At the second edition of Malta Enterprise’s StartUp Café, Minister for the Economy, Investment and Small Businesses Chris Cardona launched this year’s edition of Malta SME Week as well as a new mobile app that facilitates and gives businesses access to all the information needed regarding the incentives available to them.
The Malta SME Week is part of the European Commission’s European SME Week events aimed at generating public awareness amongst those people who wish to start a business or are already in business and wish to grow and scale-up their activities. For 2019, the calendar of events for SME Week will be spread over six weeks making it possible for businesses to participate in different events. It is a joint effort with the constituted bodies that support enterprises and this year’s edition will feature a wide range of events targeting different audiences. SME Week ties with the Ministry’s efforts to promote entrepreneurship so that more people, in particular younger ones, consider becoming an entrepreneur as a career option, whilst providing information on national and EU entities assistance to micro, small and medium-sized businesses and also giving recognition to entrepreneurs for their contribution to Malta’s welfare, jobs, innovation, and competitiveness.
With regard to SME Week, Minister Cardona said, “October has become synonymous for the local business community with events that bring us and the relevant stakeholders all together, where we update each other on local and European trends. It’s also an opportunity for us to have a better idea of what challenges and realities our businesses are facing.”
The Enterprises Incentives App was designed after public feedback and the recognition of businesses’ bewildering experience at making sense of the overwhelming and disjointed amount of information on support and incentives available to them from the many different sources. The App aims to be a practical, streamlined platform through which local businesses can easily rifle through the available collection of schemes and other incentives available from all government organisations. Support measures are grouped based on the type of funding mechanism, but also further categorized by the sectors they target. Upon completing the streamlining process, each page relating to a particular incentive provides basic information about the scheme, with direct links to more detailed information along with contact details pertaining to the entity managing each initiative. Those interested in a particular fund may also press the subscribe button so that they will be notified of any updates to the particular scheme.
Malta Enterprise dedicated October to the start-up community, with its events targeting startups, entrepreneurs, investors, and young persons thinking of their own future business. The StartUp Café once again brought together about 120 young enterprises and youths looking to start their own business, with the opportunity to meet and network with mentors from different fields and backgrounds. During the event, professionals and academics in the field shared their experiences in order to help participants further develop their entrepreneurial skills, thereby enabling them to enhance their chances of being successful in their business. In addition, apart from hearing the experts out, start-ups and youths taking part, were also able to get more value by having an active role, asking their own questions and getting appropriate guidance during a number of panel discussions, workshops as well as networking sessions with the panelists.
More information is available on SME Week and the new mobile app, is available on the Ministry’s website www.economy.gov.mt