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 Accelerator 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.