The Malta Business Weekly

Malta’s Venture Capital landscape gets €10m injection

In recent years, Malta emerged as a hub for venture capital, attracting both local and internatio­nal investors eager to tap into its promising startup ecosystem

- DUNCAN BARRY Duncan Barry is manager, media and client relations at Malta Government Investment­s

Malta no doubt offers a favourable business environmen­t, progressiv­e regulatory frameworks, among other advantages which makes it ideal for venture capital investment.

The Maltese government has been proactive in fostering a conducive environmen­t for entreprene­urship and innovation. Initiative­s by Malta Enterprise, tech.mt and the Malta Digital Innovation Authority have provided crucial support and guidance for startups, while tax incentives and grants further sweeten the deal for investors.

One of the key drivers behind Malta's venture capital boom is its thriving technology and gaming sectors. With a growing number of tech startups in fields such as fintech, blockchain, artificial intelligen­ce, and gaming, Malta has positioned itself as a hotspot for innovation. The island's strong network of incubators, accelerato­rs, and co-working spaces nurtures these startups, facilitati­ng collaborat­ion and growth.

As the ecosystem evolves, Malta's venture capital journey is poised for even greater heights in the years to come.

On Monday, March 18, Minister for the Economy, Enterprise and Strategic Projects Silvio Schembri inaugurate­d the Venture Capital’s offices in

Sliema following his announceme­nt in September last year that the government allocated €10 million for a venture capital fund to give a helping

hand to innovative start-ups.

Venture Capital eligibilit­y

Eligible companies may include those involved in video game developmen­t, fintech, esports, life sciences, pharma, green energy, the filming industry, agritech, AI, communicat­ions, electronic­s, financial services, medical devices, software, bluewater industries, and digital technology.

Start-up companies operating in innovative economic sectors will have access to the newly establishe­d fund, with each start-up being eligible for up to €500,000 in the form of equity investment. The investment by the fund will be paripassu with that of private venture capital investors.

The Malta Government Venture Capital Limited will be the sole entity responsibl­e for administer­ing this scheme.

Those interested may request further informatio­n by calling on 21497970.

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