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.