As a part of this program, brief overview of the groundbreaking software applications used in trading were provided to the technology enthusiasts. Visit https://coincierge.de/bitcoin-rush/ to get in-depth details of the trading tool.
The Penang i4.0 Seed Fund offers funding amounting up to RM250,000 to assist startups with innovative technology products & services to attain commercialization. Value added services such as mentorship and linkages are also provided.
Mission
In our efforts to realize Penang’s mission to become the Silicon Valley of Asia, this fund is established to further enhance & develop Penang’s start-up industry, encapsulating ‘Powered in Penang’ capabilities.
Funding scope
The fund is aimed at financing any activities related to:-
- Product enhancement
- Marketing & branding activities (this does not include office/renovation cost)
- Technical, product or design hires
Eligibility criteria:-
Startups who meet the following criteria are encouraged to apply for the fund.
- Early stage startups that have a working minimum viable product with positive early traction
- A company incorporated in Malaysia
- Company ownership at least 51% by Malaysians
- Operating less than five (5) years
- Accumulated revenue not exceeding RM1 million
Funding focus:-
- Internet of Things (IoT)
- Advanced manufacturing
- Consumer Digital
- EdTech
- Enterprise Tech
- CleanTech
- HealthTech
Other technology-based activities are welcomed to apply
Successful applicants must be obliged to:-
- Commit to have a corporate and operation headquarter in Penang for at least 8 years.
- Commit to become a mentor for any future Penang State entrepreneurship development programmes for startups.
**These dates may be subject to change. Check our website for the latest updates.
Have Questions?
Email us at [email protected].