The Take­off Seed Fund award

Sup­port­ing in­no­va­tive en­trepreneurs and re­searchers

The Malta Business Weekly - - FRONT PAGE -

For the fifth year run­ning, the Take­off Seed Fund award will sup­port re­searchers and en­trepreneurs with their in­no­va­tive tech­nolo­gies and busi­ness con­cepts. A to­tal of €100,000 will be awarded through a com­pet­i­tive process whereby the best writ­ten ap­pli­ca­tions are short­listed for a live pitch in front of a panel of judges, with the top ap­pli­cants re­ceiv­ing fund­ing.

The Min­istry for The Econ­omy, In­vest­ment and Small Busi­nesses and the Univer­sity of Malta have launched the 2018 edi­tion of Tosfa, with the sup­port of the Univer­sity’s Knowl­edge Trans­fer Of­fice, Take­off Busi­ness In­cu­ba­tor and the Cen­tre for En­trepreneur­ship and Busi­ness In­cu­ba­tion.

The Min­is­ter for the Econ­omy, In­vest­ment and Small Busi­ness Dr Chris Car­dona com­mented: “Our eco­nomic fu­ture de­pends on the tal­ent we nur­ture to­day. Our start-up scene is buzzing and this seed fund­ing is vi­tal for re­search and up-and-com­ing en­trepreneur­ships’ vi­sion to be turned into com­mer­cial re­al­ity.”

En­trepreneurs and start-ups work­ing on ideas for in­no­va­tive prod­ucts and ser­vices are en­cour­aged to ap­ply for up to €20,000 in Seed funds, in­tended to take them a step closer to their first cus­tomer or in­vest­ment. Re­searchers work­ing on in­no­va­tions de­vel­oped through Univer­sity R&D may ap­ply for Proof of Con­cept funds to take their tech­nol­ogy closer to com­mer­cial­i­sa­tion. Award­win­ners will also re­ceive men­tor­ing and sup­port for their en­deav­ours through Take­off and the Knowl­edge Trans­fer Of­fice.

“The past four cy­cles of the Take­off Seed Fund award have aided 21 start-ups and 12 proof of con­cept projects to bring their ven­tures closer to com­mer­cial­i­sa­tion. We are ex­cited to see what the fifth cy­cle of the award will en­tice,” com­mented Univer­sity of Malta Rec­tor, Prof. Al­fred J. Vella.

Work­shops to ex­plain the ap­pli­ca­tion process and pro­vide the skills and tools nec­es­sary to cre­ate a com­pet­i­tive pro­posal were held yes­ter­day for Univer­sity re­searchers (Proof of Con­cept funds). For Seed funds en­trepreneurs the work­shops will be held on 5 May.

For the first time since the award’s in­cep­tion, th­ese work­shops are manda­tory for all in­ter­ested ap­pli­cants, and the fi­nal ap­pli­ca­tion form will only be ac­cepted if ap­pli­cants or their rep­re­sen­ta­tives reg­is­ter and at­tend the re­spec­tive Tosfa work­shop.

The dead­line for sub­mis­sion of writ­ten ap­pli­ca­tions for Tosfa is Fri­day, 18 May at noon. For fur­ther de­tails visit www.take­off.org.mt

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