Seed fund­ing awarded to en­trepreneurs and re­searchers in the maritime field

The Malta Business Weekly - - FRONT PAGE -

A to­tal of €67,500 was awarded to four teams of re­searchers and en­trepreneurs through MarSA, the Maritime Seed Award, set up jointly by Malta Marit­tima and the Univer­sity of Malta. The awards cer­e­mony took place at the Univer­sity Take­off Busi­ness In­cu­ba­tor and was at­tended by rec­tor Prof. Al­fred J. Vella, prorec­tor Prof. Saviour Zam­mit, Dr Daniel Aquilina, chair­man of the Malta Marit­tima Agency, Prof. Rus­sell Smith, di­rec­tor of the Univer­sity’s Cen­tre for En­trepreneur­ship and Busi­ness In­cu­ba­tion and Dr Ing. An­ton Bar­tolo, di­rec­tor of the Knowl­edge Trans­fer Of­fice.

The Proof of Con­cept cat­e­gory was open to Univer­sity re­searchers seek­ing funds to com­mer­cialise in­no­va­tive tech­nolo­gies. The suc­cess­ful ap­pli­cants were a Spar-Type Float­ing Wind Tur­bine Plat­form with In­te­grated Deep Sea­wa­ter Stor­age, a tech­nol­ogy de­signed to re­duce the car­bon foot­print in­volved in the process of liquify­ing nat­u­ral gas; Glowrust, a “smart mol­e­cule” de­signed to de­tect cor­ro­sion be­fore it is vis­i­ble to the hu­man eye and So­laqua2, an in­no­va­tive de­sign for a float­ing off­shore pho­to­voltaic sys­tem. The Seed Fund cat­e­gory was open to en­trepreneurs work­ing on the de­vel­op­ment of in­no­va­tive prod­ucts and ser­vices. The win­ner in this cat­e­gory was Sea!-Wa­ter, a hand-held de­vice that em­ploys for­ward os­mo­sis to ex­tract clean potable wa­ter from sea wa­ter.

Aquilina also an­nounced a sec- ond round of MarSA fund­ing for 2017, amount­ing to €32,500. Prof. Vella com­mented that, “Malta is a maritime na­tion and the Univer­sity en­thu­si­as­ti­cally sup­ports the de­vel­op­ment of maritime-re­lated tech­nolo­gies and in­no­va­tions. We are happy to see the high qual­ity of pro­pos­als sub­mit­ted dur­ing the ini­tial call and are ex­cited to see what the next MarSA call will at­tract".

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