The Malta Business Bureau has launched free and publicly-available training in financial literacy for young and inexperienced entrepreneurs, as part of the EU-funded INVEST project.
The model has been specifically designed to address existing gaps in financial knowledge, within both the Maltese and wider EU markets. The gaps were identified following research investigating the existing level of financial literacy amongst entrepreneurs in the five partner countries, namely Greece, Italy, Malta, the Netherlands and the United Kingdom.
The research showed that young and inexperienced entrepreneurs in particular, wanted to improve their basic financial knowledge, preferably through an e-learning platform.
Addressing this, the INVEST partners developed an online training model, allowing participants to learn at their own pace and in their preferred time.
The INVEST training model offers 30 hours of training customised to the entrepreneur’s skill gaps. The model strongly focuses on accounting, savings and investment for entrepreneurs and was developed from input by experts within the seven partner organisations.