The aim of this measure is to support Small Start-up Undertakings that demonstrate a viable business concept and that exhibit commitment to expand and further develop their economic activity.
Support Measures and Other Services
In order to help our clients further improve their competitive edge, Malta Enterprise has developed various incentives for the promotion and expansion of industry and the development of innovative enterprises.
Malta Enterprise provides incentives for enterprises demonstrating commitment towards growth, an increase in value added and employment. Enterprises engaged in manufacturing, ICT development activities, call centers, healthcare, pharmaceuticals, biotechnology, aviation and maritime services, education and training, logistics and more may benefit from these incentives.
Business START offers seed and growth funding for small start-ups. Start-ups undertakings that are still in their early development phase may receive an initial grant of up to ten thousand euro (€10,000) to help them develop their business proposal. Start-ups that present a viable business plan may receive additional support linked to full time employment which may reach up to twenty thousand euro (€20,000) per quarter.
The Family Businesses Grant shall support family businesses to address transitionary issues by facilitating access to advisory and mediation services. The maximum grant that can be awarded under these guidelines is capped at €15,000 per family business in any rolling three (3) year period. Any costs incurred before the submission of application will not be considered eligible.
This scheme supports undertakings that require industrial space as a temporary, or permanent, solution to support their business activity. The scheme is applicable to businesses engaged in Manufacturing, Maintenance and Repairs of Motor Vehicles, Repair of Machinery & Equipment and other industrial activities. Aid is awarded in the form of a cash grant.
Through this scheme, Malta Enterprise shall support business undertakings to provide training to develop and update the skills and knowledge of their workforce.