The National Coordination Centre (NCC), operating within the Malta Information Technology Agency (MITA), have recently launched the CYBER+ALT Grant Scheme. This initiative aims to empower businesses in tackling cybersecurity threats by strengthening their overall cybersecurity and resilience.
Managed through a public open rolling-call with periodic cut-off dates, interested eligible undertakings can submit their applications to participate in the scheme. It will remain operational until 29th December 2023, subject to the availability of funds.
The Cyber+Alt Grant Scheme is accessible to micro, small, and medium-sized enterprises (SMEs) engaged in an economic activity, with certain exclusions. Successful applicants can receive non-repayable cash grants ranging from €20,000 to €60,000, representing 80% of eligible costs.
To qualify for the grant, proposed solutions must align with one of the following five actions:
- Threat detection and response
- Vulnerability management solutions
- Identity and access management
- End-to-end data protection
- Enhanced cloud-based platform security
Eligible costs covered by the scheme include cybersecurity solutions, hardware, subscriptions, licenses, staff training costs, and implementation expenses.
It’s important to note that the Cyber+Alt Grant Scheme operates under the De Minimis aid rules, providing undertakings with an overall capping of €200,000 (or €100,000 for single undertakings in road freight transport) over a three-year rolling period.
By leveraging these grants, SMEs can invest in robust cybersecurity measures to safeguard their operations from evolving cyber threats. It is also a great opportunity for financial entities working on a successful DORA implementation plan. Funds are awarded on a first-come, first-served basis.
Should you require further information or assistance in relation to this subject matter, please feel free to get in touch with Gergely Szabo on gs@zampadebattista.com, Kris Bartolo on kb@zampadebattista.com or Rosann Axiaq on ra@zampadebattista.com.
Our dedicated team of experts is ready to provide support at every step of your journey, from assessing your eligibility for funding to offering comprehensive assistance throughout the application process. We will continue to guide you until the reimbursement phase, allowing you to focus on your business goals.