The Feasibility Study scheme seeks to help enterprises with the cost of researching their proposed business or new business idea to see if it could be viable and sustainable. The study should help the enterprise to reach firm conclusions about their business as well as identifying the resources required to carry it through and ultimately its prospects for success.
The investments should be steered towards contributing to Malta’s Research and Development (R&D) landscape by fostering a culture for innovation, creativity and entrepreneurship in the areas as identified in Malta’s Smart Specialisation Strategy (S3) 2021-2027.
The six Smart Specialisation Areas for which the R&D Feasibility Study Grant Application is open include the following:
- Health and Well-being
- Sustainable Use of Resources for Climate Change Mitigation and Adaptation
- Smart Manufacturing
- Marine & Maritime Technology
- Aviation and Aerospace
- Future Digital Technologies
The scheme is open to Micro, Small, Medium-sized and Small Mid-Cap Enterprises engaged in an economic activity, irrespective of their legal form. The maximum grant value under this scheme is set at €100,000 per undertaking.
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