Minister for economy Chris Cardona has announced the launch of the Enterprises Incentives mobile application, which facilitates and gives businesses access to all the information needed regarding the incentives available to them, according to a press statement issued by the Maltese government’s Department of Information (DOI). Malta Enterprise dedicates October to the startup community, with its events targeting startups, entrepreneurs, investors, and the youth.
The app was designed after receiving feedback from the public and realising that businesses’ reported difficulties in making sense of the overwhelming and disjointed amount of information from many different sources on support and incentives available to them.
The app aims to be a practical and streamlined platform that can help local businesses rifle through the available collection of schemes and other incentives available from all government organisations.
Support measures available through the app are grouped based on the type of funding mechanism and are further categorised by the sectors they target.
Each page relating to a particular incentive provides basic information about the scheme, with direct links to more detailed information along with contact details pertaining to the entity managing each initiative.
Malta SME Week kicks off with StartUp Café
The Malta SME Week is also taking place now. Mr Cardona’s launch of the week-long event series, as well as the app, was announced at the second edition of Malta Enterprise’s StartUp Café. During this event, Malta Enterprise said it has supported startups with €2m since 2015.
The Malta SME Week is part of the European Commission’s EU-wide SME Week events, which aim to generate public awareness among people who wish to start a business or are already in business and wish to grow their activities. The event series lasts for six weeks. This year’s edition is featuring a wide range of events targeting different audiences.
The SME Week in Malta ties with the economy ministry’s efforts to promote entrepreneurship as a career option while providing information on national and EU entities assistance to micro, small and medium-sized businesses and also giving recognition to entrepreneurs for their contribution to Malta’s welfare, jobs, innovation, and competitiveness, according to the DOI press release.
“October has become synonymous for the local business community with events that bring us and the relevant stakeholders all together, where we update each other on local and European trends. It’s also an opportunity for us to have a better idea of what challenges and realities our businesses are facing,” said economy minister Mr Cardona.
The StartUp Café brought together some 120 young enterprises looking to start their own business. During the event, professionals and academics shared their experiences in order to help participants to develop their entrepreneurial skills. In addition, participants participated in workshops and networking sessions with the panellists.