The Government of Malta recently launched the Maritime Proof of Concept Fund in collaboration with the University of Malta and Transport Malta. The Fund has €100,000 available to those with a project in mind that would kick off innovative initiatives related to the maritime sector. Successful applicants may benefit from a grant of up to €20,000.
Maritime Seed Awards 2020
The Maritime Seed Award (MarSA) is an initiative between the Malta Marittima Agency and the University of Malta, supported by the TAKEOFF Business Incubator, Knowledge Transfer Office and the Centre for Entrepreneurship and Business Incubation (CEBI) at the University of Malta.
This programme aims to help move promising ideas from the maritime field forward toward commercialisation. It makes sure that ideas do not die away at the initial stages and actually take from lab to life. It supports researchers and entrepreneurs when they need it the most to ensure their success.
The Maritime Seed Award funds two types of initiatives. First, academic staff from the University of Malta may apply for ‘proof of concept’ funds. These funds will enable applicants to take forward an innovation developed through research at the university.
The second initiative is for entrepreneurs from within or outside the university. They may apply for ‘seed’ funds for a step-change in taking their independent technology or knowledge-based start-up closer to the first customer or investment.
Potential applicants for both initiatives will need to attend online workshops organised by the respective entities. The workshops will provide an overview for creating a competitive proposal. The final application form will only be accepted if applicants or their representatives register and attend their respective workshops.