State of the Union: Five key takeaways from Ursula Von der Leyen
17 September 2020
Key points from von der Leyen's state of the union speech [caption id="attachment_14822" align="alignnone" width="640"]...
GRTU is organising an information session during which Malta Enterprise will give a short presentation on the schemes available for businesses.
Tuesday 28th February – 14.00hrs – GRTU
Contact: Abigail at GRTU on 21232881/3 or
The schemes we will be discussing are:
International Competitiveness: Supports enterprises that are willing to establish a new market, or introduce a new service or product in an existing international market. It aims to facilitate the building of internal capacities within the enterprise so as to encourage more enterprises to internationalise.
Small Start-up: Supports the growth of new enterprises having less than 50 employees. The scheme will reimburse 25% of the wage costs, utilities and rent/leasing of equipment and production facilities for start-ups that have been operating for less than 3 years
Innovation Actions: Help SMEs meet today's business challenges by stimulating the development and adoption of innovative processes, products and services. The scheme will co-finance investment costs and sub-contracted services acquired for implementing an Innovation Management Technique (IMT).
Innovation Actions (Environment): Supports SMEs to invest in eco-innovation solutions that support long term competitiveness and contribute to environmentally sustainable business activities by addressing water and air quality, waste streams and resource utilisation. The scheme will co-finance plant, machinery and equipment and certification costs.
e-Business Development: Supports SMEs who will invest in Information and Communications Technology (ICT) projects that integrate business functions, streamline workflows and enhance interactions with clients and suppliers. The scheme will co-finance ICT hardware costs and ICT software costs.
Research & Development: Help enterprises to carry out Research and Experimental Development activities leading to the development of new or significantly improved products, processes and services. The scheme will co-finance the costs of wages, equipment, materials and contractual research specifically incurred as part of the research project.
Quality+: Encourages SMEs to continuously improve the quality of their products, services and processes through the achievement of recognised quality certifications and quality marks related to processes, products or services; etc…
MicroInvest: Supports micro enterprises (less than 9 full time employees) and the self-employed that invest in their business, innovate, expand, implement compliance directives and/or develop their operations. Through a tax credit representing a percentage of the eligible expenditure and wages of newly recruited employees and/or apprentices.
Business Advisory Services: Enterprises may benefit from the expertise of the advisors that will support them in their particular needs for development. Malta Enterprise would finance up to ten hours of free advisory services to help the enterprises and the assigned advisor to carry out preliminary assessments in the areas of: Marketing & Business Management, Research, Technological Development & Innovation, Business Advisory & Enterprise Support.
Create: This incentive aims to support creative businesses whose economic performance is directly linked to the creative talent of those involved in the business. Further support is provided to help the development of creative communities in artistic zones thus sustaining the development of said zones and interdisciplinary creative cluster developments.
Business First: Malta Enterprise's one-stop-shop service for businesses with the aim of facilitating the day to day operations of local enterprises by providing over 50 different services currently being provided by various Government departments and entities, thus saving unnecessary running around for business owners.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).