How to Benefit from the eCommerce Grant Scheme
What is the eCommerce Grant?
The scope of the eCommerce grant is to encourage and support enterprises to increase their competitiveness by adopting eCommerce into their daily operations.
This measure represents an opportunity for businesses to exploit their potential to reach new markets nationally as well as internationally. Statistical data indicates that Maltese enterprises have not as yet taken advantage of the island’s strong IT infrastructure and the extensive possibilities it offers SMEs. Digitally transforming your business can facilitate the internationalisation of your business, by reaching new markets through online sales.
In the local scene, e-commerce remains relatively low and local businesses are still transitioning into the e-commerce world. In fact, local enterprises conducting online sales currently stand at 14%.
Does your end product qualify for the scheme?
The scheme’s target audiences are micro enterprises, small enterprises and medium-sized enterprises. Therefore, if your business falls into either of these categories you’re in luck.
The measure shall support investment towards the design, development, implementation and delivery of an e-commerce website and/or a mobile application. It may also support an upgrade of an existing website or mobile application to enable online sales/bookings.
To be eligible the end product shall be an e-commerce website/mobile application that must include the following;
- a Content Management System that must comply with the current industry standard e-commerce security practices
- an online product/service catalogue
- a shopping cart
- a booking system
- an integrated e-commerce payment gateway enabling online payments
- support at least basic analytics.
How will this grant help your business?
Through this initiative, SMEs can benefit from non-repayable Grants, part-financing up to 50% of the eligible expenditure on investment required to develop an e-commerce website and/or mobile application to enable online payments or booking systems through the integration of an online payment gateway. Find out more about eligibility criteria and application here.
How can we help you to secure funding?
Eligibility for funding is no easy feat. Therefore, why not take advantage of ensuring that your application to the eCommerce Grant is taken care of by a registered service provider. It is vital to entrust the development of a tailored eCommerce website or mobile application to a reputable enterprise. We at Think form part of those registered service providers and we are more than capable of designing and developing an eCommerce website or mobile application to suit your needs. Have a look at our projects that speak for themselves in terms of quality and application.
Interested in taking your business to the next level and reaching new markets by applying for the eCommerce Grant? Want to find out more about developing an eCommerce website? Get in touch to know more about how we can help.