TradeMalta to in­vest close to €1 mil­lion in knowl­edge re­sources

Malta Independent - - BUSINESS & FINANCE -

TradeMalta, the pub­lic pri­vate part­ner­ship formed be­tween the gov­ern­ment and the Malta Cham­ber of Com­merce, En­ter­prise and In­dus­try, has been granted EU funds to de­velop a knowl­edge plat­form for SMEs to use when plan­ning their ex­port and in­ter­na­tion­al­i­sa­tion ef­forts. The project, which will see TradeMalta in­vest­ing in sec­tor and mar­ket re­ports, eLearn­ing con­tent, plan­ning tools and other knowl­edge as­sets that SMEs need to find in­ter­na­tional mar­kets, will cost just un­der €1 mil­lion.

Over the next 24 months, TradeMalta will be procur­ing var­i­ous ICT, au­dio vis­ual, re­search and other ma­te­rial which will be made avail­able on this knowl­edge plat­form. This will en­sure that SMEs in Malta will at least be on a par with their coun­ter­parts in lead­ing Euro­pean coun­tries, when it comes to knowl­edge-based sup­port. The in­ter­na­tion­al­i­sa­tion knowl­edge plat­form is co-fi­nanced un­der the Op­er­a­tional Pro­gramme I Euro­pean Struc­tural and In­vest­ment Funds 2014-2020 “Fos­ter­ing a com­pet­i­tive and sus­tain­able econ­omy to meet our chal­lenges”.

To date TradeMalta has pro­vided as­sis­tance to SMEs in terms of the co-fi­nanc­ing of ex­port mar­ket­ing ini­tia­tives, train­ing and match­mak­ing. Through this knowl­edge plat­form the agency will now of­fer en­gag­ing and cred­i­ble con­tent that SMEs will find use­ful to plan and ex­e­cute their ex­port and in­ter­na­tion­al­i­sa­tion. TradeMalta plans to de­ploy a new staff mem­ber to sup­port th­ese in­for­ma­tion ser­vices as part of this project. Ten­ders for the pro­cure­ment of key con­tent com­po­nents are ex­pected to start be­ing pub­lished by the end of this year.

The in­ter­na­tion­al­i­sa­tion knowl­edge plat­form is an im­por­tant mile­stone for TradeMalta. Malta’s trade pro­mo­tion agency be­gan op­er­at­ing 16 months ago, tak­ing over the ex­port pro­mo­tion func­tion from Malta En­ter­prise. Since its in­cep­tion, TradeMalta has helped over 200 SMEs ex­hibit in var­i­ous trade fairs over­seas, has taken 122 firms on trade mis­sions, in­clud­ing six mis­sions to emerg­ing mar­kets, had 20 SMEs on an early-stage ex­porter pro­gramme and 18 SMEs on a pro­gramme for ex­ist­ing ex­porters. Since it started op­er­at­ing, TradeMalta has con­ducted three sur­veys on key sec­tors and has or­gan­ised in­for­ma­tion meet­ings on key mar­kets at­tended by over 300 peo­ple.

TradeMalta be­lieves that there is a de­mand for knowl­edge ser­vices for ex­porters and is com­mit­ted to live up to its prom­ise of be­ing the first port of call for SMEs in­ter­ested in ex­port­ing and in­ter­na­tion­al­is­ing their prod­ucts and ser­vices.

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