University of Malta
 

TAKEOFF Seed Fund Award
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Helping to move promising ideas forward toward commercialization and ultimately, creation of high-growth businesses in Malta.

 

Nine researchers and entrepreneurs were awarded a total of  €100,000 at this year’s TAKEOFF Seed Fund Awards ceremony, which was held at the TAKEOFF Business Incubator at the University of Malta, and attended by Minister Chris Cardona, Rector Prof Alfred J. Vella, TAKEOFF Manager Andy Linnas, and Go Beyond Operations Manager Jean Paul Barthet. 

TAKEOFFMEIB_Coat_of_Arms

Hon. Minister Chris Cardona said "The Ministry is happy to see the third group of researchers and entrepreneurs receive seed funding for their projects. We value our collaboration with TAKEOFF and the unique opportunity this gives us to support ventures at a very early early stage when funding is so critical for them and so hard to come by."


A total of thirty-six teams applied for the seed fund, and the best fourteen were shortlisted to ‘pitch’ their ideas to the Adjudication Committee. The winners of the Proof of Concept Category were: Dr Byron Baron with a project to develop a screening kit to detect specific protein modifications that may indicate diseases such as cancer; Dr Duncan Ayers to work on a therapy that would drastically reduce the doses of chemotherapy drugs required by certain cancer patients; and  Dr Godfrey Grech for work to develop testing kits to distinguish between certain types of breast cancer and inform about the required therapy. 


The winners if the Seed Fund Category were: Photon Malta to develop an app that would enable users to have digital photos in their mobile devices printed and shipped to their door for free; Flatnumber to finalise and promote their software that facilitates the management of apartment blocks and condominiums; Freshy.io to develop an app that would inform users about cheap food deals in their vicinity, while allowing catering establishments to sell surplus fresh food they would otherwise have to throw away by day’s end; Ton Eighty Metrics to develop a facial analysis system that will be integrated in vending machines to provide anonymised customer demographics; Registrator to finalise work on their software application that complements the popular Sage accounting system and allows accountants and their clients to share data and documents seamlessly; and Mates, Dates & Plates to develop an app that makes it easier for hosts to create impressive menus for all their guests, including  'fussy eaters' and those with religious or special dietary requirements.


University of Malta Rector Prof. Alfred J. Vella expressed that “TAKEOFF has matured considerably since its launch just over two years ago, and so have many of the start-ups within it. We are happy that the quality of applicants for the seed funds keeps improving every year and look forward to seeing one or two major breakthroughs in the near future."


Go Beyond presented an award for the Participant with Most Cross-Border Potential, which was won by Photon Malta.  Jean Paul Barthet explained that “the reason for Go Beyond's award is to stress the importance for local start-ups to look beyond Malta's small market from the very early stages of their development if they want to succeed in attracting equity investment to expand their business and compete on the international playing field”.


Contacts

For more information, visit the TAKEOFF website.

Business Incubation Manager – Joseph Bartolo

Knowledge Transfer Office


TAKEOFF Seed Fund Award

Centre for Entrepreneurship and Business Incubation

TAKEOFF Business Incubator

Dar Ġużeppi Żahra

University of Malta

Msida MSD 2080

Malta

 

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TAKEOFF Seed Fund Award to support entrepreneurs and researchers
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Drop into Level 3, Dar Guzeppi Zahra every Friday for funding support. 

Funding Fridays is an initiative of the Knowledge Transfer Office and the Project Support Office offering the academics dedicated support services in relation to European and national research funds in order to increase application and success rate. 
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Last Updated: 15 December 2016

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