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ERDF 199: Biomalta - Setting up a Life Sciences Centre

Project Cost: €20,792,553
Beneficiary: Malta Enterprise
Line Ministry: Ministry for the Economy, Investment and Small Business
Start Date: 2008
End Date: 2015

Non Technical Short Summary Of Project

The building of a Life Sciences Centre located close to the Hospital and University focus on Life Sciences and associated technologies and aim to incorporate pharmaceutical /biotech laboratories and research facilities to support knowledge-based companies. The Centre is helping to increase skills in the sector and drive new FDI and RTD activity and incubate new enterprises.

Operational Programme: OPI Investing in Competitiveness for a Better Quality of Life ERDF
Fund: European Regional Development Fund
Operational Objective: To promote and strengthen high value-added economic activity, including attraction of Foreign Direct Investment through investments in enterprise support infrastructure, including industrial facilities;
Priority Axis: PA1 Enhancing Knowledge and Innovation
Focus Area Of Intervention: OPIPA1 Enterprise Infrastructure

Project Objectives

1. Creation, incubation and attraction of new knowledge-based companies
2. Supporting new and existing SME to invest in knowledge-based activities
3. Increasing collaboration between knowledge institutes and Malta enterprises
4. Develop a currently unutilised area designated as an employment node around the MDH and UoM in generating high value-adding activities

Project Results

This project is expected to result in the following benefits:
1. 28 enterprises (local and foreign) on site
2. 11 enterprises involved in clustering and sharing of knowledge
3. An increase in R&D expenditure through the access to advanced laboratory equipment for research and development and advanced testing equipment for existing SMEs and new start up companies;
4. The LSC will consist of 39 working spaces for NTBFs, 4 R&D Laboratory areas and 2 laboratories which would specialise in providing a service to industry, a basement for radiology activities, 3 staging areas that would allow housing, maintenance and calibration of larger field equipment, and 11 units specifically for the incubation facility.
5. As part of its package, the LCS will offer to its tenants a Common Innovation Laboratory area and common facilities consisting of an exhibition space, a child-care facility, a cafeteria and coffee area, a multi-purpose auditorium and 15 meeting rooms. In addition the centre will provide complimentary and permanent space to host local facilitators of life sciences networks that will assist the tenants to collaborate on technology efforts involving tenants and other entities.

Project Purpose

The project will provide a facility with the right functional environment whereby target companies will achieve expansion and growth through specialisation in key knowledge based activities and networking with companies from the same sectors, hospital, academia (close proximity to both) and other service providers like laboratories who choose to set an operation within the centre as well as generate employment by incubating new enterprises in the sector.