Malta Chamber of SMEs co-founder of The Foundation for Transport
27 November 2020
The Malta Chamber of SMEs will have an active role in this foundation The Foundation...
GRTU Council Members Marcel Mizzi, Patrick Cutajar and EU Desk Coordinator Abigail Mamo have met officials from the Malta Council for Science and Technology (MCST) with the aim of initiating a collaboration to help micro and small enterprises access FP7 and national research funds so as to increase Malta’s R&I capacity.
It was explained that there are the local and the EU funds. There are €1.1m in national funds from the local Government and the MCST receives around 40 applications, 8 of which are selected. €5b is the amount available in EU funds out of which Malta won €9m. MCST provides assistance to the Maltese enterprises to apply, last year there were more than 80 applications. 10% is the success rate of the applications submitted. This might seem low but it is good compared to the EU average.
GRTU was informed that a number of training seminars have already been initiated and it was proposed that a general one would be held at the GRTU for the GRTU members in order to inform them of the very good opportunities available sometime at the end of September.
MCST told the GRTU that the fund aims to address the gap between industry and academia. They emphasise on technology transfer so industry would partner with the university to conduct the project. The school would research and industry would develop.
The end product must be a product that is placed on the market at the end of the day to be sold.
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