Blue Economy ClimAccelerator Malta

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Why Join?

Access Equity Investors for up to €1.5M: Make your business proposition and pitch deck shine, showcase your breakthrough solution to our global investors' network.

Access Public Funding for up to €1M: Unlock the potential to apply for European and Maltese funding, fuelling further development of your innovative venture.

Access up to EUR 500,000 funding: Qualifying startups can benefit from the Malta Venture Capital program to match their private equity investment.

Partnerships: Access our extensive private and public sector partners' network, both in Malta and internationally, for joint R&D, MVP pilots and consortia development for EU funding purposes.

Pitching Competition: Cash prize for the winner + tailored support to access up to EUR1Mn public funding.

Malta Residentials: 3 fully funded weeks in Malta packed with exclusive workshops and guest speakers, 1-to-1 coaching, networking events, and access to state-of-the-art Deep Tech Lab in one of the prime global maritime ecosystems.

Business Development: Comprehensive support in reaching international markets, develop new sales channels and boost sales growth.

Climate Impact Forecast: Specialist workshops and tools to measure the climate and environmental impact of your solution, in line with UN SDG goals and EU Green Deal objectives.

Tailored Mentoring: Personalized one-to-one mentoring designed around your specific needs and requirements, helping you navigate the challenges of scaling your venture and readying you for success.

Post-program Support: Investors negotiations, public funding applications and MVP pilots may run past program completion. We continue supporting and advising you after program ends, we will not just say ‘good bye’…

Climate-SAFE agreement: Startups that have graduated from the program can benefit from the Climate-SAFE / Climate Validation investment agreement and a €50K equity investment as a service package provided by the EIT Climate KIC.

PROGRAM DETAILS

The Program

We welcome startups developing blue solutions in the following areas:

Coastal Tourism

Blue Biotechnology

Marine Living Resources

Port Activities

Marine Renewable Energy

Maritime Transport

Am I eligible?

Is my solution scalable with potential to be applied internationally and grow globally?
Does my product / service have the potential to generate income from various international markets?
Was my venture registered not earlier than 31 October 2017?
Do I have the necessary (academic/scientific) competences to deliver the solution?
Do I have a prototype ready to be piloted? In other words, is my startup at Technology Readiness Level (TRL) 6 or above?
Do I have a case to show potential impact of my solution on the Blue Economy ecosystem?
Would I consider the benefits of incorporating in Malta?

Success Stories from Around the World

PERFOMAX

Vessel performance transparent and simple, as it should be!

Website: https://perfomax.io/

Location: Singapore, Malta

Solution: AI-powered fuel optimisation platform for maritime professionals

Impact: Over 11% CO2 emissions reduction (over 3100 tons of CO2 per vessel / year on average), 8% reduction on fuel consumption (over EUR 300 000 per medium-size vessel / year average)

Success Story

Generated funding in 2023: EUR 500 000

60% year-on-year sales increase, 2023-2024

Bound4blue
Reducing shipping emissions through wind-assisted propulsion solutions.

Website: https://bound4blue.com/en/

Location: Spain

Product: Rigid wing-sails for vessels

Impact: Reducing fuel consumption and pollutant emissions by up to 40%

Success Story

Generated funding in 2020: EUR 5 800 000

Top 50 Entrepreneurs, 2019 Forbes 30 under 30 Europe