Information Sessions: Digitalise your Micro Business
On May 3 and 11, SEM in collaboration with the Measures and Support Division within the Ministry for the Economy, European Funds and Lands, organised an online information session on the Business Enhance – Digitalise your Micro Business scheme.
This incentive is specifically designed to assist microenterprises through non-repayable Grants to part-finance investment to digitalise their operations, and hence improve their resilience, efficiency, productivity and customer experience by addressing new digital capabilities and digitalised processes such as product and process design and engineering, end-to-end procurement, supply chain/distribution and after sales.
Through the Digitalise your Micro Business aid scheme, micro enterprises may invest in digital technologies and related processes and implementation. Investments in hardware, software and other digital solutions are eligible if the content is directly related to the digitalisation investment and/or the funding objectives, i.e. the use of hardware, software and other digital solutions must be combined with new functions or improvements with regard to the existing initial situation of digitalisation in the enterprise.
The maximum funding amount is €10,000 per investment and part-financing eligible expenditure up to 50% for investments in Malta and 60% for investments in Gozo.
Applications are open on a rolling-call basis, with the next cut-off dates being May 15 and June 17, 2023. Grants shall be awarded on a first come-first served basis subject to budget availability.
More information on the scheme can be accessed here.
During the information sessions, participants were provided with more information on the scheme. These sessions better defined the parameters of the scheme, allowing attendees to gain more awareness of SEM’s funding assistance services, and raise queries in this regard.
For more information, please send an email with your queries to info.sem@gov.mt or call us on 2779 7300.
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