Seven researchers and entrepreneurs were awarded a total of €100,000 at the fourth edition of the TAKEOFF Seed Fund Awards ceremony. The TAKEOFF Seed Fund Award is a joint initiative between the Ministry for the Economy, Investment and Small Businesses and the University of Malta’s Centre for Entrepreneurship and Business Incubation and TAKEOFF Business Incubator.
This year’s edition had 43 applicants, with the final 7 awardees being judged on their models’ critical parameters required for enterprise success, following mentoring at TAKEOFF during the application process, or either by being alumni of the CEBI Masters in Entrepreneurship or both.
Creating the right environment for start-ups to grow is essential in encouraging entrepreneurs to enter the world of business. Speaking at the Awards Ceremony, Minister Chris Cardona emphasised that such initiatives give entrepreneurs the opportunity to transform their ideas into market-ready ventures.
“Today’s ceremony shows just how much innovative talent exists on our island. We have to continue to nurture it, in an ecosystem that promotes quality and excellence and does not demotivate people starting their entrepreneurial journey,” said Minister Cardona.