Public-Private Partnership Tech.mt, was established in 2019 by the Government of Malta and the Malta Chamber
of Commerce, Enterprise and Industry, to promote Malta as a tech centre for innovative technologies.
In this day and age, the notion of technology and innovation driving productivity and economic growth is indisputable. What was before tainted with unrealistic expectations and uncertainty is now at the top of the agenda of governments, international institutions and private corporations. The relentless surge of major technologies such as Artificial Intelligence, Blockchain, Distributed Ledger Technology, Internet of Things, Big Data, and Cloud Computing has enabled a new and exciting synergy between government, industry and academia. Inevitably, such synergies require the proper nurturing and support in order to thrive and align themselves towards an integrated and unified objective.
Created on the key priority fields of technology and innovation, Tech.mt not only aims to elevate Malta’s status as a quality Tech provider on both a local and international platform but also strives to act as the interlinking force between government, industry and academia. To realise Malta’s vision to become a tech centre for innovative technologies, Tech.mt builds its strategy onto four main pillars – those of Promotion, Innovation, Talent and Assistance. Through the combined relevance of all four pillars, Tech.mt aims to provide the means through which established local tech organisations may export their technology overseas and by which foreign investors may equally set up new technological ventures in Malta. As part of its strategy, Tech.mt also focuses on providing tech students with the opportunity to present and enhance their research, and finally to also provide the support to local tech start-ups.
Tech.mt’s mandate is to seek sectorial growth and assist the technology ecosystem in establishing itself as a leading contributor to our GDP. As such, Public-Private Partnership Tech.mt, was established in 2019 by the Government of Malta and the Malta Chamber of Commerce, Enterprise and Industry, to promote Malta as a tech centre for innovative technologies. Tech.mt shall be instrumental in taking the Technology industry to the next level, as it will seek to make the world notice the huge potential the technology sector in Malta has to offer. This is possible even more as Tech.mt boasts on the economic performance and financial stability of the island.
Having one of the fastest growing economies in Europe, Malta’s reputation for stability makes the island a destination of choice for doing business. The Maltese legislative and regulatory framework is a desired factor for investors determining a location to set up their new line of business. Malta’s accessible economic environment and tax incentives demonstrate a flexible working setting and offers numerous benefits to foreign investorswhoaresearchingforanattractiveandreliablebusinessenvironment. Currentinvestorsareconfident about their future business potential on the island. In fact, Malta already rates above EU average when it comes to SMEs choosing a country to internationalise, thus reflecting that Malta is already depicted as an attractive place for start-ups.
Malta has also been described as an innovation-driven economy by the World Economic Forum, a tag-line which keeps confirming that we are driving in the right direction by focusing efforts on technology and innovation. Malta was the first jurisdiction to develop a regulatory framework for DLTs. In the past 2 years, Malta has positioned itself as the Blockchain Island, mainly due to its swift acceptance of emerging technologies and the agility to act and regulate without suffocating the market. This instills a strong element of trust in a sector that might be deemed dark.
At Tech.mt we strongly believe that we should constantly expose our minds to this challenging digital evolution and involve ourselves in what we might not fully understand instead of fearing it, in order not to risk becoming digitally obsolete. As the globe unites into one digital continent, we must push ourselves into new paths of technology and be part of the digital transformation that will take us to the next decade.