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Digital Intensification Grant Scheme

Isaac Sammut  -  4/July/2022

As part of the Recovery and Resilience Plan for Malta, the Digital Intensification Grant Scheme was launched on 28th June 2022.

Considering the borderless and competitive nature of doing business globally, it is imperative for businesses to keep abreast of latest technology trends and products. Investment in such products is fundamental for survival and to remain current in today’s digital world. It has become obvious that digitalisation enables new economic opportunities, new business models, more efficient processes, and better client acquisition and retention.

This incentive seeks to assist eligible enterprises through non-repayable Grants to part finance initial investment for SMEs, or an initial investment in favour of a new economic activity in the case of large enterprises.

Proposals which are in line with the below priorities will be given precedence in selection:

Manufacturing industry – investment that supports the transformation operations and transition to Industry 4.0 by optimising the use of existing technologies and exploitation of emerging technologies and trends such as digital twinning, predictive maintenance, track-and-trace, and modular design amongst others.

Tourism industry – investment that ensures analytical tools and AI to design, adapt and personalise hospitality packages and offerings that maximise client experiences and investment in digitalisation and other technologies that will also contribute towards better resource efficiencies, such as the use of water and electricity.

Investments may include, but are not limited to, the following activities:

  • Investments and solutions related to product lifecycle management
  • Life cycle analysis
  • Cloud-Based Platforms
  • Internet of Things (IoT)
  • Cyber security and data protection
  • Cyber-physical system
  • Augmented reality
  • Artificial intelligence (AI)
  • Circular manufacturing
  • Autonomous solutions
  • Big data and data management
  • Decision support systems.

The maximum grant value under this scheme is set at €200,000 per digitalisation investment.

Size of undertaking

Aid Intensity

Projects in Gozo

Projects in Malta (in assisted areas designated in Malta’s

Regional Aid map

Projects in Malta (in localities not falling within the Regional Aid map)

Micro and Small

35%

30%

20%

Medium

25%

20%

10%

Large

15%

10%

N/A

 

If you are a business operating in the manufacturing or tourism sector, get in touch now and let us help you. Contact our Advisory Manager, Jessica Camilleri on jcamilleri@ksimalta.com, and Business Development Manager, Isaac Sammut on isammut@ksimalta.com to see how your business can benefit from this scheme.

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