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. Malta Enterprise may provide support not exceeding four hundred thousand euro (€400,000) which may be increased to up to eight hundred thousand euro (€800,000) if the Start-up is an Innovative Enterprise.
Through this new scheme, Malta Enterprise will provide support linked to private equity, wage costs, crowd funding, procurement of tangible & intangible assets and the participation in a recognised Start-up Accelerator programme.
The support, with the exception of a onetime Accererator Grant, shall be awarded as a repayable advance in accordance with the rules provided in these Incentive Guidelines.
This incentive shall be available until the 31st December 2022.
Kindly note that the application form will be made available through our portal in the coming days.