{"id":60659,"date":"2026-10-16T14:48:29","date_gmt":"2026-10-16T13:48:29","guid":{"rendered":"http:\/\/livenewsmalta.com\/?p=60659"},"modified":"2026-10-16T14:48:30","modified_gmt":"2026-10-16T13:48:30","slug":"e15-million-in-assistance-to-more-than-50-startups-that-created-around-250-quality-jobs","status":"publish","type":"post","link":"http:\/\/livenewsmalta.com\/index.php\/2026\/10\/16\/e15-million-in-assistance-to-more-than-50-startups-that-created-around-250-quality-jobs\/","title":{"rendered":"\u20ac15 million in assistance to more than 50 startups that created around 250 quality jobs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">More than 50 startups have been awarded a total of \u20ac15 million in financial assistance to help grow their operations. These businesses have created around 250 quality jobs, with an average salary of \u20ac46,000, while generating four euros in economic return for every euro invested in them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This was announced by Minister for the Economy, Technology and Strategic Projects Silvio Schembri during the sixth edition of the Startup Festival. He emphasized that these results demonstrate the contribution of startups to an economy built on innovation, productive investment and quality careers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Minister explained that these enterprises operate in sectors such as FinTech, EdTech, Life Sciences, semiconductors, digital games, esports, artificial intelligence and Deep Tech.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Startups are much more than new businesses. They embody new ideas, fresh ambitions and, above all, the confidence to challenge what already exists and build something better. This is the commitment we want to continue encouraging in our country,&#8221; said Minister Schembri.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During his address, the Minister recalled that the electoral pledge to ease the costs of setting up a business for young entrepreneurs was implemented within the Government&#8217;s first 100 days. This measure forms part of the commitment to ensuring that entrepreneurs receive the support they need at every stage, from developing an idea to expanding beyond our shores.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Minister Schembri also highlighted progress in the semiconductor sector. The first cohort of the incubator program supported 12 chip-design companies, four of which subsequently incorporated their businesses in Malta.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Malta Enterprise CEO George Gregory highlighted the importance of helping startups grow internationally, noting that Startup Festival Malta connects founders, investors and industry leaders to turn entrepreneurial ambition into lasting economic value. By strengthening these relationships and providing the right support, Malta Enterprise aims to help turn entrepreneurial ambition into sustainable growth and shape the next chapter of Malta&#8217;s economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Photo: METP<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n<div class=\"pvc_clear\"><\/div><p id=\"pvc_stats_60659\" class=\"pvc_stats all  \" data-element-id=\"60659\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.0\" viewBox=\"0 0 502 315\" preserveAspectRatio=\"xMidYMid meet\"><g transform=\"translate(0,332) scale(0.1,-0.1)\" fill=\"\" stroke=\"none\"><path d=\"M2394 3279 l-29 -30 -3 -207 c-2 -182 0 -211 15 -242 39 -76 157 -76 196 0 15 31 17 60 15 243 l-3 209 -33 29 c-26 23 -41 29 -80 29 -41 0 -53 -5 -78 -31z\"\/><path d=\"M3085 3251 c-45 -19 -58 -50 -96 -229 -47 -217 -49 -260 -13 -295 52 -53 146 -42 177 20 16 31 87 366 87 410 0 70 -86 122 -155 94z\"\/><path d=\"M1751 3234 c-13 -9 -29 -31 -37 -50 -12 -29 -10 -49 21 -204 19 -94 39 -189 45 -210 14 -50 54 -80 110 -80 34 0 48 6 76 34 21 21 34 44 34 59 0 14 -18 113 -40 219 -37 178 -43 195 -70 221 -36 32 -101 37 -139 11z\"\/><path d=\"M1163 3073 c-36 -7 -73 -59 -73 -102 0 -56 133 -378 171 -413 34 -32 83 -37 129 -13 70 36 67 87 -16 290 -86 209 -89 214 -129 231 -35 14 -42 15 -82 7z\"\/><path d=\"M3689 3066 c-15 -9 -33 -30 -42 -48 -48 -103 -147 -355 -147 -375 0 -98 131 -148 192 -74 13 15 57 108 97 206 80 196 84 226 37 273 -30 30 -99 39 -137 18z\"\/><path d=\"M583 2784 c-38 -19 -67 -74 -58 -113 9 -42 211 -354 242 -373 16 -10 45 -18 66 -18 51 0 107 52 107 100 0 39 -1 41 -124 234 -80 126 -108 162 -133 173 -41 17 -61 16 -100 -3z\"\/><path d=\"M4250 2784 c-14 -9 -74 -91 -133 -183 -95 -150 -107 -173 -107 -213 0 -55 33 -94 87 -104 67 -13 90 8 211 198 130 202 137 225 78 284 -27 27 -42 34 -72 34 -22 0 -50 -8 -64 -16z\"\/><path d=\"M2275 2693 c-553 -48 -1095 -270 -1585 -649 -135 -104 -459 -423 -483 -476 -23 -49 -22 -139 2 -186 73 -142 361 -457 571 -626 285 -228 642 -407 990 -497 242 -63 336 -73 660 -74 310 0 370 5 595 52 535 111 1045 392 1455 803 122 121 250 273 275 326 19 41 19 137 0 174 -41 79 -309 363 -465 492 -447 370 -946 591 -1479 653 -113 14 -422 18 -536 8z m395 -428 c171 -34 330 -124 456 -258 112 -119 167 -219 211 -378 27 -96 24 -300 -5 -401 -72 -255 -236 -447 -474 -557 -132 -62 -201 -76 -368 -76 -167 0 -236 14 -368 76 -213 98 -373 271 -451 485 -162 444 86 934 547 1084 153 49 292 57 452 25z m909 -232 c222 -123 408 -262 593 -441 76 -74 138 -139 138 -144 0 -16 -233 -242 -330 -319 -155 -123 -309 -223 -461 -299 l-81 -41 32 46 c18 26 49 83 70 128 143 306 141 649 -6 957 -25 52 -61 116 -79 142 l-34 47 45 -20 c26 -10 76 -36 113 -56z m-2057 25 c-40 -58 -105 -190 -130 -263 -110 -324 -59 -707 132 -981 25 -35 42 -64 37 -64 -19 0 -241 119 -326 174 -188 122 -406 314 -532 468 l-58 71 108 103 c185 178 428 349 672 473 66 33 121 60 123 61 2 0 -10 -19 -26 -42z\"\/><path d=\"M2375 1950 c-198 -44 -350 -190 -395 -379 -18 -76 -8 -221 19 -290 114 -284 457 -406 731 -260 98 52 188 154 231 260 27 69 37 214 19 290 -38 163 -166 304 -326 360 -67 23 -215 33 -279 19z\"\/><\/g><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"http:\/\/livenewsmalta.