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Business Start scheme: B-Start

01.02.2017

Malta Enterprise has introduced a scheme aimed at small startups wishing to invest in company growth through a viable business in Malta, who can receive a cash grant of up to €25,000. The measure is intended to support Small Start-up Undertakings that have a viable business concept and are in the early stage of its development. This incentive called ‘B-start’ is available to start-ups who have:

• been operating for less than 5 years;
• not been formed through a merger; and
• not yet distributed profits.

Furthermore, to be eligible, Malta Enterprise is looking primarily at entities engaged in:

• Manufacturing;
• Electricity, gas, steam, and air conditioning supply;
• Water supply, sewerage, waste management and remediation activities;
• Transportation and storage;
• Professional, scientific and technical activities;
• Administrative and support service activities;
• Human health and social work activities;
• Arts, entertainment and recreation;or
• Other service activities.

Incentive description

Upon approval, the beneficiary receives an initial cash injection of up to €10,000. The actual amount is determined through the evaluation of a number of factors.

Further grant assistance can be claimed on a quarterly basis up to a year from the initial payment, subject to a maximum of €25,000.

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