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Malta

3. Employment & Entrepreneurship

3.9 Start-up funding for young entrepreneurs

Last update: 28 February 2025
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  1. Access to information
  2. Access to capital

Access to information

The Erasmus for Young Entrepreneurs is a programme that enables aspiring entrepreneurs, whether they wish to create a new venture or expand an existing one to international markets to gain valuable skills and experience.  Erasmus for Young Entrepreneurs provides practical and financial assistance to new entrepreneurs, who get to spend time with experienced host entrepreneurs in another EU country and learn first-hand how to manage a small or medium-sized business (SMEs).  The programme's specific objectives are to promote on-the-job training, exchanges of experience and information between partners, and to enhance market access, identification of potential partners, and networking. In this manner, new businesses may be created whereas existing ones may become more robust, competitive, and sustainable. 

MCAST Entrepreneurship Centre was set up in collaboration with Kordin Business Incubation Centre (KBIC) and Malta Enterprise. The Centre offers a framework for ideas to thrive and encompasses a series of activities that address the needs of MCAST students and alumni. Through this close collaboration, MCAST students and alumni who demonstrate an entrepreneurial flair are provided with space within KBIC where they can nurture, grow and launch their business ideas.  The possibility of developing further ideas is also made available to alumni of the College. 

MITA Innovation Hub forms part of the Malta Information Technology Agency, which is responsible for the implementation of the Government’s ICT policy, programmes, and initiatives in Malta. The Hub supports students, start-ups, and innovators and creates the environment to transform their ideas into products or services through digital technologies. It supports start-ups by presenting them with a problem that requires solutions and financing the start-up which comes up with the best proposition. 

The Takeoff program, based at the University of Malta, delivers a tailored package of benefits and guidance to entrepreneurs, most of whom are young people, from inside and outside of the University of Malta. The programme aims to help entrepreneurs transform their ideas into market and investor-ready ventures. The programme is specifically designed to help innovators and aspiring entrepreneurs create successful science, technology, engineering, creative media, and knowledge-based start-up business. Takeoff brings together innovators, entrepreneurs, mentors, and investors and aims to close the skills and resources gap experienced by entrepreneurs as they embark on their start-up ventures. 

Microsoft Innovation Centre supports students and start-ups through its facilities and offers training courses ranging from development to gaming. The MIC start-up programme is targeted towards start-ups in the early stages of business and offers incentives such as office space, hardware, and technology skills. Students are encouraged to explore and develop their interest in technology and build technology-related skills. 

Junior Achievement-Young Enterprise (JA-YE) complements classroom learning by offering learning-by-doing programmes at primary, secondary, post-secondary, and tertiary levels. The most popular are the Company Programme (post-secondary level) and Start-Up Programme (tertiary level).  JA-YE also offers group coaching and mentoring for youths through these programmes. 

The Business First service provides information and assistance regarding administrative procedures. The service also offers information for those seeking to improve their business or even close their business. Young people can have access to this information, which is made available via the ‘Business First’ website, telephone number, email, and one-to-one meetings. 

The Get Qualified 2017-2023 is an initiative that supports the personal development of individuals for the achievement of qualifications and certifications required by the industry.  The incentive is applicable to individuals following a course of studies leading to a certification, diploma, degree, or post-graduate degree courses. 

The Skills Development scheme falls under the remit of the Malta Enterprise. It supports business undertakings to provide training to develop and update the skills and knowledge of the workforce.  Support is provided in the form of training and knowledge transfer initiatives that will support employees to acquire new skills, know-how, and knowledge). 

Access to capital

The Ministry for Economy, Enterprise and Strategic Projects together with Centre for Entrepreneurship and Business Incubation (CEBI) of the University of Malta, together offer the TAKEOFF Seed Fund Award (TOSFA) at the TAKEOFF Business Incubator, situated at the University of Malta. The award distributes up to 100,000€ in seed funding to groups of innovators and entrepreneurs. 

