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

Helmet construction safety

Developers call for automatic renewal of building permits to reduce dependence on foreign workers

October 3, 2023
by Robert Fenech

Allowing developers to spread the work out over a longer period will limit the need to work faster, says MDA

Air Malta to shut down by 30th March 2024, Government to invest €350 million in new airline

October 2, 2023
by Robert Fenech

The airline was established in 1973

Robert Abela and Clyde Caruana to share update on national airline this afternoon

October 2, 2023
by Robert Fenech

The Prime Minister and the Minister for Finance are expected to announce the beginning of the end for Air Malta