Authorized Share Capital is the amount of shares that a company is authorised to issue and it forms no part of the actual Paid-up Share Capital of the company. In layman term, Authorized Share Capital is basically the company's quota for share issuance. Whereas, Paid-up Share Capital is the actual shares of the company issued to its shareholders after consideration for the shares, be it cash or non-cash, have been deposited with the company.
In the final and last part of this post, we'll discuss about the most helpful tool offered by Cradle Fund ie Coach & Grow Programme. Other than coaching the business owners, Coach & Grow Programme also provides grants to the business owners under Cradle Investment Programme (CIP) if the company fulfills the conditions under the respective grants.
So if you have a good product idea or already has a company generating revenue and is looking to achieve sustainable growth and going global, this programme is perfect for you as it is crafted to provide entrepreneurs with the tools and ‘show-how’ to develop and implement strategies and plans during commercialisation and growth stages. It also equip companies that have growth potential to scale and go global.
This is the second part to our first blog post. In Part 1, we started with the funding opportunities under Cradle Investment Programme (CIP) whereby grants are given for start-up companies to conduct product commercialization and prototype development. You may find Part 1 of this post here.
In this second part, we'll proceed to the tax incentive provided under Cradle Fund. The tax incentive provided by Cradle Fund is offered via ANGEL TAX INCENTIVE (ATI) programme.
For entrepreneurs who are thinking of venturing/ or have just started a business in ICT, Bio-Technology & Life Sciences, Material Sciences and High Growth Technology industries or generation of ideas for an Innovative Knowledge-Based society and economy, this is good news for you as there is an opportunity for you to qualify for funding by Cradle Fund.