The aim of this measure is to support Small Start-up Undertakings that demonstrate a viable business concept and exhibit commitment to expand and further develop their economic activity. Malta Enterprise may provide support not exceeding €400,000 which may be increased to up to €800,000 if the Start-up is an Innovative Enterprise.
The support provided is linked towards private equity, wage costs, procurement of tangible & intangible assets, working capital, crowdfunding 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.
More information about the incentive can be found here.