Accelerate 2024 supports businesses within their first seven years to finance participation in an Accelerator Programme recognized by Malta Enterprise. It targets ventures with growth potential and a viable business concept based on technical and scientific know-how, aiming to develop technology into a market-ready product. Eligible applicants must be registered within the European Economic Area, established no earlier than seven years from the application date, and engaged in activities such as manufacturing, software development, industrial services, health, biotechnology, pharmaceuticals, life sciences, or other knowledge-based sectors with international growth potential. The scheme offers a grant of up to €100,000 to cover eligible costs, including accelerator fees, travel, corporate service provider fees, and rent for business premises or equipment. Applications close in 2030. 

The Exploring Research Grant supports businesses in conducting feasibility studies for Research & Development initiatives to reduce uncertainty and minimize investment risks. These studies help identify technical, operational, and commercial risks, assess required resources, and evaluate the commercial potential of products or services resulting from research. Eligible applicants include limited liability companies, partnerships, and cooperatives that are not in default on Income Tax, VAT, or Social Security payments and are not classified as Undertakings in Difficulty. The grant provides up to €100,000 to cover wage costs, contractual research, technical knowledge, patents, and other operating expenses. Applications are open until 30th October 2026. 

Malta Enterprise offers a Micro Invest Scheme and encourages undertakings, including start-ups, to invest in their business, so as to innovate, expand and develop their operations.  Undertakings benefitting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure, which also covers increases in wage costs). Malta Enterprise may approve a tax credit equivalent to 45% of eligible expenditure in favor of each undertaking. An additional bonus of 20% (that is a total of 65% tax credit) applies to undertakings operating from Gozo.  Aid intensity is capped at €50,000 over any period of three consecutive fiscal years which shall be increased by €20,000 (to a total of €70,000) for undertakings: a) operating from Gozo; b) registered as a Family Business; and c) having more than 50% of the ownership attributed to a female person. 

Business Start provides early seed funding for small start-ups with economically viable business concepts, enabling them to further develop their proposals before pursuing additional funding or third-party equity. Eligible activities include manufacturing, software development, industrial services akin to manufacturing, health, biotechnology, pharmaceuticals, life sciences, and other innovative economic activities driven by novel knowledge and technology. The grant offers up to €10,000. Thia scheme expires in 2026. 

The Business Development Scheme supports value-added projects—including new initiatives, start-ups, expansions, and transformations—that drive Malta's regional development by creating business opportunities, skilled employment, and increased competitiveness. It funds projects in areas such as environmental actions, innovative new business, digital transformation, and collaborative projects, among others. Eligible applicants must not earn revenue from gambling, real estate sales, wholesale or retail, or financial services, and must be up-to-date with tax and social security payments, as well as eligible for de minimis aid. The scheme provides cash grants and tax credits for eligible costs like wages, property leases, advisory services, and technology, offering up to €300,000 per undertaking over three years to cover 75% of costs. Applications close on 30th September 2030. 

Start-up Finance supports Small Start-up Undertakings with a viable business concept and a commitment to expand and further develop their economic activity. The scheme covers eligible activities such as manufacturing, software development, industrial services analogous to manufacturing, health, biotechnology, pharmaceuticals, life sciences, and other innovative economic ventures enabled by advanced knowledge and technology. It offers a repayable advance to cover costs including payroll, procurement of assets and materials, specialised technical services, and expenses incurred in establishing operations in Malta. Applications are open until 2026. 

The ZAAR Crowdfunding Platform is a crowdfunding platform, aimed as an alternative access to finance for start-ups, business projects, and ideas. Aspiring entrepreneurs in Malta can crowdfund their business ideas through ZAAR.  ZAAR is a project spearheaded by Promotion of Entrepreneurial Initiatives (PEI) Limited, which was set up jointly by the Malta Business Bureau (MBB) and the University of Malta (UoM). This initiative is also supported by the Ministry for Economy, Investment & Small Business and the Arts Council Malta. 

Go Beyond offers early-stage business angel investment to start-ups in five industry categories, including technology, internet, and cellular phones. 

The BOV JAIME (Joint Assistance Initiative for Maltese Enterprises) Financing Package provides SME with up to €50,000 for capital investment and related working capital at advantageous interest rates and reduced collateral obligations.