Minister for the Economy, Enterprise and Strategic Projects Silvio Schembri delivered a speech at the annual Enterprise Innovation conference hosted by Malta Enterprise. This event largely served as a platform for networking and brought together various different entrepreneurs in Malta to discuss a multitude of topics.
The central theme of this year’s conference was the pivotal role of digital transformation in enhancing the value creation capabilities of Maltese enterprises. It highlighted the various support mechanisms available to facilitate this transformative journey.
Minister Schembri highlighted the importance of various Maltese organizations including Malta Enterprise, Malta Digital Innovation Authority, Gaming Malta, Malta Life Sciences Park, and Kordin Business Incubation Centre which all share the same ambition the government has towards innovation.
Minister Schembri stressed that fostering an environment of innovation not only makes Malta more attractive to investors but also stimulates local business growth.
CEO of Malta Enterprise, Kurt Farrugia outlined the company’s framework to support innovation across various sectors and industries. He also revealed that economical development does not only mean the fostering of new businesses but also the revitalization of existing ones to ensure their stability and competitiveness.
Malta’s commitment to innovation extends beyond Malta Enterprise, with the Malta Digital Innovation Authority (MDIA) also playing a crucial role in promoting innovation in the country. Setting up MDIA five years ago positioned Malta at the forefront of innovation, with similar initiatives becoming mandatory across the EU.
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