Minister for the Environment, Energy and Enterprise Miriam Dalli announced a new scheme to facilitate innovation processes within small and medium enterprises through a partnership between SMEs, and research organisations, based either in Malta or abroad.

The Innovate scheme covers part of the costs so that an individual from the research organisation will be loaned for a period of time with the enterprise. This will lead to further innovate processes. Assistance can serve as a consultation given by the research organisation, or support systems to access software or databases offered online.

The scheme was announced by Minister Dalli during a visit at IBG Automation, together with Malta Enterprise CEO Kurt Farrugia. IBG Automation is part of Goeke Technology Group based in Germany and has been operating in Malta since 2014. IBG Automation works on research and development projects for Goeke Technology Group clients such as Tesla, Volkswagen, Mercedes and Ford.

Thanks to the assistance provided by Malta Enterprise, Government said IBG Automation will be investing €400,000 in a 3D  metal printer and CNC machinery. This investment will lead to an increase in clients, even on a local level.

Minister Dalli highlighted that, “Such investments shows the trust that foreign investors have in Malta. As through such contribution in the Maltese economy will lead to an increase in employees and quality employment. Therefore, together with Malta Enterprise will continue creating schemes which lead enterprises towards research and development, even towards innovation processes through the Innovate scheme announced today”.

Mr Farrugia remarked that “this scheme is a product of consultation even with the University of Malta, where it would further facilitate collaboration amongst our enterprises and research organizations, both in Malta and abroad. Our aim is to continue contributing to more processes based on knowledge and specific technological skills to continue strengthening the talents of our employees within the Maltese economy”.

IBG Automation offers holistic services on research and development, leading to product installation and technical testing. IBG products are used in various sectors such as car manufacturing, chemical and pharmaceutical, food production, electrical components, and energy and aviation sectors. The company manufactures products which compliments automatic systems used in manufacturing processes, assembly, packaging and inspection, through robots and  Automated Guided Vehicles (AGVs).

CEO of Goeke Technology Group, Matthias Goeke said “the Maltese team is crucial for the whole operations of the group, as their capacity, combined with the support from Malta Enterprise and other government entities make Malta an ideal base to set up operations, especially those which are among the most fundamental for the group.”

IBG Automation is planning to double up its employees next year and more than triple employees in the next three years.

Related

HV Hospitality

Court’s dismissal of NGOs’ objections to Comino project welcomed by HV Hospitality

June 14, 2024
by Fabrizio Tabone

The project will see the transformation of the Comino hotel and bungalows into a five-star resort

Experts to discuss how blockchain helps Maltese businesses

June 14, 2024
by Robert Fenech

Malta Business Network panel will discuss ‘real world’ applications of blockchain tech

Residential property sales remain level in May 2024

June 13, 2024
by BN Writer

St Paul's Bay, Mosta and Mellieħa accounted for over 15% of all transactions during the period