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p><div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>More than 50 startups have been awarded a total of \u20ac15 million in financial assistance to help grow their operations. These businesses have created around 250 quality jobs, with an average salary of \u20ac46,000, while generating four euros in economic return for every euro invested in them. This was announced by Minister for the Economy, [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_60659\" class=\"pvc_stats all  \" data-element-id=\"60659\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.0\" viewBox=\"0 0 502 315\" preserveAspectRatio=\"xMidYMid meet\"><g transform=\"translate(0,332) scale(0.1,-0.1)\" fill=\"\" stroke=\"none\"><path d=\"M2394 3279 l-29 -30 -3 -207 c-2 -182 0 -211 15 -242 39 -76 157 -76 196 0 15 31 17 60 15 243 l-3 209 -33 29 c-26 23 -41 29 -80 29 -41 0 -53 -5 -78 -31z\"\/><path d=\"M3085 3251 c-45 -19 -58 -50 -96 -229 -47 -217 -49 -260 -13 -295 52 -53 146 -42 177 20 16 31 87 366 87 410 0 70 -86 122 -155 94z\"\/><path d=\"M1751 3234 c-13 -9 -29 -31 -37 -50 -12 -29 -10 -49 21 -204 19 -94 39 -189 45 -210 14 -50 54 -80 110 -80 34 0 48 6 76 34 21 21 34 44 34 59 0 14 -18 113 -40 219 -37 178 -43 195 -70 221 -36 32 -101 37 -139 11z\"\/><path d=\"M1163 3073 c-36 -7 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class=\"pvc_clear\"><\/div>\n","protected":false},"author":2,"featured_media":60660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-60659","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"uagb_featured_image_src":{"full":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"thumbnail":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-150x100.jpeg",150,100,true],"medium":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-300x200.jpeg",300,200,true],"medium_large":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"large":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"1536x1536":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"2048x2048":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_0x420":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_80x60":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-80x60.jpeg",80,60,true],"td_218x150":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-218x150.jpeg",218,150,true],"td_324x400":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-324x300.jpeg",324,300,true],"td_696x0":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_1068x0":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_100x70":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-100x70.jpeg",100,70,true],"td_265x198":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-265x198.jpeg",265,198,true],"td_324x160":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-324x160.jpeg",324,160,true],"td_324x235":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-324x235.jpeg",324,235,true],"td_356x220":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-356x220.jpeg",356,220,true],"td_356x364":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-356x300.jpeg",356,300,true],"td_533x261":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a-450x261.jpeg",450,261,true],"td_534x462":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_696x385":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_741x486":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false],"td_1068x580":["http:\/\/livenewsmalta.com\/wp-content\/uploads\/2026\/10\/pr261726a.jpeg",450,300,false]},"uagb_author_info":{"display_name":"Bernard Lynch","author_link":"http:\/\/livenewsmalta.com\/index.php\/author\/bernardlynch\/"},"uagb_comment_info":0,"uagb_excerpt":"More than 50 startups have been awarded a total of \u20ac15 million in financial assistance to help grow their operations. These businesses have created around 250 quality jobs, with an average salary of \u20ac46,000, while generating four euros in economic return for every euro invested in them. This was announced by Minister for the Economy,&hellip;","_links":{"self":[{"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/posts\/60659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/comments?post=60659"}],"version-history":[{"count":1,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/posts\/60659\/revisions"}],"predecessor-version":[{"id":60661,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/posts\/60659\/revisions\/60661"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/media\/60660"}],"wp:attachment":[{"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/media?parent=60659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/categories?post=60659"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/livenewsmalta.com\/index.php\/wp-json\/wp\/v2\/tags?post=60659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}