Paragon Europe has announced the formation of a digital cluster launching in October. The formation of the Malta Digital Cluster will include stakeholders representing academia, government entities, NGOs, SMEs, start-ups and other entities from the business sector together with external experts in the digital sphere.

Discussions will focus on ways in which cluster members could collaborate, including participation in EU-funded projects and tenders, business opportunities, the sharing of knowledge, the dynamics of the cluster and the way forward.

There has been solid growth of digital clusters across Europe, helping accelerate Europe’s digital economy and driving national and regional economic growth, a key part of the Juncker plan and the drive on Digital Europe. It confirms that the exponential growth of digital businesses is a phenomenon reaching far beyond capital. According to recent studies, digital job growth is predicted to outperform all other occupation categories by 2020.

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. The digital economy has become an integral part of our country and the rapid growth of many digital businesses has confirmed Malta’s position as a global hub of technology excellence in the Mediterranean. Paragon Europe is committed to supporting the growth of our digital industry nationwide through characteristic Maltese innovation and thriving entrepreneurial spirit driving the sector forward.”

Life Sciences Park CEO Joseph Sammut said: “We need to help power the digital economy in Malta, it is helping to create jobs and contribute to growth. The Digital Hub forms part of the 10,000 square metre campus of the Malta Life Sciences Park. We are a catalyst for FDI, tech start-ups and budding entrepreneurs to join them. Malta has emerged as one of the fastest growing technology centres in the Mediterranean.”

Paragon Europe CEO Anton Theuma said: “Innovative tech start-ups are at the heart of growth and the majority stem from collaborative communities of entrepreneurs such as incubators. The Digital Hub at the Life Sciences Park acts as a catalyst for start-ups and small enterprises, bringing businesses and business people together. We were delighted to have been recognised by the Digital Hub as playing a key role in the emergence of such an exciting start-up scene in Malta.”

Participation in the Malta Digital Cluster will be completely voluntary and no obligations or fees will be imposed on members. For more information, contact Edwin Ward at edwin.ward@paragoneurope.eu call 9920 7677 or visit www.paragoneurope.eu.

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