Business Start (B.Start)

Malta Enterprise, via Business START is offering a seed funding for start-ups. The measure is intended to support Small Start-up Undertakings that have a viable business concept and are in the early stage of its development. The final date for submitting applications shall be 30th October 2020.

 

 

 

 

Eligibility

In order to be eligible for assistance under this incentive, beneficiaries must fulfill the following criteria:

  • The beneficiary must be an economic undertaking established within the European Economic Community and operating in Malta.
  • The application must be received by Malta Enterprise not later than the 24 months from the Establishment Date.
  • The activities of the start-up undertaking must be linked to the knowledge of the Key Promoter/s. It is expected that key persons engaged in the start-up have the academic background required and/or hands on experience in the relevant sector.
  • The activities of the start-up undertaking must be linked to the knowledge of the Key Promoter/s. It is expected that key persons engaged in the start-up have the academic background required and/or hands on experience in the relevant sector.
  • Proposed products and/or services should have potential to be marketed and distributed internationally.
  • Producing products and/or service should be new or substantially improved compared to the state of the art in the local industry.
  • The economic activity must be classified under;

 

  1. Mining and quarrying
  2. Manufacturing
  3. Electricity, gas, steam and air conditioning supply
  4. Water supply, sewerage, waste management and remediation activities
  5. Financial and insurance activities
  6. Real estate activities
  7. Professional, scientific and technical activities
  8. Administrative and support services
  9. Education
  10. Human health social work activities
  11. Arts entertainment and recreation
  12. Wholesale and retail trade
  13. Transportation and storage
  14. Accommodation and food service activities
  15. Information and communication

 

Aid Intensity

The maximum value of aid that may be provided to an undertaking is capped at €25,000.

An initial instalment of up to €10,000 shall be paid once the project is approved. Subsequent instalments shall be paid quarterly after the Corporation reviews and endorses that the progress achieved is in line with the business plan as approved or as adjusted to adapt to market requirements. The total disbursement in any quarter shall not exceed €10,000.

The total budget for this scheme is € 1,000,000 per year and € 3,000,000 until 2020

 

Visit our Grant Investment Schemes Brochure


Get in touch: info@pkfmalta.com | +356 21 493 041