kENUP Foundation has donated € 100,000 to Malta’s COVID-19 R&D Fund. The Fund is managed jointly by the Maltese Council for Science and Technology (MCST) and Malta Enterprise with the support of the Ministry of Finance and Financial Services, and the Ministry of Economy, Investment and Small Business. The Malta fund will receive € 5.3 million for the development and improvement of innovative scientific and technological approaches to the challenges posed by COVID-19 and future pandemics.
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Boosting Investment in R&I: €100,000 donation by kENUP Foundation to Malta’s COVID-19 R&D Fund (Photo: Business Wire)
kENUP, an international non-profit organization based in Malta, focused on innovation, promotes research-based innovation for Europe with public and corporate advantage. Holm Keller, President of the kENUP Foundation said, “We are very grateful to the Maltese government for their initial support in preparing the Foundation in the Republic of Malta. The kENUP Foundation is supporting the provision of funding for companies involved in the development of innovative products aimed at combating against COVID-19. So we are very pleased to contribute to Malta’s COVID-19 Research and Development Fund and to support projects designed to protect the Maltese population and beyond. “
“With this important donation, kENUP is giving its valued support to the Maltese Council for Science and Technology by increasing the COVID-19 Research and Development Fund by 5.3 million euros, established using central government funding this year” explained Dr. Jeffrey Pullicino Orlando, Executive President of the Maltese Council for Science and Technology.
In his speech, the Parliamentary Secretary for Financial Services and Digital Economy, the Hon. Clayton Bartolo said that Malta is not new to the kENUP initiatives. “I know years ago, MCST predicted that kENUP could really contribute something new and great to Malta’s declining Maltese research and innovation sector. Over the years, kenup has also found help from this government in addressing legal issues enabling a new concept in online tertiary education which ultimately led to the founding of EDU also in Malta. “
The Parliamentary Secretary also stressed that six years after its foundation, kENUP has established itself solidly globally particularly in the healthcare sector. “Through this donation, our country will strengthen its cause for greater investments in Research and Development”, underlined the Hon. Bartolo.
The video of the event is available on https://www.covidx.eu/news/#Malta
The original text of this announcement, written in the source language, is the official authentic version. The translations are offered solely for the convenience of the reader and must refer to the original language text, which is the only legally valid one.
Program covidX kENUP: Nadine Castillo tel: +356 99452436
MCST COVID-19 R&D Fund: Giselle Calleja tel: +356 2360 2173