Upcoming deadline: 31/12/2024
Start-ups face greater challenges particularly in accessing finance for productive investment to economically exploit their ideas and sustain their survival during their early years.
This incentive seeks to support Start-ups through non-repayable Grants to part-finance investments in tangible and intangible assets contributing to potentially improve the productivity of the enterprise.
cut-off dates: | Friday 17th May 2024 at noon Friday 31st May 2024 at noon Friday 14th June 2024 at noon Friday 28th June 2024 at noon Wednesday 31st July 2024 at noon Friday 30th August 2024 at noon Monday 30th September 2024 at noon Thursday 31st October 2024 at noon Friday 29th November 2024 at noon Tuesday 31st December 2024 at noon |
Grant value (max): | €400,000 (max: 60% co-financing) |
Target Group: | ​Micro, Small & Medium Enterprises |
Scheme Summary
This SME grant scheme part-finances investments, carried out by start-ups, aimed at potentially improving the productivity of the enterprise.
A start-up is an unlisted micro or small enterprise, registered for up to five years and that fulfils the following criteria:
a) it has not taken over the activity of another undertaking;
b) it has not yet distributed profits;
c) it has not been formed through a merger.
The scheme co-finances 50% of eligible costs (investments in Malta) and 60% of eligible costs (investments in Gozo) up to a maximum grant of €400,000. Minimum funding is of €10,000 and therefore a project must have a minimum investment of €20,000 excl. vat. Investments in Gozo will benefit from an additional 10% aid intensity.
Projects must be concluded within 24 months from signing of the grant agreement, which is signed following project approval. Investments are to be concluded by 30 June 2029.
Eligible Costs