S.L. 463.3 Art. 2Interpretation.

In these regulations, unless the context otherwise requires:

"the Act" means the Malta Enterprise Act;

"the Corporation" means Malta Enterprise established under the

Act; "Guidelines" means such guidelines as may be published by the Corporation from time to time in terms of the Act; "intangible assets" means the transfer of technology by the acquisition of patent rights, licences, know-how or unpatented technical knowledge;

"organisational innovation" means the implementation of a new organisational method in the business practices, workplace organisation or external relations of an undertaking; "large undertaking", "medium-sized undertaking", "small undertaking" and "micro undertaking" shall have the meaning attributed to them by Annex 1 of Commission Regulation (EC) No 800/2008 of 6 August 2008 declaring certain categories of aid compatible with the common market in application of Articles 87 and 88 of the Treaty (General block exemption Regulation): Provided that as from the 1st July 2014, the definition of "large undertaking", "medium-sized undertaking", "small undertaking" and "micro undertaking" shall have the meaning attributed to them by Annex I of Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty (General block exemption Regulation); "process innovation" means the implementation of a new or significantly improved production or delivery method (including significant changes in techniques, equipment and, or software); "qualifying expenditure" means that expenditure that may qualify for assistance in terms of these regulations and in accordance with the Guidelines;

"start-up undertaking" means an undertaking which has been in operation for a period of less than five years;

*see regulation 1(2) of these Regulations, as originally promulgated. "tangible assets" means fixed physical assets in relation to the creation of an undertaking, or extension of an existing undertaking, or engagement in activity involving fundamental product or production process change;

"technological product innovation" means the implementation or commercialisation of a product with improved performance characteristics such as to deliver objectively new or improved services to the consumer; "undertaking" means any individual or body of persons, whether registered or not and whether having distinct personality or not, who or which carries on a qualifying activity and includes any association or other body of persons which promotes or supports the goals or objectives of such undertakings.