In response to the financial constraints faced by Small and Medium-sized Enterprises (SMEs) in implementing robust cybersecurity measures, the NCC-MT, operating under MITA, has launched the SME Cybersecurity Grant Scheme CYBER+ALT ‘Agħżel Li Tipproteġi’. With a budget of €2 million co-funded by the EU and national funds, this scheme aims to support SMEs in overcoming financial barriers to enhance their cybersecurity defences. By offering grants to part-finance cybersecurity projects, SMEs can strengthen their ability to protect their digital assets effectively. The CYBER+ALT scheme acknowledges the critical importance of cybersecurity in today’s digital landscape and aims to empower SMEs to proactively address cyber threats despite their limited resources.
Eligibility and Grant Details:
The CYBER+ALT scheme is open to all eligible undertakings and will remain open until 29th December 2023. Interested SMEs can submit their applications during four open rolling calls, with specific cut-off dates. The maximum grant amount an SME can receive is €60,000, with an aid intensity of 80%. To be eligible for funding, the investment project proposal must have a comprehensive budget breakdown totaling at least €20,000. The scheme operates on a first-come, first-served basis, subject to budget availability.
Focus Areas and Implementation:
The investment projects supported by the CYBER+ALT scheme should aim to enhance the SME’s existing cybersecurity capacity. These projects should focus on one or more of the following areas: vulnerability management, identity and access management, end-to-end data protection, threat detection and response, and enhanced cloud-based platform security. Eligible costs include cybersecurity solutions, hardware, subscriptions, license fees, managed services, staff training, and implementation. It is crucial that these investments result in tangible advancements in the SME’s cybersecurity resilience.
Promoting Cybersecurity Awareness and Risk Management:
The CYBER+ALT scheme not only provides financial support but also fosters awareness and education around cybersecurity risks. By facilitating the implementation of cybersecurity solutions, the scheme helps SMEs proactively manage and mitigate potential threats. Through this initiative, the NCC-MT aims to bring the local business community together, promoting a culture of cybersecurity and enabling SMEs to strengthen their defence mechanisms.
If you are an SME and unsure how to benefit from this scheme or need further information, we encourage you to contact us today. Our team is here to guide you through the process and help you strengthen your cybersecurity defences. Don’t miss out on this opportunity to enhance your organization’s security and resilience. Get in touch with us now and take a proactive step towards a cyber-secure future.