VentureRocket Malta acts in cooperation with the Maltese government – Malta Enterprise.
Malta provides numerous support programs to startups willing to build and grow their business undertakings. VentureRocket Malta assists startups in applying for support plans, receiving the grants offered by the plans, and managing them after the application stage.
The goal of this plan is to support small startups that show a viable business model and aim to grow and develop their further economic activity. The plan provides startups with the funding ranging from €400 000 up to €800 000 if they are innovative enterprises. As a part of the Startup Accelerator Programme, it may provide €2 400 of support per registered team member for a maximum of 24 weeks and 5 full-time employees.
You can apply to this plan no more than 3 times. The programme is available until 31st December 2022.
This support program offers seed and growth funding to small business undertakings. Those projects that are early-staged may be provided with an initial grant of up to €10,000. Those startups that present a solid business plan may be offered full time employment which may reach up to €20,000 per quarter. The support plan is available from 1st January 2021 till the 31st December 2023.
Under this plan, Malta Enterprise supports businesses carrying out feasibility studies to determine the technical and commercial challenges and enable them to make more knowledgeable decisions in the development of the intended research. The support plan offers funding of up to €50,000 which shall cover a percentage of the eligible costs depending on the size of the startup.
The support plan is available until 31st December, 2023.
This support plan covers projects that bring value to the regional development of Malta., including new business initiatives, expansions and transformation activities. The scheme may support undertakings which are in their initial development stage, establishing an operational base in Malta, expansion projects, consolidation of activities and the reengineering of business processes.
The plan presupposes a tax credit or a cash grant and is available until 31st December, 2023.
This plan offers support to small and medium startups planning to carry out experimental development activities. The program provides startups with tax credits, part of the costs incurred for the loan of highly qualified personnel from large companies and Research and Knowledge-dissemination organisation. The aid represented by tax credits is limited to 50% of the eligible costs.
The plan will be active until 31st December 2020.
This plan aims to help startups that require industrial temporal or permanent space to support their businesses. It covers startups performing business activities in manufacturing, maintenance and repairs of motor vehicles, repair of machinery & equipment, etc. The funding of €25000 may be provided to a single startup over a twelve-month period. It may be also approved for a period of three years, thus the maximum funding per startup may not be higher than €75000.
The applicant is expected to be a startup that in two fiscal years after submitting an application employs one hundred or fewer full-time team members.
The program is active between 1st February 2020 till 31st December 2021.
This plan aims to support value-adding projects that are expected to contribute to the development of new businesses in Malta. It covers business activities in different development stages such as the initial development phase of startups establishing an operational base in Malta, expansion projects, consolidation of activities, and the reorganisation of activities.
The plan may award tax credits or cash grants of up to € 200000 to such startups, taking into account that it may not exceed €200000 over a period of three rolling fiscal years.
The plan is active till 31st December 2020.