Malta Launches Technology Extension Support Programme.
Malta’s Parliamentary Secretary for Youth, Research, and Innovation, Keith Azzopardi Tanti, has announced the launch of the Technology Extension Support Programme (TESP) scheme. This initiative forms part of FUSION, the National Funding Programme for Research and Innovation administered by the Malta Council for Science and Technology (MCST). The TESP scheme aims to encourage Maltese industry to seek technical support from higher education institutes to ensure incremental product or process improvement.
The TESP scheme is designed to integrate Research and Innovation (R&I) at all stages of product or process development and support collaborations between public and private entities. Private entities in Malta can benefit from up to €40,000 per project over 15 months, as part of the Budget 2023 measure to increase investment in research and innovation with the participation of the private sector in various fields.
During the press conference, Parliamentary Secretary Azzopardi Tanti stated that the TESP scheme will help to strengthen the collaboration between the private sector and academics. He emphasized that the government firmly believes in research and innovation, which will lead to economic growth. “This is another budgetary measure that the government is fulfilling. It is a clear affirmation that the government firmly believes in research and innovation which will lead to economic growth,” stated the Parliamentary Secretary.
MCST Chairman Dr Tonio Portughese also addressed the press conference, stating that TESP aims to foster partnerships between private entities and higher education institutions. He added that through these effective collaborations, higher educational institutions can further catalyze a knowledge-based economy, contributing to a resilient society.
The TESP scheme presents an opportunity for Maltese private entities to collaborate with academia to enhance product and process development, which will lead to economic growth and a resilient society.
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