Malta Retains 4th Place In Europe For Innovative Startups

Feb 24 2025

Malta has reaffirmed its status as a premier hub for innovative startups, maintaining its position as the fourth-ranked country in Europe for the second year in a row.

This recognition comes from the 2024 Startup Nations Standard (SNS) Report by the Europe Startup Nations Alliance (ESNA), which evaluates 24 EU nations. The ranking underscores Malta’s dedication to cultivating a dynamic, entrepreneur-friendly ecosystem.

The report highlights Malta’s strong performance in key areas such as talent attraction, digital transformation, and regulatory advancements—fundamental elements for a thriving startup landscape. Notably, Malta achieved a perfect 100% score in two categories:

Talent Attraction & Retention – Through targeted programs, Malta draws top talent, particularly in technology, encouraging professionals to relocate and build their careers in the country.

Digital Transformation – With comprehensive online government services, Malta stands out in digital public administration, ensuring seamless business operations for startups.

Since 2020, Malta’s startup ecosystem has grown significantly, with 66 projects approved under the Start-up Finance Scheme, receiving €30 million in funding. These startups, spanning sectors such as FinTech, MedTech, and robotics, have generated over 145 high-quality jobs.

The average wage in these startups stands at €45,000—twice the national average—with 25% of employees earning above €60,000. The highest-paying startups offer salaries averaging €71,248, contributing substantially to government revenue and the local economy.

Minister for the Economy, Enterprise, and Strategic Projects, Silvio Schembri, emphasised Malta’s commitment to further strengthening its startup environment: “Our goal is to position Malta as the ultimate destination for startups and entrepreneurs.

By refining support structures and attracting global businesses, we are laying the foundation for long-term economic growth. Malta Enterprise plays a key role in ensuring the country remains a leading centre for innovation and investment.”

Strategic initiatives have driven this success, including DiHubMT, led by the Malta Digital Innovation Authority (MDIA), which supports startups and SMEs through mentorship, incubator programs, workspace access, and advanced equipment. In 2025, the introduction of a High-Performance Computer (HPC) will further enhance local research capabilities, eliminating the need for costly international studies.

The annual Startup Festival has also been a catalyst, fostering networking and collaboration among entrepreneurs.

Additionally, Malta continues to adapt its regulations to support emerging industries, reinforcing its pro-business stance.

Looking ahead, the government plans to expand support with funding of up to €1.5 million per startup, a streamlined framework for startup operations, and a new incubation centre in Ħal Far.

These efforts align with Malta Vision 2050, a strategic framework aimed at fostering sustainability, inclusivity, and economic resilience through technology and entrepreneurship.

While the SNS Report highlights areas for growth, including improved financial access and increased diversity, Malta’s business-friendly environment and digital-first approach make it an attractive destination for startups aiming to thrive in Europe.

#MaltaDaily

Important Public Transport Info For Gozo Carnival Weekend

Feb 24 2025

Transport Malta took to social media to report some special public transport scheduling changes as people make their way to Gozo to celebrate carnival this weekend.

Here’s all you need to know:

From Rabat (Gozo) to Nadur, there will be public transport every 15 minutes between 8pm and 12am. And from the Port of Imġarr to Nadur, a shuttle will be available for every voyage scheduled between 7pm and 12am.

During the night between Saturday and Sunday, there will be special services from 1am and 2:30am towards these localities.

S1: Nadur – Xagħra – Marsalforn

S2: Nadur – Xewkija – Sannat (Ta’ Ċenċ) – Munxar – Xlendi

S3: Nadur – Ir-Rabat (Għawdex) – Kerċem – St. Luċija

S4: Nadur – Ir-Rabat (Għawdex) – San Lawrenz – Għarb – Għasri – Żebbuġ

S5: Nadur – Għajnsielem – Mġarr (Vapur)

S6: Nadur – Qala

#MaltaDaily

Watch: Kyle’s Big Brother Malta Journey Comes To A Dramatic End

Feb 24 2025

As the most recent evictee from Big Brother Malta, Kyle made a dramatic and emotional exit.

