A digital cluster made up of stakeholders in academia, government, NGOs, SMEs and start-ups will launch in October with the aim of driving Malta’s digital development forward, Paragon Europe have announced.

The cluster will focus discussions on how cluster members can collaborate on EU-funded projects and tenders, share knowledge and open up business opportunities.

Digital clusters have sprouted up across Europe, helping to accelerate Europe’s digital economy and driving national and regional economic growth, a key part of the EU’s drive towards creating a Digital Europe.

According to recent studies, digital job growth is predicted to outperform all other occupation categories by 2020. In addition, 77 per cent of digital companies within clusters say they benefit from access to a network of entrepreneurs to interact with and to share ideas.

Speaking at the launch of the Malta Digital Cluster, Paragon Europe chairman Edwin Ward said:

“Backing the industries of the future is a key part of Paragon Europe's long-term plan to support business, create more jobs in Malta and help contribute to a more resilient economy.”

Mr Ward said that the “rapid growth” of many digital businesses confirmed Malta’s  position “as a global hub of technology excellence in the Mediterranean.”

Life Sciences Park CEO Joseph Sammut called the park “a catalyst for FDI, tech start-ups and budding entrepreneurs to join them.”

He said that Malta was one of the fastest growing technology centres in the Mediterranean, and argued that the digital cluster formed by Paragon Europe “will accelerate growth and yield new opportunities."

Paragon Europe CEO Anton Theuma said the time had come to “shine the spotlight on this exciting technology cluster that can transform Malta’s digital economy."

Participation in the Malta Digital Cluster will be completely voluntary and no obligations or fees will be imposed on members. For more information about Paragon Europe and the Malta Digital Cluster, contact Edwin Ward by email, call on  9920 7677 or visit www.paragoneurope.eu

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