The kENUP Foundation made a donation of 100,000 euros to the Maltese COVID-19 R&D Fund. The fund is managed jointly by the Malta 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 provide 5.3 million euros for the development of innovative and improved scientific and technological concepts to meet 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, a nonprofit global innovation partnership based in Malta, promotes research-based innovations for Europe with public and social benefits. Holm Keller, Chairman of the kENUP Foundation, comments: “We are very grateful to the Maltese government for helping to start the foundation in the Republic of Malta. The kENUP Foundation supports the provision of financial resources for companies working on the development of innovative products to combat COVID-19. We are pleased to contribute to the Maltese COVID-19 R&D Fund and to support projects to protect the people of Malta and beyond. “
“With this significant donation, kENUP is supporting the efforts of the Malta Council for Science and Technology and is further topping up the € 5.3 million COVID-19 R&D Fund, which was set up by central government funds earlier this year,” said Dr. Jeffrey Pullicino Orlando, Executive Chairman of the Malta Council for Science and Technology.
As the State Secretary for Financial Services and Digital Economy, Clayton Bartolo, said in his speech, donation is not kENUP’s first commitment to Malta. “The MCST recognized years ago that kENUP could give Malta’s stagnating research and innovation sector significant new impetus. Over the years, kENUP has also been able to count on the government’s support in overcoming legal hurdles to implement a novel concept of online higher education that ultimately led to the creation of the EDU in Malta. “
Six years after its foundation, the Parliamentary State Secretary went on to say, the kENUP Foundation has established itself in the innovation promotion sector with a focus on healthcare. “With this donation, our country can further intensify its efforts to invest more in research and development,” added Hon. Bartolo.
The video of the event is available at https://www.covidx.eu/news/#Malta
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kENUP covidX program: Nadine Castillo Tel .: +356 99452436
MCST COVID-19 R&D Fund: Giselle Calleja Tel.: +356 2360 2173