The government has launched Venture Capital Malta (VC – MT), developed in collaboration with finance and advisory specialists from the private sector.

It was launched by the Ministry for the Economy, Investment and Small Business, through Malta Investment Management Company Ltd (Mimcol) and Malta Enterprise.

“The main objective of VC – MT is to develop Malta as an oasis for new business opportunities, welcoming new ventures with the support of finance in the guise of private equity or venture capital,” Economy Minister Chris Cardona said.

The hope is that this initiative would help bridge the gap in the provision and availability of funding for start-ups.

Dr Cardona said the role of government was to provide the framework and resources for specialised firms to work hand in hand to create the environment required to attract venture capital to Malta – rather than playing the role of the venture capitalist, “as was done in previous attempts by previous administrations which failed”.

Both Mimcol and Malta Enterprise will provide funding and resources, and will work with financial services providers reaching out to the leading cities hosting venture capital and private equity.

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