The TAKEOFF Seed Fund Award is a joint initiative between the Ministry for the Economy, European Funds and Lands (MEFL) and the University of Malta, supported by the Knowledge Transfer Office, Center for Entrepreneurship and Business Incubation and the TAKEOFF Business Incubator.
The new feature of the TAKEOFF Seed Fund Award 2023 cycle is the involvement of the Malta Digital Innovation Authority (MDIA), for the support of research projects in the area of Artificial Intelligence.

A total of €150,000 has been earmarked for distribution between start-ups and academics to enable the next phase towards the commercialisation of their business or research idea. Grants between €2,500 and €25,000 will be awarded to the selected projects.

The will fund two types of initiatives: University of Malta academic staff may apply for ‘Proof of Concept’ funds which will enable a step-change in taking an innovation developed through research at the University closer to being commercialised; entrepreneurs may apply for ‘Seed’ funds which will enable a step-change in taking their independent technology or knowledge-based start-up closer to the first customer or investment.

All applicants must attend the relevant online workshop being organised as part of the TAKEOFF Seed Fund Award application process. The workshops will provide an overview of the application process as well as tools for creating a competitive proposal. The final application form will only be accepted if applicants or their representatives register and attend the required TAKEOFF or Knowledge Transfer Office workshop. This will only be waived in extenuating circumstances. Should applicants be unable to attend alternative meetings must be held directly with the Knowledge Transfer Office for POC or TAKEOFF for SF. Both events will be held online and links will be shared with those who register for the respective workshops beforehand. To register for the event, please click here

Information and image source:

Ministry for the Economy, European Funds and Lands (MEFL) and the University of Malta, supported by the Knowledge Transfer Office, Center for Entrepreneurship and Business Incubation and the TAKEOFF Business Incubator

It-Tnejn, May 22, 2023