Businesses that are still in their setting up phase require particular assistance to help them make that first step towards success. Start-ups need a mix of resources and support in order to flourish, primarily external guidance, access to finance and a location from where to operate. There are various incentives available that will help a business take off and establish roots for successful operations.
Business Incubation
Business incubation is an economic development tool designed to accelerate the growth and success of entrepreneurial start-up efforts through the mobilisation of an array of business resources and services. To fulfil its mission in the support of SME formation and growth, Malta Enterprise is managing the Kordin Business Incubation Centre (KBIC), which is a mixed technology oriented style incubator. KBIC provides a cost-effective business environment, a professional image with managerial expertise geared to the needs of small business.
The facility has a gross area of 4,800 sq m, a tenancy area of 3,200 sq m and an additional capacity of about 1,500 sq m. It consists of 57 units, ranging from 25 sq m to 100 sq m, thus providing a flexible space arrangement. Each unit is equipped with a basic infrastructure of electricity supply, water, telephone service and furniture.
The formal incubation period is set between a minimum of one year to a maximum of three years.
The target industrial groups that KBIC is focusing on are:
- Engineering Design and Development of Equipment Systems
- Renewable Energy Resources
- Biotech Projects
- Other Innovative Projects
Further information can be obtained from the Manager at KBIC by sending an e-mail on kbic@maltaenterprise.com or by phoning on (+356) 2398 0000.
Business Advisory Services
A business can always benefit from expert advice. An objective point of view can make all the difference. The business advisory services offered by Malta Enterprise can support your particular needs for development. Contact us to see how our advisors can help you. Further details
Investment Tax Credits
Tax credits to support investment and job creation, focusing on attracting new investment projects and promoting expansion or diversification of existing enterprises. Further details
Application for Industrial Space
In collaboration with Malta Industrial Parks, Malta Enterprise allocates high quality premises to eligible manufacturing investors. Contact Business First for guidance on the application for industrial space.
MicroInvest
Tax credits to support micro enterprises (employing less than 30) and the self-employed invest in their business, innovate, expand, implement compliance directives and/or develop their operations. Further details