Before his eviction, @kmattard’s boyfriend visited the Big Brother Malta house during the ‘freeze’ challenge, surprising him with a heartfelt moment, a bouquet of flowers, and cherished memories from their relationship.

Kyle became visibly emotional as his boyfriend offered words of support ahead of his upcoming birthday, emphasising how incredibly proud he was of him.

Kyle was evicted moments later and was seen leaving the house visibly emotional and frustrated.

Kyle said that he felt like he said and did everything as he thought was right but was still disappointed in the elimination.

#MaltaDaily

Excellence In Construction Awards Celebrates 1st Annual Winners

Feb 24 2025

Last Saturday, the inaugural Excellence in Construction Awards (XCA) brought together the visionaries shaping Malta’s construction industry for a spectacular evening of recognition and celebration.

Hosted at the Grand Master’s Palace, the event welcomed over 250 industry professionals, policymakers, and innovators to honour achievements across innovation, sustainability, and quality.

Award-Winning Excellence

The XCA recognised exceptional companies in 11 categories, showcasing the extraordinary impact of Malta’s construction leaders. This year’s top accolade, Contractor of the Year, was awarded to Panta for their demonstrated excellence across every aspect of construction.

Other winners include:

● Dedication to Sustainability: Attard Bros.

● Quality & Workmanship: Mekanika

● Workforce Training & Development: Panta

● Commitment to Wellbeing, Health & Safety: Attard Bros.

● Innovation, Research & Development: Halmann Vella Ltd.

● Excellence in Demolition & Excavation Works: Ballut Blocks

● Excellence in Infrastructure & Civil Works: General Maintenance Ltd.

● Excellence in Mechanical & Electrical Installations: AASK Enterprises Ltd

● Excellence in Finishing Works: Establishment Ltd.

● Conservation Awareness: Queens Furniture

● Public Choice Award: Panta

Highlighting the Industry’s Mission

The awards focused on raising standards and fostering a culture of sustainability, innovation, and quality in Malta’s construction sector. Speaking at the ceremony, Reuben Xuereb, Chairman and CEO of QP, the XCA’s CSR Partner, emphasised the importance in achieving these goals:

“This is our opportunity to set a new benchmark, one where construction is not just about building but about creating a sustainable and inspiring Malta for generations to come. We have a responsibility. Let us celebrate tonight’s winners. Be inspired by their work and reaffirm our

shared commitment to an industry that values quality over shortcuts, responsibility over convenience and sustainability over short term profit.”

Adding to this, The Honourable Dr. Jonathan Attard, Minister for Justice and Reform of the Construction Sector, underscored the significance of these awards in the ongoing transformation of Malta’s construction industry:

“The Excellence in Construction Awards represents a commitment to recognising quality, innovation, and sustainability. This initiative is not simply an awards ceremony; it serves as a platform for collaboration and inspiration for future generations. As we reflect on our journey, I urge everyone to maintain momentum and support a dialogue centred on raising standards and fostering responsibility. Meaningful reform is an ongoing process, driven by those who embrace change and strive for progress. Together, we can cultivate an industry that excels in quality, respects its workers, and values its communities.”

A Night to Remember

The evening featured keynote speeches, inspiring stories from awardees, and a special focus on public participation, which allowed the community to vote for their favourite contractors. The event’s success was amplified by the support of our esteemed partners and sponsors.

Supported by: The Ministry for Justice and Reform of the Construction Sector.

Endorsed by: The University of Malta, the Occupational Health & Safety Authority, the Building and Construction Authority, the Malta Development Association, Kamra tal-Periti, the Malta Chamber of Construction Management, the Chamber of Engineers, Assoċjazzjoni Bennejja u Kuntratturi, the National Building Council, the Malta ESG Alliance, the Environment and Resources Authority, Malta Group of Professional Engineering Institutions, the Planning Authority, Project Green, Property Market Agency and Infrastructure Malta.

Corporate Social Responsibility Partner: QP.

Sponsored by: BOV, Finestral, JMV Building Solutions, BNF Bank

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