Global report: Malta’s Fintech, Blockchain, and Gaming ecosystem is ‘one to watch’

ARTICLE RELEASED ON MALTA CHAMBER OF COMMERCE WEBSITE – THE OFFICIAL BUSINESS PORTAL

 

Malta’s tech start-up ecosystem is one to watch in the areas of FinTech, blockchain, gaming, big data and analytics, according to the 2018 Global Startup Ecosystem Report (GSER).

The report, published by Startup Genome in collaboration with the Global Entrepreneurship Network, was released during the Global Entrepreneurship Congress (GEC) held in Istanbul.

The global report features strategic start-up, investment and policy insights from over 10,000 founders in 45 ecosystems – including Malta’s performance. The report notes that, with the United Kingdom leaving the EU, Malta becomes the only “officially Anglophone” nation in the EU, and is well positioned as a relocation destination for UK start-ups and companies searching for stability and a suitable point of entry into the EU market.

Furthermore, Malta is described as a dynamic hub that can attract early-stage start-ups who want to work in a location that combines good weather, low operating costs and increasing government support.

The 2018 report scrutinises key sub-sectors such as advanced manufacturing and robotics, AgTech, artificial intelligence, big data and analytics, life sciences and cybersecurity, as well as new technologies in education, health, advertising and finance. The report then highlights which ecosystems are considered as being global leaders for each sub-sector.

The Malta Communications Authority (MCA) partnered with Startup Genome to make this research exercise in Malta possible, reaching out to the growing startup community to capture insights from startup founders, talent and stakeholder representatives based in Malta. Dr Edward Woods, Chairman at MCA, welcomed the findings, describing them as further evidence of Malta’s relevance in the global scene for communications technology and digital innovation.

The GSER 2018 report can be downloaded from www.startupgenome.com/report2018