Collaborating in a network will enable a enterprises to build synergies and attract business deals which would otherwise be difficult to conclude as individual enterprises.

 

Business Networks

Business Networks are made up of between 3 and 10 independent enterprises working together to achieve a specific business objective. Through the sharing of resources, enterprises forming part of the network can benefit from transfer of knowledge, combined capacity, improved business prospects and achieve higher competitiveness.

 

Business Networks - Benefits

ME will support approved network projects with a cash grant which shall not exceed €60,000.  This grant may be used to part finance approved costs up to 60%.  Eligible costs include:

· the engagement of a Network Manager

· the participation in trade fairs and trade events

· studies, consultancy services and certifications required for the target market

· promotional material including brochures, multilingual websites and CD-ROMs

 

Development Networks

Development networks bring together enterprises operating within the same sector or having complimentary activities for the purpose of achieving collaborative and collective development.  Development networks should be operated on the principles of not-for-profit organisations,  must have an established secretariat and the necessary statutory mechanisms to accept and process membership applications and ensure democratic leadership.

 

Development Networks - Benefits

This incentive supports development network by part finaing their operation in their first 3 years.

 

Application process

Prior to applying for aid under this incentive, enterprises are advised to contact Malta Enterprise for guidance on the application process. Once an application is submitted, it will be checked for eligibility and evaluated by an evaluation committee.  If successful a letter of approval will be issued to the enterprises participating in the network.

 

Additional Information

Enterprises interested in applying for this incentive should refer to the guideline document for full details.  The guideline document includes details on eligibility, state aid regulations and the value of aid that may be granted under this incentive.

There are currently no open calls for application for this incentive.  Interested parties are kindly requested to contact Malta Enterprise for further information

Enterprise Support

L.N. 70 of 2008 Enterprise Support Incentives Regulations, 2008